The listing facts are current enough for an initial property review.
for saleRealtyLens property overview
$1,049,000
437 Bay Ridge Ave
Brooklyn, NY, 11220
View more Brooklyn, NY property pages6Beds
6Baths
4,125Sqft
$254$/sqft
Listing Notes
437 Bay Ridge Avenue presents a well-maintained, fully occupied six-family building located in the heart of Bay Ridge, Brooklyn. This asset offers stable in-place income with strong upside potential, making it an ideal opportunity for both seasoned investors and end-users seeking long-term appreciation in a highly desirable neighborhood. Positioned in a vibrant, amenity-rich area, the property benefits from strong rental demand driven by accessibility, retail corridors, and public transportation. Gross Income is $103,152; Total Annual Expenses are $37,040; Net Operating Income (NOI) is $66,112. This property is being offered at 6.10% CAP Rate. Seller is motivated to sell, present all offers.
Market Insights
Below nearby median-71%
$254/sqft vs a nearby median of $860/sqft.
Nearby median$860/sqft
Nearby properties12
Property size4,125 sqft
- -71% versus the nearby median price per square foot.
- 2 price records are available for this property.
- 4,125 sqft creates a usable price-per-square-foot read.
Pricing Read
Yardstick fair value$3.76M$3.42M – $4.10M · 50% confidence
vs ask $1.05M−$2.71M (−258.5%)
Asking price is about 258.5% below the fair value — likely to draw competing offers if it's still on market.
$860/sqft median across 10 tight comps × 4,125 sqft= $3.55M
- Transit access+$142k +4.0%
- Pre-war character+$89k +2.5%
- Visible condition issues−$18k −0.5%
Cumulative NYC adjustments+$213k+6.0%
Property Read
The asking price per square foot is below the nearby median, which can be worth a closer comp check.
Recorded price cuts can create room for negotiation, but the latest ask still needs to be compared against true comps.
Diligence Read2 items to check
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Listing Details
- Days on market
- 46 days
- Last price change
- Down $50,000 (4.5%)
- Listed
- Mar 27, 2026
- Photos
- 4 photos
- Property type
- multi family
- Status
- for sale
Features & Amenities
Hardwood FloorsTwo Or More StoriesRental Property
Building Facts
- Year built
- 1931
- Stories
- 3
- Total units
- 6
- Residential units
- 6
- Building area
- 4,125 sqft
- Lot size
- 2,500 sqft
- Land use
- Multi-family walk-up buildings
- Building class
- C2
From NYC public records where available.
Price History
May 8, 2026diff
$1,049,000for sale
May 4, 2026Initial record
$1,099,000for sale
Public Records
DOB violations1 open
1 total recorded against the building
HPD violations3 open
50 total recorded
ACRIS documents5
Tax-lot deed, mortgage, and transfer records on file
311 calls (12 mo)31,299
Top: illegal parking
Top complaint types in ZIP 11220
- Illegal Parking7,358
- Blocked Driveway2,422
- Noise - Residential2,079
- HEAT/HOT WATER1,695
- Noise - Street/Sidewalk1,479
Recent DOB
- Dec 13, 2011V-DOB VIOLATION - ACTIVE · LBLVIO-LOW PRESSURE BOILER BOILER REQUIRED
Recent HPD
- Jun 6, 2025Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Apr 8, 2024Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Mar 21, 2023Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
- Feb 23, 2022Class A · (A) § HMC:FILE ANNUAL BEDBUG REPORT IN ACCORDANCE WITH HPD RULE AS DESCRIBED ON THE BACK OF THIS NOTICE OF VIOLATION OR AS DESCRIBED ON HPD S WEBSITE, WWW.NYC.GOV\HPD, SEARCH BE...
Recent Transfers (ACRIS)
- Nov 16, 2016DEED
- Dec 20, 1994DEED
- Apr 7, 1971DEED
Sourced from NYC Open Data (DOB, HPD, ACRIS). Updated as the city republishes — check the original source for live status.