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28149944
28149945

324 91st St, Brooklyn, NY 11209

AW
NY 10491211892
Century 21 Awaye Realty
Listed by Century 21 Awaye Realty
$1,498,000
440 days on market
Updated 56 days ago

324 91st Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,625
Cap Rate 3.38%
NOI $50,619
Occupancy 100%
Class C
Year Built 1925
Buildings 1
Stories 3
Lot Size (SqFt) 2,860
Zoning R5B
Investment Type Stabilized
Sale Condition 1031 exchange

Prime Investment Property – 6-Unit Building in Bay Ridge, Brooklyn

Marketing description

Discover an exceptional investment opportunity in the heart of Bay Ridge, one of Brooklyn’s most sought-after and established neighborhoods. This meticulously maintained six-unit rent-stabilized building provides steady rental income, long-term tenants, and excellent upside potential — a perfect addition to any serious investor’s portfolio.

This solid brick building features a desirable mix of five spacious two-bedroom, one-bath units and one comfortable one-bedroom, one-bath unit. The property measures 25 ft × 75 ft (approximately 5,625 sq. ft.) and sits on a 25 ft × 113.08 ft irregular lot totaling about 2,800 sq. ft. Zoned R5B, the property presents a strong and stable investment opportunity in one of Brooklyn’s most dependable multifamily markets.

Each apartment offers generously sized living and dining areas, windowed kitchens, hardwood floors, and tiled bathrooms. The bright, airy interiors are filled with natural light, adding to each unit’s comfort and appeal.

Perfectly positioned on a beautiful tree-lined street, the property is moments from everything Bay Ridge is known for — shopping, dining, parks, and transportation. Residents enjoy close proximity to 3rd Avenue’s vibrant restaurant scene, the R train, multiple bus routes for easy Manhattan access, and nearby schools, parks, and the scenic waterfront promenade.

With its stable rent roll, low-maintenance ownership, and prime Brooklyn location, this property delivers both immediate cash flow and long-term growth potential. Investors will appreciate the neighborhood’s strong market fundamentals, consistent tenant demand, and opportunity for future appreciation.

Don’t miss the chance to own this income-producing multifamily building in one of Brooklyn’s most vibrant and enduring communities.

All information, including square footage, is subject to errors and omissions.

Investment highlights

Investment Highlights

  • Prime Bay Ridge Location – Situated in one of Brooklyn’s most established and desirable neighborhoods, known for its strong rental demand and enduring appeal.

  • Solid Brick Six-Unit Building – Meticulously maintained, offering a mix of (5) two-bedroom, one-bath units and (1) one-bedroom, one-bath unit.

  • Steady Income Stream – Fully occupied, rent-stabilized property with long-term tenants providing reliable cash flow.

  • Excellent Upside Potential – Opportunity for future rent increases and property appreciation in a high-demand multifamily market.

  • Spacious Layouts – Each apartment features hardwood floors, windowed kitchens, tiled baths, and bright, airy interiors filled with natural light.

  • Property Dimensions – Building measures 25 ft × 75 ft (approx. 5,625 sq. ft.) on a 25 ft × 113.08 ft irregular lot (approx. 2,800 sq. ft.), zoned R5B.

  • Low-Maintenance Ownership – Well-kept property offering ease of management and stable returns.

  • Convenient Access & Lifestyle – Located on a tree-lined street near 3rd Avenue’s shopping and dining, R train, bus routes, schools, and the waterfront promenade.

  • Strong Market Fundamentals – Bay Ridge continues to offer consistent tenant demand, high occupancy rates, and long-term growth potential.

  • Ideal Portfolio Addition – A turnkey, income-producing asset combining stability, appreciation potential, and prime Brooklyn location.

Listing Contacts

AW
NY 10491211892
Century 21 Awaye Realty
Listed by Century 21 Awaye Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$50,619.00
$4,218.25/mo

Valuation Metrics

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DSCR
3.38%
Cap Rate
3.38%
ROI

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Additional Information

Name
Arlene Waye
License
10491211892
Brokerage
CENTURY 21 Awaye Realty
Brokerage Phone
7184880800
Title
Real Estate Broker
Brokerage Address
526 Court Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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