Outstanding Mixed-Use Investment Opportunity. Discover an exceptional investment property located in the highly desirable Bay Ridge neighborhood. This solid mixed-use building offers one commercial unit and three newly renovated residential apartments, providing strong rental income and long-term upside in a prime Brooklyn location. Commercial Unit (1st Floor – Street Level) Currently occupied by a barbershop, Tenant pays hot water and electricity, keeping owner expenses low. Residential Units (All Newly Renovated) 1st Floor Rear – 2 Bedroom Apartment. Vacant and fully updated—perfect for immediate leasing or personal use. 2nd Floor – 5 Bedrooms, 1.5 Baths, spacious layout with modern renovations, 3rd Floor – 5 Bedrooms, 1.5 Baths, Newly renovated with generous living space. Strong rental income $118,980/year, expense only $20,208/ Year. Net 5.5%. A perfect location for both residential and commercial tenants. WON'T LAST.
For sale
$1,880,000
416 Bay Ridge Ave, Brooklyn, NY 11220
--beds
0baths
3,300sqft
Mixed Use
Built in 1931
2,000 Square Feet Lot
$1,738,300 Zestimate®
$570/sqft
$-- HOA
What's special
- 60 days |
- 139 |
- 3 |
Zillow last checked: 8 hours ago
Listing updated: January 10, 2026 at 06:34am
Listing by:
Ashford Homes LLC 929-364-1301,
Ray Long Wu 347-335-6333
Source: BNYMLS,MLS#: 497780
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Natural Gas, Baseboard
Cooling
- Has cooling: Yes
Appliances
- Included: Gas Water Heater
Features
- Flooring: Ceramic Tile, Hardwood
- Doors: Doors - 10 ft and under
- Basement: Finished,Full
Interior area
- Total structure area: 3,300
- Total interior livable area: 3,300 sqft
Property
Parking
- Parking features: None
Features
- Stories: 3
Lot
- Size: 2,000 Square Feet
- Dimensions: 20x100
Details
- Parcel number: 058730015
- Zoning: R5B
- Special conditions: Arm's Length
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Mixed Use
- Attached to another structure: Yes
Materials
- Masonry, Other, Brick
- Foundation: Concrete Perimeter, Stone
- Roof: Flat
Condition
- Year built: 1931
Utilities & green energy
- Electric: 110 V
Community & HOA
Community
- Subdivision: Brooklyn
Location
- Region: Brooklyn
Financial & listing details
- Price per square foot: $570/sqft
- Tax assessed value: $624,000
- Annual tax amount: $14,206
- Date on market: 12/9/2025
- Cumulative days on market: 61 days
Estimated market value
$1,738,300
$1.65M - $1.83M
$4,830/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Listed for sale | $1,880,000+88.4%$570/sqft |
Source: | ||
| 1/27/2024 | Listing removed | $998,000$302/sqft |
Source: | ||
| 7/1/2023 | Listing removed | -- |
Source: | ||
| 1/26/2021 | Sold | $998,000-33%$302/sqft |
Source: | ||
| 10/7/2020 | Pending sale | $1,490,000$452/sqft |
Source: Winzone Realty Inc #434205 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $14,206 | $280,800 -9.2% |
| 2023 | -- | $309,150 -1.2% |
| 2022 | -- | $312,750 +8.8% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: Bay Ridge
Nearby schools
GreatSchools rating
- 5/10Is 30 Mary White OvingtonGrades: K-8Distance: 0.1 mi
- 4/10Fort Hamilton High SchoolGrades: 9-12Distance: 1 mi
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