Introducing a solid, all-brick six-family investment property located in the vibrant East New York neighborhood of Brooklyn. This income-producing corner property offers an excellent opportunity for investors seeking strong returns and long-term value.The building consists of six (1-bedroom) apartments, each well-proportioned and maintaining consistent rental demand. Additional highlights include a finished basement for versatile use and a private 4-car garage, providing rare convenience and enhancing the propertys overall value. Ideally situated on the corner of Ridgewood Avenue, the property enjoys close proximity to major transportation options, including the J & Z subway lines as well as B13 and B26 bus routes, ensuring easy commutes throughout Brooklyn and beyond. The neighborhood is bustling with amenities such as shopping centers, restaurants, and grocery stores, while recreational and educational needs are met by Highland Park and Community School District 19.This property presents a remarkable turnkey investment in a strong rental market with immediate income potential and continued growth opportunities
For sale
Price cut: $50K (12/11)
$1,300,000
482 Ridgewood Ave, Brooklyn, NY 11208
--beds
0baths
--sqft
Multi Family
Built in 1915
-- sqft lot
$1,291,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 161 days |
- 244 |
- 5 |
Zillow last checked: 8 hours ago
Listing by:
Douglas Elliman 917-470-1053,
Devaykanan Rishudeo
Source: Douglas Elliman,MLS#: 906253
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Features
- Has basement: No
Interior area
- Total structure area: 0
Property
Parking
- Total spaces: 4
Features
- Stories: 3
Lot
- Size: 2,613.6 Square Feet
Details
- Parcel number: 041320035
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Multi Family
Condition
- Year built: 1915
Community & HOA
Community
- Subdivision: Brooklyn Other
Location
- Region: Brooklyn
Financial & listing details
- Tax assessed value: $613,200
- Annual tax amount: $17,290
- Date on market: 8/27/2025
- Lease term: Contact For Details
Estimated market value
$1,291,300
$1.23M - $1.36M
$2,835/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/11/2025 | Price change | $1,300,000-3.7% |
Source: | ||
| 8/28/2025 | Listed for sale | $1,350,000 |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $17,290 | $275,940 +20% |
| 2023 | -- | $229,950 -20% |
| 2022 | -- | $287,550 -15% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: East New York
Nearby schools
GreatSchools rating
- 4/10Ps 7 Abraham LincolnGrades: PK-5Distance: 0.3 mi
- 4/10Is 171 Abraham LincolnGrades: 6-8Distance: 0.1 mi
- 6/10Brooklyn Lab SchoolGrades: 9-12Distance: 0.5 mi
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