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
$1,798,000 Zestimate®
$570/sqft
$-- HOA
What's special
- 198 days |
- 108 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Ashford Homes LLC 929-364-1301,
Ray Long Wu 347-335-6333
Source: BNYMLS,MLS#: 497780
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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: $749,000
- Annual tax amount: $15,259
- Date on market: 12/9/2025
- Cumulative days on market: 200 days
Estimated market value
$1,798,000
$1.71M - $1.89M
$4,595/mo
Price history
| Date | Event | Price |
|---|---|---|
| 12/9/2025 | Listed for sale | $1,880,000+88.4%$570/sqft |
Source:  BNYMLS #497780 Report a problem | ||
| 1/27/2024 | Listing removed | $998,000$302/sqft |
Source: BNYMLS #434205 Report a problem | ||
| 7/1/2023 | Listing removed | -- |
Source:  OneKey® MLS as distributed by MLS GRID #3174609 Report a problem | ||
| 1/26/2021 | Sold | $998,000-33%$302/sqft |
Source: OneKey® MLS as distributed by MLS GRID #L3174609 Report a problem | ||
| 10/7/2020 | Pending sale | $1,490,000$452/sqft |
Source: Winzone Realty Inc #434205 Report a problem | ||
| 5/15/2020 | Listed for sale | $1,490,000$452/sqft |
Source: Winzone Realty Inc #434205 Report a problem | ||
| 1/29/2020 | Pending sale | $1,490,000$452/sqft |
Source: Winzone Realty Inc #434205 Report a problem | ||
| 1/2/2020 | Price change | $1,490,000-6.3%$452/sqft |
Source: Winzone Realty Inc #3174609 Report a problem | ||
| 10/23/2019 | Price change | $1,590,000-5.4%$482/sqft |
Source: Winzone Realty Inc #3174609 Report a problem | ||
| 9/5/2019 | Price change | $1,680,000-11.1%$509/sqft |
Source: Four Seasons of NY Inc Report a problem | ||
| 8/4/2019 | Listed for sale | $1,890,000+1790%$573/sqft |
Source: Four Seasons of NY Inc Report a problem | ||
| 10/26/2016 | Sold | $100,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,259 +7.4% | $337,050 +20% |
| 2024 | $14,206 | $280,800 -9.2% |
| 2023 | -- | $309,150 -1.2% |
| 2022 | -- | $312,750 +8.8% |
| 2021 | -- | $287,550 -8.3% |
| 2020 | $11,770 +8% | $313,650 -1.1% |
| 2019 | $10,902 | $317,250 +292% |
| 2018 | -- | $80,941 +3.3% |
| 2017 | $9,970 +31.8% | $78,383 +8% |
| 2016 | $7,567 | $72,592 +0% |
| 2015 | $7,567 +55.1% | $72,585 +8% |
| 2014 | $4,880 | $67,237 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Bay Ridge
Nearby schools
GreatSchools rating
- 7/10Is 30 Mary White OvingtonGrades: K-8Distance: 0.1 mi
- 5/10Fort Hamilton High SchoolGrades: 9-12Distance: 1 mi
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