New York, NY 11209

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,199,000
Annual Taxes:$24,709.48
578 Driggs Avenue Brooklyn, NY 11211
Listing Courtesy of Triolo Realty Group Inc

Welcome to 555 80th Street, a solid six family investment property in the heart of Bay Ridge Brooklyn one of Brooklyn s most established and consistently in demand neighborhoods.

Description

Welcome to 555 80th Street, a solid six-family investment property in the heart of Bay Ridge Brooklyn—one of Brooklyn’s most established and consistently in-demand neighborhoods. Built in 1931 and offering approximately 5,760 square feet of living space on a 2,442 square foot lot, this three-story attached building presents a rare opportunity to own a well-maintained, income-producing asset. The property consists of six residential units, each configured with four rooms including two bedrooms and one full bath. All apartments are rent stabilized, providing consistent occupancy and reliable long-term income. The building offers a strong operating profile, making it an ideal addition to any investment portfolio. This asset presents more than just stability—it offers clear potential for future growth. With several units currently below market levels, there is opportunity to increase returns over time through legal rent adjustments and turnover. Positioned on a prime Bay Ridge block, the property benefits from close proximity to shopping, dining, transportation, and neighborhood amenities that continue to drive demand in this highly desirable location. Whether you’re expanding your portfolio or securing a foothold in Brooklyn multifamily, 555 80th Street is a smart, stable investment with long-term upside.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.