SOLD FOR $1,480,000
Listed at $1,510,000 · Sold 2.0% below asking · Closed March 8, 2022
551 82nd Street
MLS® #RLS10761064
Listing by Keller Williams Realty Empire
10
Bedrooms
7.5
Baths
4,672
Sq. Ft.
1928
Year Built
Quick Summary
Property Highlights
- Style: Prewar architecture
- Character: Pre-war building (1928)
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Nov 1, 2021 | $1,510,000 | - |
| Price Reduced | Mar 18, 2022 | $1,549,000 | +2.6% |
Description
This property is 25ft wide x 73 ft deep with 6 two-bedroom 1 Bathroom (4 out of 6 units are renovated with new bath and/or new kitchen). Seller maintained the building throughout the years so low maintenance for new buyers. Seller also paid to CONVERT TO GAS HEAT (signed off). Seller spends a lot of money to put in NEW ROOF, NEW BOILER, NEW ELECTRIC, NEW SIDEWALK, so it gives buyers peace of mind. The seller has been keeping up with legal rent roll throughout the years so there's more profit margin for new buyers. This is a GREAT investment property that yields you a 6% CAP RATE at the current rent and layout. There is future potential for 2 duplexes on first and ground level. There is also a laundry hook-up for future coin-operated washers and dryers. Gross Annual Rent Roll: $128,357; Expenses: $34,643; NOI: $93,714; CAP RATE: 6%. Close to transportation (R train, B16, B70, and BQE 278), 5th Ave and 3rd Ave Restaurants, 86th Street Bay Ridge Shopping with Major Brands (86bid.org), proximity to Dyker Beach Dog Park for small and big dogs.
Building Information
About Bay Ridge
View All Bay Ridge ListingsBay Ridge is a historic neighborhood in Southwest Brooklyn with views of the Verrazzano-Narrows Bridge and New York Harbor. Commercial corridors along 3rd and 5th Avenues run through the area, and the housing stock includes historic row houses, pre-war cooperatives, and modern condominiums, with Shore Road Park and the waterfront promenade to the west.
Bay Ridge Live Market Data
View NeighborhoodActive Listings
35
Median Asking Price
$1.30M
Median $/Sqft
$735
Avg Days on Market
N/A
New This Week
2
Price Reduced
31%
Sold (30 Days)
2
Median Sale Price
$509K
Live data from RLS at REBNY • Updated 5/4/26, 5:22 AM EST
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Location
551 82nd Street, Bay Ridge, Kings County • Near 6th Avenue/5th Avenue
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)
Want help estimating ownership costs or understanding building compliance? Let's discuss
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
This property has 10 bedrooms and 7 full bathrooms and 1 half bathroom.
The listed interior living area is 4,672 square feet. Verify dimensions independently during due diligence.
According to MLS records, the building was constructed in 1928, making it approximately 98 years old.
Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.
At the current list price of $1,510,000 for 4,672 sq ft, the asking price per square foot is approximately $323. This figure is for reference only and may differ from appraised or assessed values.
To schedule a private showing, contact Milton Coste at (917) 416-7433 or mcoste@kwnyc.com. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.
Have a question not answered here?
(917) 416-7433Listing Courtesy of Keller Williams Realty Empire - Hui-Bing Katie Wu
Listing Contact: (718) 954-8599
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.
RLS Data display by Keller Williams NYC. Data last updated on 5/4/2026 at 9:22 AM UTC