233 Bay Ridge Ave, Brooklyn, NY, 11220
About This Home
Open House Saturday, Aug 15th from 12 - 1pm Exceptional Two-Family Home (with conversion potential) in Desirable Northern Bay Ridge. This distinguished two-family residence at 233 Bay Ridge Avenue offers an outstanding investment or owner-occupancy opportunity in one of Brooklyn's most sought-after neighborhoods with significant development potential. The building comprises two spacious apartments, each offering approximately 1,000 square feet of thoughtfully designed living space. One unit is delivered vacant, providing flexibility for immediate owner occupancy or tenant placement. Each apartment features two generous bedrooms plus a versatile bonus room, well-appointed kitchens with granite-topped islands, abundant storage solutions, and full-size appliances. The property includes an additional asset of an above-grade basement that may present conversion opportunities under recent New York City zoning modifications, City's Local Law 126/127 Pilot Program, regarding residential space development. This feature could enhance property value and income potential through potential legal conversion into additional residential space. Prospective buyers should engage qualified architects and verify compliance with all local zoning requirements with the Department of Buildings before considering any basement conversion projects. Located in the prime section of Northern Bay Ridge, residents enjoy proximity to Owl's Head Park and Shore Road Park, offering waterfront recreation and harbor views. The vibrant community provides excellent dining options, convenient shopping one block away, and dog park facilities. The R train station at Bay Ridge Avenue ensures effortless Manhattan connectivity. This intimate two-family home combines rental income potential with neighborhood charm, making it an exceptional acquisition for investors or owner-operators seeking Bay Ridge's established community appeal. Schedule your viewing today.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Year built: 1925
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Property
Details
- Parcel number: 058620073
- Special condition: Resale
Features
- Patio & porch: Other
- Exterior features: Courtyard
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Kings County and New York
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,725 | $80,700 |
| Home Insurance * | $317 | $3,804 |
| Property Taxes | $620 | $7,440 |
| Electricity | $246 | $2,954 |
| Total | $7,908 | $94,896 |
Income You'd Need if You Spent...
New York FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-13 | Price change | $1,320,000 |
| 2026-07-17 | Listed for sale | $1,330,000 |
| 2010-04-28 | Sold | $599,000 |
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