Property Prices in Bay Ridge, Brooklyn (11220)

Analysis of recent property sales — NYC Department of Finance data, all 5 boroughs

Last updated: 03/13/2026
$1,200,000
Median Price
$1,642,286
Average Price
549
Transactions
$575
Avg. Price / Sq Ft

Average Property Price in Bay Ridge

The average property price in Bay Ridge, Brooklyn (11220) is $1,642,286, based on 549 transactions recorded by the NYC Department of Finance. The median price is $1,200,000, giving a price range from $40,000 to $21,400,000.

The average price per square foot is $575.

Transaction Volume (Last 12 Months)

25-01 25-04 25-07 25-10

Recent Sales

Date Price Type Address Sq Ft $/Sq Ft
2025-12-23 $1,380,000 2-Family 327 Bay Ridge Avenue 2,722 $507
2025-12-23 $1,398,000 Walk-up 847 Bay Ridge Avenue 4,860 $288
2025-12-23 $670,000 Condo 779 47Th Street, 4C — —
2025-12-23 $354,900 Condo 611 53Rd Street, 3A — —
2025-12-19 $990,000 2-Family 709 66 Street 1,620 $611
2025-12-19 $1,670,000 2-Family 870 58 Street 2,916 $573
2025-12-19 $1,480,000 2-Family 527 57 Street 1,648 $898
2025-12-18 $1,200,000 Condo 849 57 Street, 801 — —

NYC Transfer Tax Calculator for 11220

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NYC Transfer Tax
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NYS Transfer Tax
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Mansion Tax
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Total Transfer Taxes
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Effective Rate

NYC RPTT: 1% (≤$500K) or 1.425% (>$500K). NYS: 0.4%. Mansion Tax: 1% (≥$1M). Does not include mortgage recording tax.

Estimated Rental Yield in Bay Ridge

3.2%
Estimated Gross Rental Yield
Based on median price of $1,200,000 and average Brooklyn monthly rent of $3,200/month ($38,400/year).
Source: NYC rental market averages. Actual yields vary by property type and condition.
View all 549 comparable sales →

Nearby ZIP Codes in Brooklyn

11201
Boerum Hill 11203
Brooklyn-Unknown 11204
Bensonhurst 11205
Bedford Stuyvesant 11206
Bedford Stuyvesant 11207
Brooklyn-Unknown

Frequently Asked Questions

What is the average property price in 11220?
The average property price in Bay Ridge, Brooklyn (11220) is $1,642,286, with a median price of $1,200,000. This is based on 549 recent transactions recorded by the NYC Department of Finance.
How many properties were sold in 11220?
There have been 549 property transactions recorded in Bay Ridge, Brooklyn (11220) in the most recent data period, according to NYC Department of Finance records.
What are the transfer taxes when buying property in NYC?
When buying property in NYC, you may owe: NYC Real Property Transfer Tax (1% for sales ≤$500K, 1.425% for sales >$500K), New York State Transfer Tax (0.4%), and Mansion Tax (1% for sales ≥$1M, with higher brackets above $2M). Use the calculator above for an estimate.
What is the rental yield in 11220?
The estimated gross rental yield in Bay Ridge, Brooklyn (11220) is 3.2%, calculated from a median property price of $1,200,000 and average Brooklyn rents of $3,200/month.