Triplex with Fully Finished
For Sale
$2,495,000
125 Bay 29th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,350 SF
Lot Size0.07 Acres
Price / SF$744.78
Days on Market24
Property Features for 125 Bay 29th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 5, Bedroom 8, Bathroom 3, Bedroom 5, Bedroom 6, Bedroom 4, Bedroom 7, Bedroom 3, Bedroom 9, Bathroom 2, Bathroom 4, Bedroom 10, Bedroom 1, Bathroom 1, Bedroom 2
Interior features
Laundry Area, Refrigerator, Terrace
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
3,350 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
13760
Building Details
Year built
2008
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
ChaoHui Andrew Chen
(718) 612-3088
Added: Jul 20
Changed: Aug 4
Last Checked: Aug 12 at 1:06AM
MLS# 503168
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-family triplex was built in 2008 and features 3.5 floors above ground, plus a fully finished basement. The basement has a separate entrance with an 8-foot height. The unit layout includes a first floor with 3 bedrooms and 1 bathroom, a second floor with 3 bedrooms and 2 full bathrooms, and a third floor with 4 bedrooms and 2 full bathrooms. Each unit has independent utilities, including 4 separate heating systems, 4 hot water tanks, 4 electric meters, and 4 gas meters. Split AC units are also included.
The property is a brick building with a flat roof. Interior amenities include a laundry area, refrigerator, and terrace, and the floors are finished with tile and hardwood. The building measures 21' x 50' on a 30' x 97' lot and has full possession granted at closing.
A Certificate of Occupancy (C.O.) was issued in 2014 for the home.
The property is a brick building with a flat roof. Interior amenities include a laundry area, refrigerator, and terrace, and the floors are finished with tile and hardwood. The building measures 21' x 50' on a 30' x 97' lot and has full possession granted at closing.
A Certificate of Occupancy (C.O.) was issued in 2014 for the home.
Key Highlights
- Three‑family triplex built in 2008 with C.O. issued in 2014
- Fully finished basement with separate entrance and 8‑foot height
- Independent utilities per unit: 4 heating systems, 4 hot water tanks, 4 electric meters, 4 gas meters
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,371
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,827,420
$1.8M
Cap Rate 7%
$1,305,300
$1.3M
Cap Rate 9%
$1,015,233
$1.0M
Market Conditions
NOI Build-Up for 3,350 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$136.7K $40.80/SF
− Vacancy
−$6.2K −$1.84/SF
EGI
$130.5K $38.96/SF
− OpEx
−$39.2K −$11.69/SF
NOI
$91.4K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,827,420
Cap Rate 7%
$1,305,300
Cap Rate 9%
$1,015,233
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,371 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,889 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,796 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three-family triplex built in 2008 with independent utilities for each unit and separate-entry basement.
Where is this triplex located?
The property is located at 125 Bay 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: Three‑family triplex built in 2008 with C.O. issued in 2014; Fully finished basement with separate entrance and 8‑foot height; Independent utilities per unit: 4 heating systems, 4 hot water tanks, 4 electric meters, 4 gas meters
