Duplex Home with Private
New
For Sale
$1,550,000
13 Bay 38th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,420 SF
Lot Size0.07 Acres
Price / SF$640.50
Days on Market3
Property Features for 13 Bay 38th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
2,420 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8771
Building Details
Year built
1925
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Block
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Alex S. Siu
(718) 382-0001
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 7:06AM
MLS# 503747
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 duplex contains 2420 square feet within a block-built residence constructed in 1925. The first-floor apartment has two bedrooms and one full bathroom, while the second-floor apartment provides three bedrooms and one full bathroom. The upper unit also connects to a private attic area. Hardwood flooring is installed throughout the home, and the fully finished basement includes an additional bathroom. A private driveway provides on-site parking, and the property is zoned R5.
The property is near 86th Street, with shops, restaurants, supermarkets, and everyday services nearby. Transit access includes the D train at 25th Avenue as well as B1 and B4 bus service. The property is located at 13 Bay 38th Street in Brooklyn, NY 11214.
The property is near 86th Street, with shops, restaurants, supermarkets, and everyday services nearby. Transit access includes the D train at 25th Avenue as well as B1 and B4 bus service. The property is located at 13 Bay 38th Street in Brooklyn, NY 11214.
Key Highlights
- Two‑unit duplex with a 2‑bedroom first‑floor unit and 3‑bedroom second‑floor unit
- 2420 square feet on 0.0666 acres
- Finished basement with an additional bathroom
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
$66,005
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
4.26%
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%
$1,320,100
$1.3M
Cap Rate 7%
$942,929
$942.9K
Cap Rate 9%
$733,389
$733.4K
Market Conditions
NOI Build-Up for 2,420 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
$98.7K $40.80/SF
− Vacancy
−$4.4K −$1.84/SF
EGI
$94.3K $38.96/SF
− OpEx
−$28.3K −$11.69/SF
NOI
$66.0K $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%
$1,320,100
Cap Rate 7%
$942,929
Cap Rate 9%
$733,389
Alternative Uses
Best Use
Multifamily LT 5
$942.9K
$825.1K – $1.10M
NOI $66,005 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$845.1K
$739.4K – $985.9K
NOI $59,155 @ 7.0% cap · market cap 3.82%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,820 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,561
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?
Duplex - Two residential units include a finished basement, attic access, and an additional bathroom.
Where is this duplex located?
The property is located at 13 Bay 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom first‑floor unit and 3‑bedroom second‑floor unit; 2420 square feet on 0.0666 acres; Finished basement with an additional bathroom
