Duplex with Separate
For Sale
$1,260,000
152 Bay 40th Street, Brooklyn, NY 11214
SINGLE_FAMILY - Brooklyn, NY
Property Size1,764 SF
Lot Size0.04 Acres
Price / SF$714.29
Days on Market113
Property Features for 152 Bay 40th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Interior features
A/C Unit, Dishwasher, Dryer, Porch, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
1,764 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8112
Amenities
split-unit systems
community driveway
Building Details
Year built
1965
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: May 6
Changed: Aug 4
Last Checked: Aug 26 at 7:06AM
MLS# 501203
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.
Brick duplex home with a 2-family layout and separate entrances, featuring duplex living across the 1st and 2nd floors. The top floor includes three bedrooms and a full bathroom over a formal living room, with an eat-in kitchen on the same level. On the main level, there’s a rear laundry room and a half bathroom. The basement offers a separate front entrance and additional space, bringing the home to a total of five bedrooms and 2.5 bathrooms throughout.
Additional property features include four split-unit systems for air conditioning and supplemental heating. A porch is included, along with interior finishes such as hardwood and tile flooring. The roof is flat, and the property was built in 1965. The home sits on a 0.0399-acre lot with a community driveway that provides up to 2 parking spots.
Configured for multi-level living with multiple entries, the layout supports flexible day-to-day use while keeping the duplex arrangement intact.
Additional property features include four split-unit systems for air conditioning and supplemental heating. A porch is included, along with interior finishes such as hardwood and tile flooring. The roof is flat, and the property was built in 1965. The home sits on a 0.0399-acre lot with a community driveway that provides up to 2 parking spots.
Configured for multi-level living with multiple entries, the layout supports flexible day-to-day use while keeping the duplex arrangement intact.
Key Highlights
- Brick duplex with a 2‑family layout and separate entrances
- Total of five bedrooms and 2.5 bathrooms
- Four split‑unit systems for air conditioning and supplemental heating
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
$48,113
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
3.82%
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%
$962,260
$962.3K
Cap Rate 7%
$687,329
$687.3K
Cap Rate 9%
$534,589
$534.6K
Market Conditions
NOI Build-Up for 1,764 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
$72.0K $40.80/SF
− Vacancy
−$3.2K −$1.84/SF
EGI
$68.7K $38.96/SF
− OpEx
−$20.6K −$11.69/SF
NOI
$48.1K $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%
$962,260
Cap Rate 7%
$687,329
Cap Rate 9%
$534,589
Alternative Uses
Best Use
Multifamily LT 5
$687.3K
$601.4K – $801.9K
NOI $48,113 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$616.0K
$539.0K – $718.7K
NOI $43,120 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.03M
$900.4K – $1.20M
NOI $72,032 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,355
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 - Brick duplex home on R5 zoning with separate entrances and total five bedrooms plus 2.5 bathrooms.
Where is this duplex located?
The property is located at 152 Bay 40th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Brick duplex with a 2‑family layout and separate entrances; Total of five bedrooms and 2.5 bathrooms; Four split‑unit systems for air conditioning and supplemental heating
