164 Bay 53rd Street Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
- Added:
- Jun 24, 2026
- Days on Market:
- 20
- Last Refresh:
- Jul 13 at 9:06 pm
Property Features for 164 Bay 53rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
- Parking features
- Garage
- Interior features
- Refrigerator
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.05 Acres
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Emily Hui Chen-Liang (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Jun 24, 2026
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.
The property is located in a Gravesend neighborhood setting in Brooklyn. It is described as being close to Six Diamonds Park, major highways, bus stops, shopping, banks, restaurants, and beaches, supporting convenient commuting and everyday amenities.
The first-floor unit is a bright two-bedroom apartment with a modern kitchen featuring custom cabinets and granite countertops, a living room, a full bathroom, and a private balcony. The second-floor apartment offers a larger living room, a kitchen, two bedrooms, 1.5 bathrooms, and its own balcony. With three separate electric meters, the residence is set up to support distinct utility separation between units while maintaining a streamlined shared building configuration.
Key Highlights
- Newer 3‑story, 2‑family brick residence built in 2022 with elevator access from ground level to the first floor
- 20 ft x 50 ft building on a 20 ft x 100 ft lot, with flat roof and hardwood and tile flooring
- Lower level includes a built‑in 2‑car garage plus a spacious open area with tile flooring and rear door to a private backyard
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.2k | $40.80 |
| − Vacancy | −$5.0k | −$1.84 |
| EGI | $105.2k | $38.96 |
| − OpEx | −$31.6k | −$11.69 |
| NOI | $73.6k | $27.27 |
