Quadplex with Private Driveway
For Sale
$1,788,000
1640 Bath Ave, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,237 SF
Lot Size0.05 Acres
Price / SF$552.36
Days on Market146
Property Features for 1640 Bath Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Mixed Use
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 2
Subdivision
Bath Beach
View
City
Standard status
Active
Size
3,237 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2500
Utilities
Heating system
Steam, Hot Water(Heating), Natural Gas
Building Details
Year built
1926
Floors in Building
3
Flooring type
Hardwood
Roof type
Flat
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #40AN0957928
(718) 887-5708
Added: Mar 30
Changed: Aug 4
Last Checked: Aug 22 at 1:06PM
MLS# 11682551
Copyright © 2026 My State MLS. 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.
1640 Bath Ave presents a three-story quadplex configured as a 4-family building. The layout is described as a 2-bedroom/1-bedroom arrangement over a 2-bedroom unit, with an additional spacious 2-bedroom unit. The property includes an extra-large backyard and a private driveway that provides 2-car parking.
Built in 1926, the building features hardwood flooring and a flat roof. Heating is provided via steam and hot water systems, with natural gas listed as the fuel source.
With its compact site size (0.0475 acres) and building size of 3,237 square feet, this is positioned as a vacant income-producing property for end users and investors seeking a residential rental asset.
Built in 1926, the building features hardwood flooring and a flat roof. Heating is provided via steam and hot water systems, with natural gas listed as the fuel source.
With its compact site size (0.0475 acres) and building size of 3,237 square feet, this is positioned as a vacant income-producing property for end users and investors seeking a residential rental asset.
Key Highlights
- Three‑story, 4‑family quadplex at 1640 Bath Ave
- 0.0475‑acre lot and 3,237 SF building size
- Extra‑large backyard plus private driveway with 2‑car parking
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
$88,289
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
4.94%
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%
$1,765,780
$1.8M
Cap Rate 7%
$1,261,271
$1.3M
Cap Rate 9%
$980,989
$981.0K
Market Conditions
NOI Build-Up for 3,237 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
$132.1K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$126.1K $38.96/SF
− OpEx
−$37.8K −$11.69/SF
NOI
$88.3K $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%
$1,765,780
Cap Rate 7%
$1,261,271
Cap Rate 9%
$980,989
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,289 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.13M
$989.1K – $1.32M
NOI $79,127 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,181 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,607
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?
Quadplex - Four-family quadplex with hardwood floors, steam and natural gas heating, and a private driveway with 2-car parking.
Where is this quadplex located?
The property is located at 1640 Bath Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: Three‑story, 4‑family quadplex at 1640 Bath Ave; 0.0475‑acre lot and 3,237 SF building size; Extra‑large backyard plus private driveway with 2‑car parking
