Vacant Brick
For Sale
$2,200,000
183 Bay 22nd Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$705.13
Days on Market82
Property Features for 183 Bay 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bathroom 1, Bedroom 3, Bedroom 8, Bedroom 10, Bedroom 1, Bedroom 9, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 4, Bedroom 7, Bathroom 2, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,120 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
16055
Building Details
Year built
1923
Floors in Building
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Elite
Listed By:
Eric C. Chan
(718) 690-3900
Added: Jul 20
Changed: Sep 29
Last Checked: Oct 9 at 6:06PM
MLS# 503004
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 semi-detached brick quadplex contains 3,120 square feet and was built in 1923 on a 0.0545-acre lot measuring 20 feet by 78 feet. The unit mix includes three three-bedroom, one-bath apartments and one one-bedroom, one-bath apartment. A fully finished basement with its own front entrance adds usable interior space. Ceramic and hardwood flooring, a flat roof, a refrigerator, and a stove are included. The property will be delivered fully vacant at closing and is zoned R5.
The property is near D train subway service and the shopping district along 86th Street, with supermarkets, banks, restaurants, and other neighborhood services nearby. The 62nd Police Precinct and an elementary school are also in the surrounding area.
The property is near D train subway service and the shopping district along 86th Street, with supermarkets, banks, restaurants, and other neighborhood services nearby. The 62nd Police Precinct and an elementary school are also in the surrounding area.
Key Highlights
- Four‑unit brick building with three 3‑bedroom apartments and one 1‑bedroom apartment
- 3,120 square feet on a 0.0545‑acre lot
- Fully finished basement with separate front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,097
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,701,940
$1.7M
Cap Rate 7%
$1,215,671
$1.2M
Cap Rate 9%
$945,522
$945.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$127.3K $40.80/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$121.6K $38.96/SF
− OpEx
−$36.5K −$11.69/SF
NOI
$85.1K $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 Rate 5%
$1,701,940
Cap Rate 7%
$1,215,671
Cap Rate 9%
$945,522
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,097 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,404 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,286
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four apartments, a finished basement, and separate access provide a flexible residential configuration.
Where is this quadplex located?
The property is located at 183 Bay 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Four‑unit brick building with three 3‑bedroom apartments and one 1‑bedroom apartment; 3,120 square feet on a 0.0545‑acre lot; Fully finished basement with separate front entrance
