Vacant Two-Family
For Sale
$1,799,000
199 Bay 25th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,542 SF
Lot Size0.07 Acres
Price / SF$707.71
Days on Market53
Property Features for 199 Bay 25th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
2,542 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7591
Building Details
Year built
1920
Floors in Building
2
Flooring type
Ceramic, Granite
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Yifei (Eric) Zhao
(917) 708-9966
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 30 at 11:06AM
MLS# 502897
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 2,542-square-foot wood-frame duplex, built in 1920, contains two distinct living arrangements across multiple levels. One residence includes two bedrooms, a full bath, and a finished basement with its own entrance and an additional full bath. The upper duplex provides two bedrooms, a full bath, and a finished attic with another room and full bath. Granite and ceramic flooring, a refrigerator, stove, and shingle roofing are among the existing features. The property will be delivered vacant and includes a private parking space.
Set in Brooklyn, the property is near the D train, 86th Street shopping, supermarkets, restaurants, parks, and the Belt Parkway. R5 zoning and a 0.0666-acre lot support the property’s multifamily configuration.
Set in Brooklyn, the property is near the D train, 86th Street shopping, supermarkets, restaurants, parks, and the Belt Parkway. R5 zoning and a 0.0666-acre lot support the property’s multifamily configuration.
Key Highlights
- 2,542 square feet across a two‑family duplex
- 0.0666‑acre oversized lot measuring 30*95
- Vacant delivery with a private parking space
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
$69,333
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
3.85%
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%
$1,386,660
$1.4M
Cap Rate 7%
$990,471
$990.5K
Cap Rate 9%
$770,367
$770.4K
Market Conditions
NOI Build-Up for 2,542 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
$103.7K $40.80/SF
− Vacancy
−$4.7K −$1.84/SF
EGI
$99.0K $38.96/SF
− OpEx
−$29.7K −$11.69/SF
NOI
$69.3K $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%
$1,386,660
Cap Rate 7%
$990,471
Cap Rate 9%
$770,367
Alternative Uses
Best Use
Multifamily LT 5
$990.5K
$866.7K – $1.16M
NOI $69,333 @ 7.0% cap · market cap 3.85%
Second Best
Apartment 5plus
$887.7K
$776.7K – $1.04M
NOI $62,138 @ 7.0% cap · market cap 3.45%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,801 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
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
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 - Vacant multifamily property with flexible layouts, finished lower-level space, and private parking.
Where is this duplex located?
The property is located at 199 Bay 25th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: 2,542 square feet across a two‑family duplex; 0.0666‑acre oversized lot measuring 30*95; Vacant delivery with a private parking space
