Brick Two-Family
For Sale
$999,000
334 Bay 13th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size1,240 SF
Lot Size0.05 Acres
Price / SF$805.65
Days on Market203
Property Features for 334 Bay 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1
Interior features
Refrigerator, Stove
Subdivision
Bath Beach
Standard status
Active
Size
1,240 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9577
Amenities
laundry room
back patio
fenced yard
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Brick
Roof type
Flat
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
(718) 514-1720
Added: Feb 16
Changed: Sep 5
Last Checked: Sep 7 at 2:06PM
MLS# 498983
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 brick two-family property offers 1,240 square feet on a 0.0464-acre lot and was built in 1945. The primary residence is arranged as a three-bedroom duplex with a separate laundry room, while the lower level contains a one-bedroom apartment. Hardwood and carpet flooring, a flat roof, a refrigerator, and a stove are included.
Outdoor features include a rear patio, fenced private yard, and parking for multiple vehicles. The property is near Dyker Beach Park, Bath Beach Park, and the Shore Parkway Greenway Trail. Shops, restaurants, buses, and trains along 86th Street are nearby, with Belt Parkway access and a water view also noted.
Outdoor features include a rear patio, fenced private yard, and parking for multiple vehicles. The property is near Dyker Beach Park, Bath Beach Park, and the Shore Parkway Greenway Trail. Shops, restaurants, buses, and trains along 86th Street are nearby, with Belt Parkway access and a water view also noted.
Key Highlights
- Three‑bedroom duplex plus separate one‑bedroom apartment
- 1,240 square feet on a 0.0464‑acre lot
- R4 zoning and 1945 construction
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
$33,821
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
3.39%
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%
$676,420
$676.4K
Cap Rate 7%
$483,157
$483.2K
Cap Rate 9%
$375,789
$375.8K
Market Conditions
NOI Build-Up for 1,240 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
$50.6K $40.80/SF
− Vacancy
−$2.3K −$1.84/SF
EGI
$48.3K $38.96/SF
− OpEx
−$14.5K −$11.69/SF
NOI
$33.8K $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%
$676,420
Cap Rate 7%
$483,157
Cap Rate 9%
$375,789
Alternative Uses
Best Use
Multifamily LT 5
$483.2K
$422.8K – $563.7K
NOI $33,821 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$433.0K
$378.9K – $505.2K
NOI $30,311 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$723.4K
$632.9K – $843.9K
NOI $50,635 @ 7.0% cap · market cap 5.07%
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
1,625
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned duplex with a separate apartment, private yard, rear parking, and outdoor living areas.
Where is this duplex located?
The property is located at 334 Bay 13th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑bedroom duplex plus separate one‑bedroom apartment; 1,240 square feet on a 0.0464‑acre lot; R4 zoning and 1945 construction
