Brick Duplex with Attached
For Sale
$1,888,888
40 Bay 46th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,945 SF
Lot Size0.06 Acres
Price / SF$641.39
Days on Market31
Property Features for 40 Bay 46th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
6
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 1, Bedroom 6, Bathroom 3, Bedroom 4, Bathroom 5, Bedroom 3, Bathroom 1, Bathroom 4, Bathroom 6, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 7
Parking features
Garage - Attached
Interior features
A/C Unit - Wall, A/C Unit - Window, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
2,945 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
12408
Building Details
Year built
1975
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Jason Sciulara
(718) 763-4110
Added: Aug 11
Changed: Sep 9
Last Checked: Sep 10 at 6:06AM
MLS# 503674
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 2,945-square-foot duplex is a 1975-built brick residence with 18 rooms, seven bedrooms, and six bathrooms. The home includes hardwood and tile flooring, wall and window A/C units, a laundry area, and a kitchen equipped with a dishwasher, dryer, microwave, refrigerator, stove, and washer. The interior has been updated, and the property is described as ready for occupancy.
The 0.0643-acre parcel includes two private driveways and an attached one-car garage. R5 zoning is identified for the property. Its address is 40 Bay 46th Street in Brooklyn, NY 11214.
The 0.0643-acre parcel includes two private driveways and an attached one-car garage. R5 zoning is identified for the property. Its address is 40 Bay 46th Street in Brooklyn, NY 11214.
Key Highlights
- 2,945 SF duplex on a 0.0643‑acre parcel
- 18‑room layout with 7 bedrooms and 6 bathrooms
- Brick construction dating to 1975
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
$80,324
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
4.25%
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%
$1,606,480
$1.6M
Cap Rate 7%
$1,147,486
$1.1M
Cap Rate 9%
$892,489
$892.5K
Market Conditions
NOI Build-Up for 2,945 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
$120.2K $40.80/SF
− Vacancy
−$5.4K −$1.84/SF
EGI
$114.7K $38.96/SF
− OpEx
−$34.4K −$11.69/SF
NOI
$80.3K $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%
$1,606,480
Cap Rate 7%
$1,147,486
Cap Rate 9%
$892,489
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.00M – $1.34M
NOI $80,324 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$1.03M
$899.9K – $1.20M
NOI $71,989 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,258 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,896
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
Check the figures for this property
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?
Duplex - Updated two-family residence offers seven bedrooms, six baths, two private driveways, and move-in-ready interiors.
Where is this duplex located?
The property is located at 40 Bay 46th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: 2,945 SF duplex on a 0.0643‑acre parcel; 18‑room layout with 7 bedrooms and 6 bathrooms; Brick construction dating to 1975
