Bensonhurst Multi-Family
46 Bay 37th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property size:
4,224 SFLot size:
0.07 AcresPrice / SF:
$520/SF- Added:
- Mar 23, 2026
- Days on Market:
- 65
- Last Refresh:
- May 26 at 9:06 am
Property Features for 46 Bay 37th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 9, Bedroom 8, Bedroom 6, Bathroom 2
- Patio and Porch features
- Deck, Porch
- Interior features
- Deck, Porch, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 4,224 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 25352
Building Details
- Year built
- 1963
- Floors in Building
- 3
- Number of units
- 4
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
Listing agent Michelle J. Zhang (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Mar 23, 2026
MLS# 499882
Listing URL
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.
HighLights
- Fully detached, all‑brick multi‑family home in prime Bensonhurst location near 86th Street.
- Strong income potential with two one‑bedroom apartments on the first floor and spacious layouts on upper floors.
- Private driveway and dedicated parking in a desirable Brooklyn location.
- Finished basement with separate entrance, laundry area, and additional usable space.
- Large lot (3097) and building size (2264) offering exceptional space and functionality.
- Convenient access to 86th Street shopping, restaurants, transportation (D train), parks, and schools.
Overview
This is a fully detached, all-brick multi-family home located in Bensonhurst, Brooklyn, near 86th Street. The property is situated on a 30*97 lot and features a 22*64 building. The home includes three full floors and a finished basement, along with a private driveway and dedicated parking. The first floor contains two one-bedroom apartments. The second floor features a three-bedroom, one-bath layout with a formal living room and dining room. The top floor offers a four-bedroom layout with a separate living room and dining area. The finished basement, with a separate entrance, includes a laundry area, mechanical room, and additional usable space. Gas and electric are separately metered. The property is conveniently located near 86th Street shopping, restaurants, banks, supermarkets, and everyday essentials, and is a short distance to the D train, parks, and schools. It is suitable for end-users, multi-generational families, or investors seeking rental income in Brooklyn. The property size is 4224 square feet and the lot size is 0.0668 acres.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.28M
NOI $115,209 @ 9.00% cap · cautious / downside scenario
Moderate
$1.65M
NOI $115,209 @ 7.00% cap · market / base-case scenario
Aggressive
$2.30M
NOI $115,209 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.3k | $40.80 |
| − Vacancy | −$7.8k | −$1.84 |
| EGI | $164.6k | $38.96 |
| − OpEx | −$49.4k | −$11.69 |
| NOI | $115.2k | $27.27 |
4,224 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,209 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,253 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.46M
$2.16M – $2.87M
NOI $172,485 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.989847
- Latitude
- 40.598002
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Detached multi-family home in prime Brooklyn location.
Where is this quadplex located?
The property is located at 46 Bay 37th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: Fully detached, all‑brick multi‑family home in prime Bensonhurst location near 86th Street.; Strong income potential with two one‑bedroom apartments on the first floor and spacious layouts on upper floors.; Private driveway and dedicated parking in a desirable Brooklyn location.
