Duplex with Central
For Sale
$1,198,000
6807 Bay Cliff Terrace, Brooklyn, NY 11220
Residential, Duplex, Brooklyn, NY
Property Size1,710 SF
Lot Size0.03 Acres
Price / SF$700.58
Days on Market247
Property Features for 6807 Bay Cliff Terrace
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Interior features
Central Air - Split, Dishwasher, Laundry Area, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bay Ridge
Standard status
Active
Size
1,710 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7647
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Century 21 Realty First
(718) 758-5838
Listed By:
Girolamo S. Grillo
(718) 236-7100
Added: Jan 5
Changed: Sep 6
Last Checked: Sep 9 at 1:06AM
MLS# 498167
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.
Brick duplex on a 19 ft x 77.08 ft lot in Bay Ridge, with a building size of 19 ft x 30 ft. The home includes a duplex layout with 3 bedrooms and 1.5 bathrooms, plus a separate kitchen, living room, and dining area. Interior features include a central air split system, dishwasher, refrigerator, stove, and a dedicated laundry area. Flooring includes hardwood and tile.
A community driveway provides one parking space. The roof is described as flat with rubber roofing.
Built in 1925, the property is zoned R3-2 and includes the listed rooms: bedroom 1, bedroom 2, bedroom 3, bathroom 1, and bathroom 2.
A community driveway provides one parking space. The roof is described as flat with rubber roofing.
Built in 1925, the property is zoned R3-2 and includes the listed rooms: bedroom 1, bedroom 2, bedroom 3, bathroom 1, and bathroom 2.
Key Highlights
- Brick duplex building size of 19 ft x 30 ft on a 19 ft x 77.08 ft lot (0.0336 acres)
- Duplex layout with 3 bedrooms and 1.5 bathrooms plus separate kitchen, living room, and dining area
- Central air split system plus dishwasher, refrigerator, stove, and laundry area
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
$45,600
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
3.81%
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%
$912,000
$912.0K
Cap Rate 7%
$651,429
$651.4K
Cap Rate 9%
$506,667
$506.7K
Market Conditions
NOI Build-Up for 1,710 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
$86.2K $50.40/SF
− Vacancy
−$3.3K −$1.92/SF
EGI
$82.9K $48.48/SF
− OpEx
−$37.3K −$21.82/SF
NOI
$45.6K $26.67/SF
Area
ZIP 11220
Vacancy
3.80%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
45.00%
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%
$912,000
Cap Rate 7%
$651,429
Cap Rate 9%
$506,667
Alternative Uses
Best Use
Apartment 5plus
$651.4K
$570.0K – $760.0K
NOI $45,600 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$970.0K – $1.29M
NOI $77,598 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Brick duplex on a small lot with central air split system and one community driveway parking space, zoned R3-2.
Where is this single family property located?
The property is located at 6807 Bay Cliff Terrace Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Brick duplex building size of 19 ft x 30 ft on a 19 ft x 77.08 ft lot (0.0336 acres); Duplex layout with 3 bedrooms and 1.5 bathrooms plus separate kitchen, living room, and dining area; Central air split system plus dishwasher, refrigerator, stove, and laundry area
