Three-Family Home with
For Sale
$2,088,000
8614 Bay 16th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,180 SF
Lot Size0.04 Acres
Price / SF$656.60
Days on Market41
Property Features for 8614 Bay 16th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
9
Bathrooms
5
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 1, Bathroom 4, Bedroom 7, Bathroom 5, Bedroom 9, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 8
Parking features
Garage
Interior features
A/C Unit - Wall
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
3,180 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6111
Building Details
Year built
2002
Floors in Building
3
Number of units
3
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Added: Aug 2
Changed: Sep 5
Last Checked: Sep 11 at 12:06PM
MLS# 503463
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 3,180-square-foot brick triplex contains three residential units, each arranged with 3 bedrooms. The first-floor residence has 1 full bathroom, while the second- and third-floor units each include 1.5 bathrooms. Hardwood flooring, wall-mounted A/C units, a finished basement, a flat roof, and garage parking are among the property’s physical features. Constructed in 2002, the home sits on a 0.0444-acre lot and is zoned R5.
The property is located at 8614 Bay 16th Street in Brooklyn’s 11214 postal area. Shopping, restaurants, public transportation, and schools are identified in the surrounding area, providing access to several everyday services and transit options.
The property is located at 8614 Bay 16th Street in Brooklyn’s 11214 postal area. Shopping, restaurants, public transportation, and schools are identified in the surrounding area, providing access to several everyday services and transit options.
Key Highlights
- 3,180‑square‑foot brick triplex with three residential units
- Each unit includes 3 bedrooms
- Bathroom configuration includes 1 full bath on the first floor and 1.5 baths on the second and third floors
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
$86,734
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
4.15%
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%
$1,734,680
$1.7M
Cap Rate 7%
$1,239,057
$1.2M
Cap Rate 9%
$963,711
$963.7K
Market Conditions
NOI Build-Up for 3,180 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
$129.7K $40.80/SF
− Vacancy
−$5.8K −$1.84/SF
EGI
$123.9K $38.96/SF
− OpEx
−$37.2K −$11.69/SF
NOI
$86.7K $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%
$1,734,680
Cap Rate 7%
$1,239,057
Cap Rate 9%
$963,711
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,734 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$1.11M
$971.7K – $1.30M
NOI $77,733 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.86M
$1.62M – $2.16M
NOI $129,854 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,492
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms, with a finished basement and R5 zoning.
Where is this triplex located?
The property is located at 8614 Bay 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,088,000.
What are key features of this property?
This property features: 3,180‑square‑foot brick triplex with three residential units; Each unit includes 3 bedrooms; Bathroom configuration includes 1 full bath on the first floor and 1.5 baths on the second and third floors
