Brick Duplex with Private
123 Bay 41st Street, Brooklyn, NY 11214
For Sale
New
$1,199,000
Residential, Brooklyn, NY
Property Size1,540 SF
Lot Size0.06 Acres
Price / SF$778.57
Days on Market3
Property Features for 123 Bay 41st Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
private driveway
built-in garage
oversized covered deck
landscaped backyard
skylights
wood cabinetry
granite countertops
stainless steel appliances
hardwood and tile flooring
separate gas boilers
paved backyard
patio
decorative stonework
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Jason Zhou · License NY JZ1320
(718) 612-3088
Added: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 506051
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.
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Investment Insights
Based on property information with market context.
This 1955 brick duplex contains two apartments, with hardwood and tile flooring and separate gas boilers. The upper unit has two bedrooms, with room to configure a third, plus skylights in the living room, kitchen, and a bedroom. Its rear bedroom opens to a covered deck. The lower apartment is arranged with one bedroom and could accommodate a second. The building measures 20 by 44 feet on a 25-by-97-foot lot, with 1,540 square feet of property area and 0.0562 acres. Recent work includes roof replacement, new sewer piping, an updated electrical panel, brick repointing, and new ceramic tile on the porches and deck.
A private driveway and built-in garage provide on-site parking. The rear grounds include a paved patio, decorative stonework, and landscaping. The property is in Brooklyn, NY, and carries R5 zoning.
A private driveway and built-in garage provide on-site parking. The rear grounds include a paved patio, decorative stonework, and landscaping. The property is in Brooklyn, NY, and carries R5 zoning.
Key Highlights
- Two‑family brick property built in 1955
- 1,540 square feet on a 0.0562‑acre lot
- Building measures 20x44 ft; lot measures 25x97 ft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,003
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$840,060
$840.1K
Cap Rate 7%
$600,043
$600.0K
Cap Rate 9%
$466,700
$466.7K
Market Conditions
NOI Build-Up for 1,540 SF
Gross rent
$62.8K $40.80/SF
− Vacancy
−$2.8K −$1.84/SF
EGI
$60.0K $38.96/SF
− OpEx
−$18.0K −$11.69/SF
NOI
$42.0K $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 Rate 5%
$840,060
Cap Rate 7%
$600,043
Cap Rate 9%
$466,700
Alternative Uses
Best Use
Multifamily LT 5
$600.0K
$525.0K – $700.1K
NOI $42,003 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$537.8K
$470.6K – $627.4K
NOI $37,644 @ 7.0% cap · market cap 3.14%
Theoretical Best
Office A
$898.4K
$786.1K – $1.05M
NOI $62,885 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,355
Businesses Nearby
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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
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two apartments have separate gas boilers, while a garage and landscaped outdoor areas add practical features.
Where is this duplex located?
The property is located at 123 Bay 41st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family brick property built in 1955; 1,540 square feet on a 0.0562‑acre lot; Building measures 20x44 ft; lot measures 25x97 ft
