Brick Triplex With Finished
For Sale
$2,495,000
125 Bay 29th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,350 SF
Lot Size0.07 Acres
Price / SF$744.78
Days on Market99
Property Features for 125 Bay 29th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 8, Bathroom 5, Bedroom 7, Bathroom 2, Bedroom 1, Bedroom 6, Bedroom 5, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 9, Bedroom 10, Bedroom 3, Bathroom 4, Bedroom 4
Interior features
Laundry Area, Refrigerator, Terrace
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
3,350 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
13760
Amenities
finished basement
separate entrance
split AC units
Building Details
Year built
2008
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
ChaoHui Andrew Chen
(718) 612-3088
Added: Jul 20
Changed: Oct 21
Last Checked: Oct 26 at 3:06AM
MLS# 503168
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 brick triplex was built in 2008 and contains 3,350 square feet within 3.5 floors above ground plus a finished basement. The first-floor residence has 3 bedrooms and 1 bathroom; the second includes 3 bedrooms and 2 full bathrooms; and the third offers 4 bedrooms and 2 full bathrooms. The lower level has an 8-foot ceiling and its own entrance. Each residence has independent utilities, supported by 4 heating systems, 4 hot water tanks, 4 electric meters, and 4 gas meters. Split AC units are also installed.
The building measures 21' x 50' on a 30' x 97' lot at 125 Bay 29th Street in Brooklyn, NY 11214. Additional features include hardwood and tile flooring, a flat roof, laundry area, refrigerators, and a terrace. Full possession is available at closing.
The building measures 21' x 50' on a 30' x 97' lot at 125 Bay 29th Street in Brooklyn, NY 11214. Additional features include hardwood and tile flooring, a flat roof, laundry area, refrigerators, and a terrace. Full possession is available at closing.
Key Highlights
- 3,350‑square‑foot triplex built in 2008
- Three residences with 10 bedrooms and 5 bathrooms
- Finished basement with separate entrance and 8‑foot height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,371
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,827,420
$1.8M
Cap Rate 7%
$1,305,300
$1.3M
Cap Rate 9%
$1,015,233
$1.0M
Market Conditions
NOI Build-Up for 3,350 SF
Gross rent
$136.7K $40.80/SF
− Vacancy
−$6.2K −$1.84/SF
EGI
$130.5K $38.96/SF
− OpEx
−$39.2K −$11.69/SF
NOI
$91.4K $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%
$1,827,420
Cap Rate 7%
$1,305,300
Cap Rate 9%
$1,015,233
Alternative Uses
Best Use
Multifamily LT 5
$1.31M
$1.14M – $1.52M
NOI $91,371 @ 7.0% cap · market cap 3.66%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,889 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,796 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,449
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer separate utilities, multiple bedrooms, and a dedicated basement entrance.
Where is this triplex located?
The property is located at 125 Bay 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,495,000.
What are key features of this property?
This property features: 3,350‑square‑foot triplex built in 2008; Three residences with 10 bedrooms and 5 bathrooms; Finished basement with separate entrance and 8‑foot height
