3-Family Residential Income
125 Bay 29th Street Brooklyn, NY 11214
New
For Sale
$2,495,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,350 SF
Lot Size0.07 Acres
Price / SF$744.78
Days on Market7
Property Features for 125 Bay 29th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 3, Bedroom 10, Bedroom 2, Bedroom 9, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 4, Bedroom 8, Bedroom 1, Bedroom 6, Bedroom 4
- Interior features
- Laundry Area, Refrigerator, Terrace
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,350 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 13760
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
(718) 612-3088
Listed By:
ChaoHui Andrew Chen
(718) 612-3088
Added: Jul 20
Changed: Jul 23
Last Checked: Jul 26 at 2:06PM
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.
Investment Insights
Based on property information with market context.
This 3-family residential income property was built in 2008 and received a Certificate of Occupancy in 2014. The building includes 3.5 floors above ground and a fully finished basement with a separate entrance and approximately 8-foot height. Unit layouts include three bedrooms and one bathroom on the first floor, three bedrooms and two full bathrooms on the second floor, and four bedrooms with two full bathrooms on the third floor.
Additional features include independent utilities for each unit, with four separate heating systems, four hot water tanks, four electric meters, and four gas meters. Split AC units are also included. The property is described as being in move-in condition, and full possession is granted at closing.
Located at 125 Bay 29th Street in Brooklyn, NY 11214, the building measures 21' x 50' and sits on a 30' x 97' lot.
Additional features include independent utilities for each unit, with four separate heating systems, four hot water tanks, four electric meters, and four gas meters. Split AC units are also included. The property is described as being in move-in condition, and full possession is granted at closing.
Located at 125 Bay 29th Street in Brooklyn, NY 11214, the building measures 21' x 50' and sits on a 30' x 97' lot.
Key Highlights
- 3‑family home built in 2008 with Certificate of Occupancy (C.O.) issued in 2014
- Unit layout: first floor 3BR/1BA; second floor 3BR/2BA; third floor 4BR/2BA
- Fully finished basement with separate entrance and 8‑foot height
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $136.7k | $40.80 |
| − Vacancy | −$6.2k | −$1.84 |
| EGI | $130.5k | $38.96 |
| − OpEx | −$39.2k | −$11.69 |
| NOI | $91.4k | $27.27 |
3,350 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three units plus a fully finished basement with separate entrance and independent utilities for each unit.
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‑family home built in 2008 with Certificate of Occupancy (C.O.) issued in 2014; Unit layout: first floor 3BR/1BA; second floor 3BR/2BA; third floor 4BR/2BA; Fully finished basement with separate entrance and 8‑foot height
