Vacant Two-Family Attached
For Sale
$1,289,000
Pending
250 Bay 14th St, Brooklyn, NY 11214
Vacant attached two-family with gated driveway parking and a three-year-old roof, ready for owner-occupancy or rental use.
Property Size1,890 SF
Days on Market94
Property Features for 250 Bay 14th St
General Information
Standard status
Pending
Size
1,890 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,323
Building Details
Building Size
1,890 SF
Year Built
1940
Stories
2
Tenancy
Multi
Listing Agency:
Robert Defalco Realty
Listed By:
Raymond J. Ebro · License #10311205932
(718) 987-7900
Source:
Elliman
Added: Jun 3
Changed: Aug 31
Last Checked: Sep 4 at 2:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Robert Defalco Realty
Investment Insights
Based on property information with market context.
This vacant two-family attached home is offered completely empty and move-in or rent-ready. The building layout provides two separate units with Unit 1 spanning the first and second levels, featuring three bedrooms, a full bathroom, a half bathroom, and living space throughout. Unit 2 is located on the third level and includes three rooms, a kitchen, a living room, and a full bathroom. A private gated driveway supports off-street parking, and the roof is reported to be approximately three years old.
The property is located in the Bath Beach section of Brooklyn, with access to nearby shopping, restaurants, schools, parks, public transportation, and major roadways. The surrounding area is described as an established residential neighborhood with tree-lined streets and community character, including proximity to waterfront areas.
With both units currently vacant, this home can fit a range of ownership goals, including owner-occupancy with rental income from the second unit or a straightforward multi-unit rental setup. The separate unit configuration and off-street parking provide practical day-to-day benefits for tenants or household members, while the relatively recent roof reduces immediate building-improvement concerns.
The property is located in the Bath Beach section of Brooklyn, with access to nearby shopping, restaurants, schools, parks, public transportation, and major roadways. The surrounding area is described as an established residential neighborhood with tree-lined streets and community character, including proximity to waterfront areas.
With both units currently vacant, this home can fit a range of ownership goals, including owner-occupancy with rental income from the second unit or a straightforward multi-unit rental setup. The separate unit configuration and off-street parking provide practical day-to-day benefits for tenants or household members, while the relatively recent roof reduces immediate building-improvement concerns.
Key Highlights
- Vacant attached two‑family home, delivered completely vacant for immediate owner‑occupancy or rental use
- Unit 1 spans the first and second levels with 3 bedrooms plus full and half bathrooms
- Unit 2 on the third level with 3 rooms, kitchen, living room, and a full bathroom
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
$51,549
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
4.00%
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%
$1,030,980
$1.0M
Cap Rate 7%
$736,414
$736.4K
Cap Rate 9%
$572,767
$572.8K
Market Conditions
NOI Build-Up for 1,890 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
$77.1K $40.80/SF
− Vacancy
−$3.5K −$1.84/SF
EGI
$73.6K $38.96/SF
− OpEx
−$22.1K −$11.69/SF
NOI
$51.5K $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%
$1,030,980
Cap Rate 7%
$736,414
Cap Rate 9%
$572,767
Alternative Uses
Best Use
Multifamily LT 5
$736.4K
$644.4K – $859.2K
NOI $51,549 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,200 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,177 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,625
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant attached two-family with gated driveway parking and a three-year-old roof, ready for owner-occupancy or rental use.
Where is this duplex located?
The property is located at 250 Bay 14th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: Vacant attached two‑family home, delivered completely vacant for immediate owner‑occupancy or rental use; Unit 1 spans the first and second levels with 3 bedrooms plus full and half bathrooms; Unit 2 on the third level with 3 rooms, kitchen, living room, and a full bathroom
