Brick Semi-Detached
58 Bay 41st Street Brooklyn, NY 11214
58 Bay 41st Street, Brooklyn, NY, 11214
$1,699,000
Pending
For Sale
$1,699,000
Pending
Four spacious apartments in a brick semi-detached layout with hardwood and tile floors, plus a shared driveway.
Property Size2,646 SF
Days on Market591
Property Features for 58 Bay 41st Street
General Information
- Standard status
- Pending
- Size
- 2,646 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1929
Listing agency
Ben Bay Realty Co
(718) 680-6442
Listed by
Raffaele Luddeni
(718) 680-6442
Source
Exitrealty
Added: Dec 9, 2024 Updated: Jul 22 at 5:46PM Checked: Jul 22 at 5:46PM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This four-family, brick, semi-detached property offers four spacious apartments across two levels, with hardwood and tile flooring throughout. The first level includes two 1-bedroom apartments, while the second level includes a 2-bedroom apartment and a 1-bedroom apartment. The units also feature closet and storage space. Additional improvements include a back yard, a partial basement, and a shared driveway with room for 1 car.
Located in Bath Beach, the property provides quick access to establishments along Cropsey Avenue and Stillwell Avenue, as well as multiple schools, parks, and shopping options noted in the surrounding area. Transportation options include nearby D Train service at 25th Ave. and Bay 50th St. and N Train service at 86th St. and Ave. U, along with additional F Train access at Ave. U and Ave. X, plus B1, B3, B6, B64, B82, and B82-SBS bus routes.
The configuration supports a straightforward four-unit rental setup within a traditional brick semi-detached building, with parking limited to a single-car shared driveway and an outdoor back yard for tenant use where applicable.
Located in Bath Beach, the property provides quick access to establishments along Cropsey Avenue and Stillwell Avenue, as well as multiple schools, parks, and shopping options noted in the surrounding area. Transportation options include nearby D Train service at 25th Ave. and Bay 50th St. and N Train service at 86th St. and Ave. U, along with additional F Train access at Ave. U and Ave. X, plus B1, B3, B6, B64, B82, and B82-SBS bus routes.
The configuration supports a straightforward four-unit rental setup within a traditional brick semi-detached building, with parking limited to a single-car shared driveway and an outdoor back yard for tenant use where applicable.
Key Highlights
- 1929‑built, brick, semi‑detached 2‑family‑style layout with 4 total apartments
- Hardwood and tile floors throughout
- Apartment mix: two 1‑bedroom units on the first level, plus a 2‑bedroom and 1‑bedroom on the second level
Local 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 | $108.0k | $40.80 |
| − Vacancy | −$4.9k | −$1.84 |
| EGI | $103.1k | $38.96 |
| − OpEx | −$30.9k | −$11.69 |
| NOI | $72.2k | $27.27 |
2,646 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$902.1K – $1.20M
NOI $72,169 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$924.0K
$808.5K – $1.08M
NOI $64,680 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,048 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four spacious apartments in a brick semi-detached layout with hardwood and tile floors, plus a shared driveway.
Where is this quadplex located?
The property is located at 58 Bay 41st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 1929‑built, brick, semi‑detached 2‑family‑style layout with 4 total apartments; Hardwood and tile floors throughout; Apartment mix: two 1‑bedroom units on the first level, plus a 2‑bedroom and 1‑bedroom on the second level
