Spacious Two-Family
For Sale
$1,280,000
Pending
301 Bay 20th St, Brooklyn, NY 11214
Two-family home with bright interiors, versatile layouts, and a built-in garage.
Property Size1,561 SF
Days on Market56
Property Features for 301 Bay 20th St
General Information
Standard status
Pending
Size
1,561 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,811
Building Details
Building Size
1,561 SF
Year Built
1945
Stories
1
Listing Agency:
RE/MAX Real Estate Professionals
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jul 3
Changed: Aug 26
Last Checked: Aug 26 at 10:35AM
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 RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
This spacious two-family residence offers bright interiors and flexible living arrangements designed to support more than one household under one roof. The property includes a built-in garage, adding practical off-street parking convenience.
Located at 301 Bay 20th St in Brooklyn, the home scores 78 for both bikeability and walkability, with a transit score of 66, which can support everyday mobility options.
For buyers seeking a home with built-in separation between living spaces, or an income-focused setup, the configuration and layout flexibility make it a useful fit for a range of residential goals.
Located at 301 Bay 20th St in Brooklyn, the home scores 78 for both bikeability and walkability, with a transit score of 66, which can support everyday mobility options.
For buyers seeking a home with built-in separation between living spaces, or an income-focused setup, the configuration and layout flexibility make it a useful fit for a range of residential goals.
Key Highlights
- Two‑family home built in 1945
- Bright interiors with versatile living arrangements
- Built‑in garage
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
$42,576
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
3.33%
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%
$851,520
$851.5K
Cap Rate 7%
$608,229
$608.2K
Cap Rate 9%
$473,067
$473.1K
Market Conditions
NOI Build-Up for 1,561 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
$63.7K $40.80/SF
− Vacancy
−$2.9K −$1.84/SF
EGI
$60.8K $38.96/SF
− OpEx
−$18.2K −$11.69/SF
NOI
$42.6K $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%
$851,520
Cap Rate 7%
$608,229
Cap Rate 9%
$473,067
Alternative Uses
Best Use
Multifamily LT 5
$608.2K
$532.2K – $709.6K
NOI $42,576 @ 7.0% cap · market cap 3.33%
Second Best
Apartment 5plus
$545.1K
$477.0K – $636.0K
NOI $38,158 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$910.6K
$796.8K – $1.06M
NOI $63,743 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,792
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 - Two-family home with bright interiors, versatile layouts, and a built-in garage.
Where is this duplex located?
The property is located at 301 Bay 20th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Two‑family home built in 1945; Bright interiors with versatile living arrangements; Built‑in garage
