Detached Legal Two-Family Brooklyn
For Sale
$1,490,000
Pending
13 Bay 38th St, Brooklyn, NY 11214
Well-maintained, detached legal two-family with parking and garage.
Property Size2,420 SF
Days on Market202
Property Features for 13 Bay 38th St
General Information
Standard status
Pending
Size
2,420 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,771
Building Details
Building Size
2,420 SF
Year Built
1925
Stories
3
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Source:
Elliman
Added: Apr 11
Changed: Oct 25
Last Checked: Oct 28 at 9:15AM
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 Momentum Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a well-maintained, detached legal two-family property featuring three floors plus a full finished basement. The property includes a private driveway with parking space for six or more cars, as well as a detached double car garage. The finished basement has 9-foot ceilings, a full bathroom, and separate front and back entrances.
Key Highlights
- Legal 2‑family detached home.
- Private driveway with parking for 6+ cars plus a detached double car garage.
- Full finished basement with 9‑foot ceilings, full bath, and separate front and back entrances.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,005
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,320,100
$1.3M
Cap Rate 7%
$942,929
$942.9K
Cap Rate 9%
$733,389
$733.4K
Market Conditions
NOI Build-Up for 2,420 SF
Gross rent
$98.7K $40.80/SF
− Vacancy
−$4.4K −$1.84/SF
EGI
$94.3K $38.96/SF
− OpEx
−$28.3K −$11.69/SF
NOI
$66.0K $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%
$1,320,100
Cap Rate 7%
$942,929
Cap Rate 9%
$733,389
Alternative Uses
Best Use
Multifamily LT 5
$942.9K
$825.1K – $1.10M
NOI $66,005 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$845.1K
$739.4K – $985.9K
NOI $59,155 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.41M
$1.24M – $1.65M
NOI $98,820 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,629
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained, detached legal two-family with parking and garage.
Where is this duplex located?
The property is located at 13 Bay 38th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Legal 2‑family detached home.; Private driveway with parking for 6+ cars plus a detached double car garage.; Full finished basement with 9‑foot ceilings, full bath, and separate front and back entrances.**
