Detached Duplex with Private
New
For Sale
$1,588,000
62 Bay 35th St, Brooklyn, NY 11214
Separate utility meters and multiple entrances support flexible use across the home’s two-level layout.
Property Size2,720 SF
Lot Size0.07 Acres
Days on Market6
Property Features for 62 Bay 35th St
General Information
Standard status
Active
Size
2,720 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,887
Amenities
private driveway
detached garage
private outdoor space
Building Details
Building Size
2,720 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Aug 19
Changed: Aug 24
Last Checked: Aug 24 at 9:49AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This fully detached duplex includes a three-bedroom main level with direct basement access and a two-bedroom upper level reached through its own entrance. The property sits on an approximately 30-foot by 97-foot lot and includes a long private driveway, rear detached garage, and outdoor space. Separate metering is provided for heat, hot water, gas, and electric, allowing each utility to be managed independently.
The property is located minutes from the 86th Street commercial corridor, with supermarkets, restaurants, retail, banking, schools, and neighborhood services nearby. D subway service is available at the 86th Street and Bay Parkway stations. The home is also rated Walker’s Paradise with a walkScore of 96, while its bikeScore is 67 and transitScore is 86.
The property is located minutes from the 86th Street commercial corridor, with supermarkets, restaurants, retail, banking, schools, and neighborhood services nearby. D subway service is available at the 86th Street and Bay Parkway stations. The home is also rated Walker’s Paradise with a walkScore of 96, while its bikeScore is 67 and transitScore is 86.
Key Highlights
- Three‑bedroom main level plus two‑bedroom upper level with separate access
- Approximately 30 feet by 97 feet lot
- Long private driveway with room for multiple vehicles
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
$74,187
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
4.67%
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%
$1,483,740
$1.5M
Cap Rate 7%
$1,059,814
$1.1M
Cap Rate 9%
$824,300
$824.3K
Market Conditions
NOI Build-Up for 2,720 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
$111.0K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$106.0K $38.96/SF
− OpEx
−$31.8K −$11.69/SF
NOI
$74.2K $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%
$1,483,740
Cap Rate 7%
$1,059,814
Cap Rate 9%
$824,300
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.3K – $1.24M
NOI $74,187 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$949.8K
$831.1K – $1.11M
NOI $66,489 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,070 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,494
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 - Separate utility meters and multiple entrances support flexible use across the home’s two-level layout.
Where is this duplex located?
The property is located at 62 Bay 35th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: Three‑bedroom main level plus two‑bedroom upper level with separate access; Approximately 30 feet by 97 feet lot; Long private driveway with room for multiple vehicles
