Renovated Three-Unit Brick
New
For Sale
$1,999,000
2062 Bath Ave, Brooklyn, NY 11214
Three-story multifamily property with a finished basement and separate utility systems for each residence.
Property Size2,850 SF
Days on Market6
Property Features for 2062 Bath Ave
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Multi Family
Net Operating Income
$121,200
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Additional Details
Gross Income
$135,600
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,300
Building Details
Building Size
2,850 SF
Year Built
1920
Year Renovated
2025
Buildings
1
Stories
3
Construction
brick
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Source:
Elliman
Added: Aug 21
Changed: Aug 23
Last Checked: Aug 25 at 9:41AM
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 Edge
Investment Insights
Based on property information with market context.
This renovated brick triplex contains three residential units arranged across three stories, with a finished basement adding an additional full bathroom. Each apartment includes three bedrooms and two full bathrooms. The property underwent renovation in 2025, including updated plumbing, electrical and gas lines, windows, roof, kitchens, bathrooms, and flooring.
Separate heating systems, split heating and cooling equipment, individual hot water heaters, four electric meters, and three gas meters support the three-unit configuration. Tenants pay their own utilities. The property is located at 2062 Bath Ave, Brooklyn, NY 11214, near the D train and 86th Street shopping. Walk Score is 95, Transit Score is 75, and Bike Score is 56. Built in 1920.
Separate heating systems, split heating and cooling equipment, individual hot water heaters, four electric meters, and three gas meters support the three-unit configuration. Tenants pay their own utilities. The property is located at 2062 Bath Ave, Brooklyn, NY 11214, near the D train and 86th Street shopping. Walk Score is 95, Transit Score is 75, and Bike Score is 56. Built in 1920.
Key Highlights
- Three‑family brick property with three stories and a finished basement
- Each unit includes 3 bedrooms and 2 full bathrooms
- Renovated in 2025 with new roof, windows, kitchens, bathrooms, flooring, plumbing, electrical and gas lines
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
$77,733
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
3.89%
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%
$1,554,660
$1.6M
Cap Rate 7%
$1,110,471
$1.1M
Cap Rate 9%
$863,700
$863.7K
Market Conditions
NOI Build-Up for 2,850 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
$116.3K $40.80/SF
− Vacancy
−$5.2K −$1.84/SF
EGI
$111.0K $38.96/SF
− OpEx
−$33.3K −$11.69/SF
NOI
$77.7K $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%
$1,554,660
Cap Rate 7%
$1,110,471
Cap Rate 9%
$863,700
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.7K – $1.30M
NOI $77,733 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$995.2K
$870.8K – $1.16M
NOI $69,667 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,378 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,199
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?
Triplex - Three-story multifamily property with a finished basement and separate utility systems for each residence.
Where is this triplex located?
The property is located at 2062 Bath Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three‑family brick property with three stories and a finished basement; Each unit includes 3 bedrooms and 2 full bathrooms; Renovated in 2025 with new roof, windows, kitchens, bathrooms, flooring, plumbing, electrical and gas lines
