Detached Two-Family
For Sale
$1,699,000
1344 Bay Ridge Parkway, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size1,855 SF
Lot Size0.07 Acres
Price / SF$915.90
Days on Market117
Property Features for 1344 Bay Ridge Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 4, Bathroom 2
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Dyker Heights
Standard status
Active
Size
1,855 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9607
Building Details
Year built
1920
Floors in Building
3
Flooring type
Laminate, Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Jun 16
Changed: Sep 29
Last Checked: Oct 10 at 2:06AM
MLS# 502347
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This detached two-family duplex contains 1,855 square feet on a 0.0712-acre lot. The upper duplex includes three bedrooms, a large living room, separate dining room, eat-in kitchen, and renovated full bathroom. A separate two-bedroom apartment occupies the first floor. The finished basement has its own entrance, while separate hot water heaters serve the residence. Interior finishes include hardwood, laminate, and tile flooring, with wall-unit A/C, a refrigerator, and stove. The home was built in 1920 with wood-frame construction and a shingle roof.
The property is located at 1344 Bay Ridge Parkway in Brooklyn’s 11228 postal area. A private driveway accommodates multiple cars, complemented by a detached garage and a large backyard. Shopping, restaurants, schools, and transportation are located nearby. The property is zoned R4-1.
The property is located at 1344 Bay Ridge Parkway in Brooklyn’s 11228 postal area. A private driveway accommodates multiple cars, complemented by a detached garage and a large backyard. Shopping, restaurants, schools, and transportation are located nearby. The property is zoned R4-1.
Key Highlights
- Two‑family layout with a three‑bedroom upper duplex and separate two‑bedroom first‑floor apartment
- 1,855 square feet on a 0.0712‑acre lot measuring 31'*100'
- Finished basement with separate entrance and large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,965
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,300
$1.3M
Cap Rate 7%
$928,071
$928.1K
Cap Rate 9%
$721,833
$721.8K
Market Conditions
NOI Build-Up for 1,855 SF
Gross rent
$94.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.8K $50.03/SF
− OpEx
−$27.8K −$15.01/SF
NOI
$65.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,299,300
Cap Rate 7%
$928,071
Cap Rate 9%
$721,833
Alternative Uses
Best Use
Multifamily LT 5
$928.1K
$812.1K – $1.08M
NOI $64,965 @ 7.0% cap · market cap 3.82%
Second Best
Apartment 5plus
$809.0K
$707.9K – $943.9K
NOI $56,631 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,516 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,079
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - R4-1-zoned residence with a separate lower apartment, private driveway, detached garage, and finished basement access.
Where is this duplex located?
The property is located at 1344 Bay Ridge Parkway 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: Two‑family layout with a three‑bedroom upper duplex and separate two‑bedroom first‑floor apartment; 1,855 square feet on a 0.0712‑acre lot measuring 31'*100'; Finished basement with separate entrance and large backyard
