Detached 3-Family
For Sale
$1,799,000
Pending
114 Bay 32nd St, Brooklyn, NY 11214
The property includes a private driveway and garage in a walkable, transit-accessible Brooklyn setting.
Property Size3,088 SF
Days on Market153
Property Features for 114 Bay 32nd St
General Information
Standard status
Pending
Size
3,088 SF
Property subtype
Investment
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$8,052
Building Details
Building Size
3,088 SF
Year Built
1920
Units
3
Listed By:
Rhykel Y. Rodriguez
(347) 608-7056
Source:
Elliman
Added: May 9
Changed: Sep 27
Last Checked: Oct 7 at 1:01PM
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 Rhykel Y. Rodriguez
Investment Insights
Based on property information with market context.
This detached triplex is configured as a three-family residence and includes both a driveway and garage. Built in 1920, the property is located at 114 Bay 32nd St in Brooklyn’s Bath Beach/Bensonhurst area.
The surrounding setting records a walk score of 83, a bike score of 67, and a transit score of 88, indicating strong pedestrian and public transportation access.
The surrounding setting records a walk score of 83, a bike score of 67, and a transit score of 88, indicating strong pedestrian and public transportation access.
Key Highlights
- Three‑family detached residential property
- Private driveway and garage
- Built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,225
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,684,500
$1.7M
Cap Rate 7%
$1,203,214
$1.2M
Cap Rate 9%
$935,833
$935.8K
Market Conditions
NOI Build-Up for 3,088 SF
Gross rent
$126.0K $40.80/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$120.3K $38.96/SF
− OpEx
−$36.1K −$11.69/SF
NOI
$84.2K $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 Rate 5%
$1,684,500
Cap Rate 7%
$1,203,214
Cap Rate 9%
$935,833
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,225 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$1.08M
$943.6K – $1.26M
NOI $75,484 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,097 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,449
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
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
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Frequently Asked Questions
What type of property is this?
Triplex - The property includes a private driveway and garage in a walkable, transit-accessible Brooklyn setting.
Where is this triplex located?
The property is located at 114 Bay 32nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Three‑family detached residential property; Private driveway and garage; Built in 1920
