Brick Quadplex with Finished
136 Bay 38th Street, Brooklyn, NY 11214
For Sale
New
$1,888,000
Residential, Brooklyn, NY
Property Size3,116 SF
Lot Size0.07 Acres
Price / SF$605.91
Days on Market1
Property Features for 136 Bay 38th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Tiger Realty
Listed By:
Xiaowei (Vivian) Zou
(917) 708-9966
Added: Nov 10
Last Checked: Nov 10 at 8:06PM
MLS# 505999
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.
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Investment Insights
Based on property information with market context.
This four-unit residential building contains 3,116 square feet and is scheduled to be delivered vacant. The apartment mix comprises three two-bedroom, one-bathroom units and one three-bedroom, one-bathroom unit. A finished basement adds usable interior space. Brick construction, hardwood flooring and a flat roof are also noted for the property.
Built in 1927, the building sits on a 0.0666-acre lot and carries R5 zoning. Its four-apartment configuration and stated unit mix provide a clear profile of the existing residential layout.
Built in 1927, the building sits on a 0.0666-acre lot and carries R5 zoning. Its four-apartment configuration and stated unit mix provide a clear profile of the existing residential layout.
Key Highlights
- Four‑unit building with three 2‑bedroom, 1‑bathroom apartments and one 3‑bedroom, 1‑bathroom apartment
- 3,116 square feet of building area
- Finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,988
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,699,760
$1.7M
Cap Rate 7%
$1,214,114
$1.2M
Cap Rate 9%
$944,311
$944.3K
Market Conditions
NOI Build-Up for 3,116 SF
Gross rent
$127.1K $40.80/SF
− Vacancy
−$5.7K −$1.84/SF
EGI
$121.4K $38.96/SF
− OpEx
−$36.4K −$11.69/SF
NOI
$85.0K $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%
$1,699,760
Cap Rate 7%
$1,214,114
Cap Rate 9%
$944,311
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.42M
NOI $84,988 @ 7.0% cap · market cap 4.50%
Second Best
Apartment 5plus
$1.09M
$952.1K – $1.27M
NOI $76,169 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,240 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,954
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
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Quadplexes in Brooklyn, NY
Properties on Market for Quadplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - All four apartments are scheduled to be vacant at delivery, with a finished basement below.
Where is this quadplex located?
The property is located at 136 Bay 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Four‑unit building with three 2‑bedroom, 1‑bathroom apartments and one 3‑bedroom, 1‑bathroom apartment; 3,116 square feet of building area; Finished basement
