Detached Three-Family Residential
1536 BATH Ave Brooklyn, NY 11228
New
1536 BATH Ave, Brooklyn, NY, 11228
$1,980,000
For Sale
$1,980,000
Fully detached three-family home with three apartments, a finished basement, private driveway, and large backyard.
Property Size3,720 SF
Price / SF$532.26
Days on Market2
Property Features for 1536 BATH Ave
General Information
- Standard status
- Active
- Size
- 3,720 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing agency
Ashford Homes LLC
(929) 364-1301
Listed by
Kawing Chiu · License #10301208208
(929) 364-1301
Source
Elliman
Added: Jul 20 Updated: Jul 21 at 10:44AM Checked: Jul 21 at 10:44AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
This fully detached three-family residence offers approximately 3,720 square feet of living space and includes three spacious apartments, along with a full finished basement. The property also features a private driveway and a large backyard.
Located in Brooklyn’s Dyker Heights area near shopping, restaurants, schools, parks, and public transportation, with bikeScore of 59 (Bikeable), walkScore of 85 (Very Walkable), and transitScore of 73 (Excellent Transit). Access to major highways is also noted.
The layout is designed to support three separate apartments within one building, complemented by the additional finished basement space and outdoor areas for day-to-day use.
Located in Brooklyn’s Dyker Heights area near shopping, restaurants, schools, parks, and public transportation, with bikeScore of 59 (Bikeable), walkScore of 85 (Very Walkable), and transitScore of 73 (Excellent Transit). Access to major highways is also noted.
The layout is designed to support three separate apartments within one building, complemented by the additional finished basement space and outdoor areas for day-to-day use.
Key Highlights
- Fully detached three‑family home built in 1920 in Brooklyn’s Dyker Heights neighborhood
- Approximately 3,720 sq ft of living space with three spacious apartments
- Full finished basement adds additional usable space
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.7k | $51.00 |
| − Vacancy | −$3.6k | −$0.97 |
| EGI | $186.1k | $50.03 |
| − OpEx | −$55.8k | −$15.01 |
| NOI | $130.3k | $35.02 |
3,720 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.86M
$1.63M – $2.17M
NOI $130,281 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$1.62M
$1.42M – $1.89M
NOI $113,568 @ 7.0% cap · market cap 5.74%
Theoretical Best
Specialty Retail
$3.08M
$2.70M – $3.59M
NOI $215,611 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully detached three-family home with three apartments, a finished basement, private driveway, and large backyard.
Where is this triplex located?
The property is located at 1536 BATH Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,980,000.
What are key features of this property?
This property features: Fully detached three‑family home built in 1920 in Brooklyn’s Dyker Heights neighborhood; Approximately 3,720 sq ft of living space with three spacious apartments; Full finished basement adds additional usable space
