Detached Three-Unit
For Sale
$1,980,000
1536 Bath Avenue, Brooklyn, NY 11228
Residential, Triplex, Brooklyn, NY
Property Size3,720 SF
Lot Size0.10 Acres
Price / SF$532.26
Days on Market50
Property Features for 1536 Bath Avenue
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bathrooms
7
Full bathrooms
7
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bathroom 6
Interior features
A/C Unit, Microwave, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
3,720 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Annual Amount
9102
Amenities
full finished basement
private driveway
large backyard
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Asphalt
Architectural style
Other
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Kawing Chiu · License #10301208208
(718) 987-7900
Added: Jul 19
Changed: Aug 21
Last Checked: Sep 6 at 3:06PM
MLS# 503136
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 fully detached triplex contains three apartments within approximately 3,720 square feet of living space. The property includes a full finished basement, private driveway, and large backyard. Interior features include air-conditioning units, a microwave, refrigerator, and stove, with hardwood flooring and wood-frame construction. The asphalt roof and 1920 construction date further define the existing improvements.
Located at 1536 Bath Avenue in Brooklyn’s Dyker Heights neighborhood, the property is near shopping, restaurants, schools, parks, public transportation, and major highways. The 0.0985-acre lot provides the setting for the detached residence and its outdoor space.
Located at 1536 Bath Avenue in Brooklyn’s Dyker Heights neighborhood, the property is near shopping, restaurants, schools, parks, public transportation, and major highways. The 0.0985-acre lot provides the setting for the detached residence and its outdoor space.
Key Highlights
- Three apartments in a fully detached triplex
- Approximately 3,720 square feet of living space
- Full finished basement and large backyard
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
$130,281
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
6.58%
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%
$2,605,620
$2.6M
Cap Rate 7%
$1,861,157
$1.9M
Cap Rate 9%
$1,447,567
$1.4M
Market Conditions
NOI Build-Up for 3,720 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
$189.7K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$186.1K $50.03/SF
− OpEx
−$55.8K −$15.01/SF
NOI
$130.3K $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 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%
$2,605,620
Cap Rate 7%
$1,861,157
Cap Rate 9%
$1,447,567
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,781
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained multifamily property with three apartments, a finished basement, private driveway, and backyard.
Where is this triplex located?
The property is located at 1536 Bath Avenue 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: Three apartments in a fully detached triplex; Approximately 3,720 square feet of living space; Full finished basement and large backyard
