Two-Family Duplex with
For Sale
$1,499,000
156 Bay 46th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,052 SF
Lot Size0.06 Acres
Price / SF$730.51
Days on Market59
Property Features for 156 Bay 46th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Interior features
A/C Unit
Basement
Finished
Subdivision
Bath Beach
Standard status
Active
Size
2,052 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10302
Building Details
Year built
1962
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Bove Real Estate
Listed By:
Alphonse J. Bove · License #AB1851
(718) 680-3333
Added: Aug 13
Changed: Oct 2
Last Checked: Oct 10 at 9:06AM
MLS# 503765
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 two-family duplex is a brick-built residential property completed in 1962. The building contains 2052 square feet on a 0.0632-acre lot, with hardwood flooring, A/C unit, and a flat roof. A finished basement with its own entrance adds flexible interior space for recreation, office use, or storage. The property also includes a private driveway.
Located at 156 Bay 46th Street in Brooklyn, the home is near the D train, local and express bus service, waterfront parks, schools, restaurants, and shopping and dining along 86th Street. The property carries R5 zoning and is identified within ZIP Code 11214.
Located at 156 Bay 46th Street in Brooklyn, the home is near the D train, local and express bus service, waterfront parks, schools, restaurants, and shopping and dining along 86th Street. The property carries R5 zoning and is identified within ZIP Code 11214.
Key Highlights
- Two‑family duplex with 2052 square feet of building area
- 0.0632‑acre lot with a private driveway
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,968
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,119,360
$1.1M
Cap Rate 7%
$799,543
$799.5K
Cap Rate 9%
$621,867
$621.9K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$83.7K $40.80/SF
− Vacancy
−$3.8K −$1.84/SF
EGI
$80.0K $38.96/SF
− OpEx
−$24.0K −$11.69/SF
NOI
$56.0K $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%
$1,119,360
Cap Rate 7%
$799,543
Cap Rate 9%
$621,867
Alternative Uses
Best Use
Multifamily LT 5
$799.5K
$699.6K – $932.8K
NOI $55,968 @ 7.0% cap · market cap 3.73%
Second Best
Apartment 5plus
$716.6K
$627.0K – $836.0K
NOI $50,160 @ 7.0% cap · market cap 3.35%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,793 @ 7.0% cap · market cap 5.59%
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
1,311
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
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Brick construction, hardwood flooring, and a finished basement with separate access add functional space.
Where is this duplex located?
The property is located at 156 Bay 46th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two‑family duplex with 2052 square feet of building area; 0.0632‑acre lot with a private driveway; Finished basement with a separate entrance
