Detached 3-Family Residential
For Sale
$1,850,000
Pending
160 Bay 28th St, Brooklyn, NY 11214
Fully detached three-family property with three separate apartments, private driveway parking, and a finished basement with a separate entrance.
Property Size3,432 SF
Lot Size0.09 Acres
Days on Market180
Property Features for 160 Bay 28th St
General Information
Standard status
Pending
Size
3,432 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Zoning
R5 with C2-2 overlay
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,043
Amenities
front terrace
floor-to-ceiling windows
finished basement with separate entrance
backyard
Building Details
Building Size
3,432 SF
Year Built
1925
Stories
3
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Oct 17
Last Checked: Oct 23 at 8:13AM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
This fully detached three-family building includes three separate apartments, each with its own kitchen and living/dining areas. The first floor features a two-bedroom unit that can be converted into a three-bedroom configuration. The second floor offers a four-bedroom layout with floor-to-ceiling front windows, and the top floor provides a spacious three-bedroom apartment with a large front terrace. The property also includes a finished basement accessed via a separate entrance.
A private 12-foot wide driveway provides off-street parking for 4+ cars, and there is an expansive backyard. The building is zoned R5 with a C2-2 overlay, with an indicated maximum buildable area of approximately 6,018 square feet (buyers should verify with their architect).
Serviced by nearby transit options and with access to the Belt Parkway, the property is described as being located just minutes from the D train and multiple bus lines, with schools, parks, restaurants, and everyday conveniences nearby.
A private 12-foot wide driveway provides off-street parking for 4+ cars, and there is an expansive backyard. The building is zoned R5 with a C2-2 overlay, with an indicated maximum buildable area of approximately 6,018 square feet (buyers should verify with their architect).
Serviced by nearby transit options and with access to the Belt Parkway, the property is described as being located just minutes from the D train and multiple bus lines, with schools, parks, restaurants, and everyday conveniences nearby.
Key Highlights
- 1925‑built fully detached 3‑family home with three separate apartments and own kitchens
- Approx. 26×50 building size on a 42×97 lot, plus a finished basement with a separate entrance
- Top‑floor 3‑bedroom unit with a large front terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,607
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,872,140
$1.9M
Cap Rate 7%
$1,337,243
$1.3M
Cap Rate 9%
$1,040,078
$1.0M
Market Conditions
NOI Build-Up for 3,432 SF
Gross rent
$140.0K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$133.7K $38.96/SF
− OpEx
−$40.1K −$11.69/SF
NOI
$93.6K $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%
$1,872,140
Cap Rate 7%
$1,337,243
Cap Rate 9%
$1,040,078
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,607 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,893 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$2.00M
$1.75M – $2.34M
NOI $140,144 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,199
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Fully detached three-family property with three separate apartments, private driveway parking, and a finished basement with a separate entrance.
Where is this triplex located?
The property is located at 160 Bay 28th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 1925‑built fully detached 3‑family home with three separate apartments and own kitchens; Approx. 26×50 building size on a 42×97 lot, plus a finished basement with a separate entrance; Top‑floor 3‑bedroom unit with a large front terrace
