Mixed-Use Building with
New
For Sale
$2,250,000
161 Bay 26th Street, Brooklyn, NY 11214
Two renovated three-bedroom apartments are arranged above ground-floor commercial space and a finished basement.
Property Size3,000 SF
Price / SF$750
Days on Market5
Property Features for 161 Bay 26th Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Ashford Homes LLC
Listed By:
Dan (Janie) Chen
(929) 364-1301
Source:
Prideestates
Added: Oct 1
Changed: Oct 2
Last Checked: Oct 4 at 5:36PM
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 mixed-use property at 161 Bay 26th Street in Brooklyn combines two renovated residential apartments, each with three bedrooms, with commercial space on the first floor. A finished basement adds to the building’s existing configuration.
The property is described as a corner building in the Bath Beach/Bensonhurst area. Its residential portion provides six bedrooms across the two apartments, alongside the ground-floor commercial component.
The property is described as a corner building in the Bath Beach/Bensonhurst area. Its residential portion provides six bedrooms across the two apartments, alongside the ground-floor commercial component.
Key Highlights
- Two renovated apartments, each with three bedrooms
- Six residential bedrooms across the two apartments
- Ground‑floor commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,333
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
$1.5M
Cap Rate 7%
$1,047,614
$1.0M
Cap Rate 9%
$814,811
$814.8K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$138.6K $46.20/SF
− Vacancy
−$5.3K −$1.76/SF
EGI
$133.3K $44.44/SF
− OpEx
−$60.0K −$20.00/SF
NOI
$73.3K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,466,660
Cap Rate 7%
$1,047,614
Cap Rate 9%
$814,811
Alternative Uses
Best Use
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 3.26%
Second Best
Mixed Use
$909.7K
$796.0K – $1.06M
NOI $63,682 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,504 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
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?
Mixed-use property - Two renovated three-bedroom apartments are arranged above ground-floor commercial space and a finished basement.
Where is this mixed-use property located?
The property is located at 161 Bay 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two renovated apartments, each with three bedrooms; Six residential bedrooms across the two apartments; Ground‑floor commercial space
