New Construction Duplex with
For Sale
$1,200,000
164 Bay 53rd Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,700 SF
Lot Size0.05 Acres
Price / SF$444.44
Days on Market112
Property Features for 164 Bay 53rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Parking features
Garage
Interior features
Refrigerator
Subdivision
Coney Island
Standard status
Active
Size
2,700 SF
Lot size
0.05 Acres
Amenities
ductless A/C
engineered vinyl flooring
bay windows
private backyard
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(718) 256-4000
Added: Jun 24
Changed: Oct 10
Last Checked: Oct 13 at 1:06PM
MLS# 502557
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.
Built in 2022, this three-story brick duplex contains two residential apartments with elevator access from the ground level to the first floor. The 2,700-square-foot property includes a lower level with a two-car garage, tiled open space, and a rear exit to the private backyard. The first-floor apartment has two bedrooms, a full bathroom, a living room, custom cabinetry, granite kitchen counters, and a balcony. The second-floor apartment provides two bedrooms, one and a half bathrooms, a larger living room, a kitchen, and a separate balcony. Ductless A/C, engineered vinyl flooring, hardwood, bay windows, and three separate electric meters are included.
The property is located in Brooklyn near Six Diamonds Park, bus stops, shopping, banks, restaurants, beaches, and major highways. R4 zoning and a 20 * 100 lot complement the two-family configuration.
The property is located in Brooklyn near Six Diamonds Park, bus stops, shopping, banks, restaurants, beaches, and major highways. R4 zoning and a 20 * 100 lot complement the two-family configuration.
Key Highlights
- 2,700‑square‑foot brick duplex completed in 2022
- Two apartments with 2 bedrooms each and private balconies
- Elevator access from the ground level to the first floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,642
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,840
$1.5M
Cap Rate 7%
$1,052,029
$1.1M
Cap Rate 9%
$818,244
$818.2K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$110.2K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$105.2K $38.96/SF
− OpEx
−$31.6K −$11.69/SF
NOI
$73.6K $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%
$1,472,840
Cap Rate 7%
$1,052,029
Cap Rate 9%
$818,244
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.5K – $1.23M
NOI $73,642 @ 7.0% cap · market cap 6.14%
Second Best
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,253 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,744
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 - Two residential units offer private balconies, modern kitchens, and separate electric metering.
Where is this duplex located?
The property is located at 164 Bay 53rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,700‑square‑foot brick duplex completed in 2022; Two apartments with 2 bedrooms each and private balconies; Elevator access from the ground level to the first floor
