Three-Story Two-Family Brick
164 Bay 53rd Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property size:
2,700 SFLot size:
0.05 AcresPrice / SF:
$537/SF- Added:
- Jun 24, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 4 at 7:06 pm
Property Features for 164 Bay 53rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2
- Parking features
- Garage
- Interior features
- Refrigerator
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.05 Acres
Building Details
- Year built
- 2022
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agent Emily Hui Chen-Liang (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Jun 24, 2026
MLS# 502557
Listing URL
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.
HighLights
- New construction 3‑story, 2‑family brick residence built in 2022 with elevator access from ground level to the first floor
- Layout includes a built‑in 2‑car garage plus a spacious lower‑level open area with tile flooring
- Lower level offers a rear door to a private backyard and versatile space for an office, recreation room, home theater, or additional bedrooms
- First‑floor unit: 2 bedrooms, modern kitchen with custom cabinets and granite countertops, full bath, and private balcony
- Second‑floor unit: larger living room, kitchen, 2 bedrooms, 1.5 bathrooms, and its own balcony
- Utilities include 3 separate electric meters, plus premium Samsung ductless A/C; flooring includes hardwood, tile, and engineered vinyl
Overview
This newly constructed three-story, two-family brick residence is designed for flexible day-to-day living, with elevator access from the ground level to the first floor. The building includes premium interior finishes such as engineered vinyl flooring and bay windows across the first and second floors, along with a premium Samsung ductless A/C system. The lower level offers a built-in two-car garage plus a spacious open area with elegant tile flooring, and it has a rear door leading to a private backyard.
The property is located in a Gravesend neighborhood setting in Brooklyn. It is described as being close to Six Diamonds Park, major highways, bus stops, shopping, banks, restaurants, and beaches, supporting convenient commuting and everyday amenities.
The first-floor unit is a bright two-bedroom apartment with a modern kitchen featuring custom cabinets and granite countertops, a living room, a full bathroom, and a private balcony. The second-floor apartment offers a larger living room, a kitchen, two bedrooms, 1.5 bathrooms, and its own balcony. With three separate electric meters, the residence is set up to support distinct utility separation between units while maintaining a streamlined shared building configuration.
The property is located in a Gravesend neighborhood setting in Brooklyn. It is described as being close to Six Diamonds Park, major highways, bus stops, shopping, banks, restaurants, and beaches, supporting convenient commuting and everyday amenities.
The first-floor unit is a bright two-bedroom apartment with a modern kitchen featuring custom cabinets and granite countertops, a living room, a full bathroom, and a private balcony. The second-floor apartment offers a larger living room, a kitchen, two bedrooms, 1.5 bathrooms, and its own balcony. With three separate electric meters, the residence is set up to support distinct utility separation between units while maintaining a streamlined shared building configuration.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $110.2k | $40.80 |
| − Vacancy | −$5.0k | −$1.84 |
| EGI | $105.2k | $38.96 |
| − OpEx | −$31.6k | −$11.69 |
| NOI | $73.6k | $27.27 |
2,700 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$920.5K – $1.23M
NOI $73,642 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,253 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.988121
- Latitude
- 40.582989
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Newly built two-family brick residence with elevator access, balconies, and a two-car garage.
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 $1,450,000.
What are key features of this property?
This property features: New construction 3‑story, 2‑family brick residence built in 2022 with elevator access from ground level to the first floor; Layout includes a built‑in 2‑car garage plus a spacious lower‑level open area with tile flooring; Lower level offers a rear door to a private backyard and versatile space for an office, recreation room, home theater, or additional bedrooms
