4-Unit Quadplex with Private
For Sale
$1,788,000
1640 Bath Avenue, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size3,237 SF
Lot Size0.05 Acres
Price / SF$552.36
Days on Market140
Property Features for 1640 Bath Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bedroom 5
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bensonhurst
Standard status
Active
Size
3,237 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9747
Building Details
Year built
1926
Floors in Building
3
Number of units
4
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #40AN0957928
(718) 532-2000
Added: Mar 27
Changed: Aug 5
Last Checked: Aug 13 at 8:06AM
MLS# 499816
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 three-story 4-unit quadplex is built with wood frame construction and has a flat roof. The property is vacant and designed as end-user and/or investor housing, with the unit mix described as a two-bedroom, 1-bedroom over 2-bedroom, and a spacious two-bedroom configuration. Inside, you’ll find hardwood flooring and kitchen essentials including a refrigerator and stove. The home also features multiple bedrooms and bathrooms spread throughout the layout, along with an extra-large backyard.
Set on a 0.0475-acre lot, the property includes a private driveway with 2-car parking. It is zoned R4 and totals 3,237 square feet. Built in 1926, the building’s core materials and finishes include wood frame structure and hardwood floors.
With a compact lot size, on-site parking, and a four-family configuration under R4 zoning, the property supports straightforward residential operations for a qualified buyer.
Set on a 0.0475-acre lot, the property includes a private driveway with 2-car parking. It is zoned R4 and totals 3,237 square feet. Built in 1926, the building’s core materials and finishes include wood frame structure and hardwood floors.
With a compact lot size, on-site parking, and a four-family configuration under R4 zoning, the property supports straightforward residential operations for a qualified buyer.
Key Highlights
- Vacant three‑story 4‑unit quadplex with four‑family layout
- 0.0475‑acre lot and 3,237 SF total building area
- Private driveway with 2‑car parking plus extra‑large backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,289
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,765,780
$1.8M
Cap Rate 7%
$1,261,271
$1.3M
Cap Rate 9%
$980,989
$981.0K
Market Conditions
NOI Build-Up for 3,237 SF
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.
Gross rent
$132.1K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$126.1K $38.96/SF
− OpEx
−$37.8K −$11.69/SF
NOI
$88.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,765,780
Cap Rate 7%
$1,261,271
Cap Rate 9%
$980,989
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,289 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.13M
$989.1K – $1.32M
NOI $79,127 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.89M
$1.65M – $2.20M
NOI $132,181 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,607
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three-story 4-unit quadplex on a small lot with an extra-large backyard and private driveway for 2 cars.
Where is this quadplex located?
The property is located at 1640 Bath Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,788,000.
What are key features of this property?
This property features: Vacant three‑story 4‑unit quadplex with four‑family layout; 0.0475‑acre lot and 3,237 SF total building area; Private driveway with 2‑car parking plus extra‑large backyard
