Three-Story Quadplex with
For Sale
$1,788,000
1640 Bath Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,237 SF
Lot Size0.05 Acres
Price / SF$552.36
Days on Market189
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 5, Bedroom 3, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 4, Bathroom 2
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
Amenities
extra-large backyard
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 #VITLO524
(718) 887-5708
Added: Mar 27
Changed: Sep 30
Last Checked: Oct 1 at 3:06PM
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 quadplex contains 3,237 square feet and was built in 1926. The property includes four bathrooms, six bedrooms, hardwood flooring, a wood-frame structure, a flat roof, and kitchens equipped with refrigerators and stoves. The building was converted from a mixed-use property and is currently vacant. A spacious rear yard, private driveway, and garage provide additional site features, while the lot measures 0.0475 acres.
Located at 1640 Bath Avenue in Brooklyn, the property carries R4 zoning and includes two-car parking. The four-family layout offers residential income-property functionality, with the existing bedroom and bathroom count supporting multiple household configurations.
Located at 1640 Bath Avenue in Brooklyn, the property carries R4 zoning and includes two-car parking. The four-family layout offers residential income-property functionality, with the existing bedroom and bathroom count supporting multiple household configurations.
Key Highlights
- 3,237‑square‑foot quadplex on a 0.0475‑acre lot
- Four‑family, three‑story property with 6 bedrooms and 4 bathrooms
- Built in 1926; converted from a mixed‑use property
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
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Open Analytics
Current Use
Lease Details
4
Residential units
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Vacant four-family property with hardwood flooring, private parking, and a large rear yard.
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: 3,237‑square‑foot quadplex on a 0.0475‑acre lot; Four‑family, three‑story property with 6 bedrooms and 4 bathrooms; Built in 1926; converted from a mixed‑use property
