New Construction Duplex with
For Sale
$1,400,000
Pending
166 Bay 53rd St, Brooklyn, NY 11214
Two residential units offer balconies, upgraded kitchens, separate electric meters, and a two-car built-in garage.
Property Size2,700 SF
Lot Size0.07 Acres
Days on Market119
Property Features for 166 Bay 53rd St
General Information
Standard status
Pending
Size
2,700 SF
Total Parking Spaces
2
Elevators
Yes
Lot size
0.07 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 2BR/1.5BA
Multifamily Units
2
Amenities
private backyard
balcony
ductless A/C
Building Details
Building Size
2,700 SF
Year Built
2022
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(917) 708-9966
Source:
Elliman
Added: Jul 2
Changed: Oct 26
Last Checked: Oct 26 at 3:32PM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
Completed in 2022, this three-story brick duplex contains two residential apartments with elevator access from the ground level to the first floor. The lower level includes a built-in two-car garage, tiled open space, and rear access to a private backyard. A two-bedroom first-floor apartment features a modern kitchen with custom cabinetry and granite countertops, a living room, full bathroom, and balcony. The second-floor apartment provides a larger living room, kitchen, two bedrooms, one-and-a-half bathrooms, and a separate balcony. Engineered vinyl flooring, bay windows, and a Samsung ductless A/C system are among the listed improvements. Three separate electric meters serve the property.
The residence is located at 166 Bay 53rd St in Brooklyn’s Gravesend neighborhood, near Six Diamonds Park, major highways, bus stops, shopping, banks, restaurants, and beaches. The property has a 20 × 50 building footprint on a 30 × 100 lot.
The residence is located at 166 Bay 53rd St in Brooklyn’s Gravesend neighborhood, near Six Diamonds Park, major highways, bus stops, shopping, banks, restaurants, and beaches. The property has a 20 × 50 building footprint on a 30 × 100 lot.
Key Highlights
- 2022‑built, three‑story brick duplex with elevator access
- Two apartments, each with 2 bedrooms and a private balcony
- Built‑in garage accommodates 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,642
Cap Rate
5.26%
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 5.26%
Second Best
Apartment 5plus
$942.9K
$825.0K – $1.10M
NOI $66,000 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$1.58M
$1.38M – $1.84M
NOI $110,253 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,919
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer balconies, upgraded kitchens, separate electric meters, and a two-car built-in garage.
Where is this duplex located?
The property is located at 166 Bay 53rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 2022‑built, three‑story brick duplex with elevator access; Two apartments, each with 2 bedrooms and a private balcony; Built‑in garage accommodates 2 cars
