Brick Duplex with
For Sale
$1,198,000
170 Bay 44th Street, Brooklyn, NY 11214
Two-story duplex with a finished basement, separate utility meters, and private covered parking.
Property Size1,806 SF
Lot Size0.05 Acres
Price / SF$663.34
Days on Market62
Property Features for 170 Bay 44th Street
General Information
Standard status
Active
Size
1,806 SF
Lot size
0.05 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
carport parking
deck
Building Details
Year Built
1950
Stories
2
Construction
brick
Listing Agency:
Real Broker NY LLC
Listed By:
Yongda Liang · License #15254
(631) 721-9468
Source:
Movetonewjersey
Added: Aug 26
Changed: Oct 25
Last Checked: Oct 23 at 3:52AM
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 Real Broker NY LLC
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Investment Insights
Based on property information with market context.
This two-family brick duplex at 170 Bay 44th Street includes 1,806 square feet across two stories and a full finished basement. The first residence offers a living and dining area, kitchen, full bathroom, and two oversized bedrooms, including one with backyard access. The second residence has three bedrooms, a full bathroom, kitchen, and combined family and dining room, plus access to a second-floor deck.
The basement adds a family room, three-quarter bathroom, utility room, storage area, and a rear exit. Private carport parking and a built-in garage provide on-site vehicle accommodation. The property has two gas meters and two electric meters, and the roof is 5 years old. Built in 1950, the home is described as being in good condition.
The basement adds a family room, three-quarter bathroom, utility room, storage area, and a rear exit. Private carport parking and a built-in garage provide on-site vehicle accommodation. The property has two gas meters and two electric meters, and the roof is 5 years old. Built in 1950, the home is described as being in good condition.
Key Highlights
- 1,806‑square‑foot two‑family brick duplex
- 21 by 43 house dimension on a 21 by 97 lot
- Two stories with a full finished basement and rear exit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,258
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$985,160
$985.2K
Cap Rate 7%
$703,686
$703.7K
Cap Rate 9%
$547,311
$547.3K
Market Conditions
NOI Build-Up for 1,806 SF
Gross rent
$73.7K $40.80/SF
− Vacancy
−$3.3K −$1.84/SF
EGI
$70.4K $38.96/SF
− OpEx
−$21.1K −$11.69/SF
NOI
$49.3K $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 Rate 5%
$985,160
Cap Rate 7%
$703,686
Cap Rate 9%
$547,311
Alternative Uses
Best Use
Multifamily LT 5
$703.7K
$615.7K – $821.0K
NOI $49,258 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$630.7K
$551.8K – $735.8K
NOI $44,147 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,747 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex with a finished basement, separate utility meters, and private covered parking.
Where is this duplex located?
The property is located at 170 Bay 44th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: 1,806‑square‑foot two‑family brick duplex; 21 by 43 house dimension on a 21 by 97 lot; Two stories with a full finished basement and rear exit
