Brick Duplex with Finished
New
For Sale
$1,180,000
170 Bay 44th Street, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size1,806 SF
Lot Size0.05 Acres
Price / SF$653.38
Days on Market5
Property Features for 170 Bay 44th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 2, Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 3, Bathroom 1, Bedroom 3
Parking features
Driveway, Carport, Garage
Patio and Porch features
Deck, Patio
Fencing
Fenced
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Bath Beach
Standard status
Active
APN
6898-0064
Size
1,806 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9467
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Yongda Simon Liang · License #10301222336
(631) 721-9468
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 28 at 6:06AM
MLS# 2604798
Copyright © 2026 Staten Island Board of Realtors. 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 attached brick duplex contains 1,806 square feet across two stories and a full finished basement. The first residential level includes a combined living and dining area, kitchen, full bathroom, and two bedrooms, including one with backyard access. The upper dwelling offers three bedrooms, a full bathroom, kitchen, family room, dining area, and a second-floor deck.
The basement adds a family room, 3/4 bathroom, utility room, storage, and rear-yard access. Private parking is provided through a carport, built-in garage, and driveway. The property includes a fenced outdoor area and patio, public sewer service, natural-gas hot-water heating, two gas meters, and two electric meters. Built in 1950, the home has a roof that is 5 years old and is described as being in good condition.
The basement adds a family room, 3/4 bathroom, utility room, storage, and rear-yard access. Private parking is provided through a carport, built-in garage, and driveway. The property includes a fenced outdoor area and patio, public sewer service, natural-gas hot-water heating, two gas meters, and two electric meters. Built in 1950, the home has a roof that is 5 years old and is described as being in good condition.
Key Highlights
- 1,806‑square‑foot attached brick duplex on a 0.0459‑acre lot
- Two residential levels with a two‑bedroom lower dwelling and three‑bedroom upper dwelling
- Full finished basement includes family room, 3/4 bathroom, utilities room, and storage
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
$49,258
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
4.17%
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%
$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
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
$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 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%
$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 4.17%
Second Best
Apartment 5plus
$630.7K
$551.8K – $735.8K
NOI $44,147 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,747 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,728
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?
Duplex - Two-story attached income property with separate living arrangements, private parking, and outdoor areas.
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 $1,180,000.
What are key features of this property?
This property features: 1,806‑square‑foot attached brick duplex on a 0.0459‑acre lot; Two residential levels with a two‑bedroom lower dwelling and three‑bedroom upper dwelling; Full finished basement includes family room, 3/4 bathroom, utilities room, and storage
