Brick Two-Family
For Sale
$1,250,000
170 Bay 44th Street, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size1,806 SF
Lot Size0.05 Acres
Price / SF$692.14
Days on Market39
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 2, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2
Parking features
Garage, Carport, Driveway
Patio and Porch features
Patio, Deck
Fencing
Fenced
Basement
Finished, Full
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
Hot Water(Heating), Natural Gas
Amenities
deck
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Building materials
Brick
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Yongda Simon Liang · License #15254
(631) 721-9468
Added: Aug 24
Changed: Sep 30
Last Checked: Oct 1 at 3:06PM
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, with a two-bedroom residence on the first level and a three-bedroom unit above. The lower unit has a combined living and dining area, kitchen, full bathroom, and access to the backyard from one bedroom. The upper unit includes an updated kitchen, a family room and dining area, a full bathroom, and access to a second-floor deck. A finished basement adds a family room, three-quarter bathroom, utility room, storage, and a rear exit. The roof is 5 years old, and the property has two gas meters and two electric meters.
The 21-by-97-foot lot includes a private carport and built-in garage. The property also has driveway parking, a patio, and fenced outdoor space. It was built in 1950 and is zoned R5.
The 21-by-97-foot lot includes a private carport and built-in garage. The property also has driveway parking, a patio, and fenced outdoor space. It was built in 1950 and is zoned R5.
Key Highlights
- Two‑family brick building with 1,806 square feet
- Two‑bedroom first‑floor unit and three‑bedroom upper unit
- Finished basement with family room, 3/4 bathroom, utility room, storage, and rear exit
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
3.94%
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%
$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 3.94%
Second Best
Apartment 5plus
$630.7K
$551.8K – $735.8K
NOI $44,147 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.05M
$921.8K – $1.23M
NOI $73,747 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Separate gas and electric meters serve the two-family residence, with garage and carport parking on site.
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 $1,250,000.
What are key features of this property?
This property features: Two‑family brick building with 1,806 square feet; Two‑bedroom first‑floor unit and three‑bedroom upper unit; Finished basement with family room, 3/4 bathroom, utility room, storage, and rear exit
