Semi-Detached 4-Family Brick
183 Bay 22nd Street Brooklyn, NY 11214
New
183 Bay 22nd Street, Brooklyn, NY, 11214
$2,200,000
For Sale
$2,200,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,120 SF
Lot Size0.05 Acres
Price / SF$705.13
Days on Market2
Property Features for 183 Bay 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 9, Bedroom 6, Bedroom 1, Bedroom 10, Bedroom 4, Bedroom 5, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 2, Bathroom 5, Bedroom 8, Bedroom 3, Bedroom 7, Bathroom 1
- Interior features
- Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 3,120 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 16055
Building Details
- Year built
- 1923
- Floors in Building
- 2
- Flooring type
- Ceramic, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agency
RE/MAX Elite
(718) 690-3900
Listed by
Eric C. Chan
(718) 690-3900
Added: Jul 20 Checked: Jul 21 at 1:06PM
MLS# 503004
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 semi-detached brick 4-family home offers three spacious 3-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. A full finished basement with a separate front entrance provides additional usable space. The property is slated to be delivered fully vacant at closing.
Located in Brooklyn’s Bath Beach area, the home is described as being close to public transportation, including minutes away from the D train subway station. The remarks also cite convenient access to the 86th Street shopping district and nearby neighborhood services.
The building is positioned on a small lot and presented for sale as a multi-family investment or owner-occupant opportunity within R5 zoning.
Located in Brooklyn’s Bath Beach area, the home is described as being close to public transportation, including minutes away from the D train subway station. The remarks also cite convenient access to the 86th Street shopping district and nearby neighborhood services.
The building is positioned on a small lot and presented for sale as a multi-family investment or owner-occupant opportunity within R5 zoning.
Key Highlights
- Semi‑detached brick 4‑family home (20' x 78') with three 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit
- Full finished basement with a separate front entrance for additional usable space
- Delivered fully vacant at closing
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.3k | $40.80 |
| − Vacancy | −$5.7k | −$1.84 |
| EGI | $121.6k | $38.96 |
| − OpEx | −$36.5k | −$11.69 |
| NOI | $85.1k | $27.27 |
3,120 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,097 @ 7.0% cap · market cap 3.87%
Second Best
Apartment 5plus
$1.09M
$953.3K – $1.27M
NOI $76,267 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,404 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Semi-detached brick 4-family with three 3-bedroom units, one 1-bedroom unit, and a full finished basement.
Where is this quadplex located?
The property is located at 183 Bay 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Semi‑detached brick 4‑family home (20' x 78') with three 3‑bedroom, 1‑bath units and one 1‑bedroom, 1‑bath unit; Full finished basement with a separate front entrance for additional usable space; Delivered fully vacant at closing
