Two-Family Duplex with Central
For Sale
$1,199,000
187 Bay 14th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,480 SF
Lot Size0.05 Acres
Price / SF$483.47
Days on Market69
Property Features for 187 Bay 14th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 3
Interior features
Central Air, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer, Window Treatments
Basement
Finished
Subdivision
Bath Beach
Standard status
Active
Size
2,480 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5056
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Ceramic, Tile, Hardwood
Building materials
Block, Wood Frame
Roof type
Flat
Architectural style
Tudor
Listing Agency:
Ben Bay Realty Co
(718) 680-6442
Listed By:
Antoinette Oddo
(718) 680-6442
Added: Jun 15
Changed: Aug 3
Last Checked: Aug 22 at 9:06AM
MLS# 502329
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 two-family duplex offers a homeowner/investor setup with two separate units. Each unit includes two bedrooms and two full baths and is equipped with central air. The first-floor layout includes an open plan with a kitchen, vaulted ceilings, a spacious living room, and views to the large backyard. The second-floor unit includes a kitchen, a bright living room, and access to a private terrace with sunset views. A finished basement adds extra recreation and storage space with a separate entrance. Separate gas heating systems and hot water tanks serve both units.
The property sits on a 0.0497-acre lot. Building dimensions are approximately 20' x 39' on a 20' x 108" lot. Constructed with block and wood frame materials, it features a flat roof and Tudor architectural style. The interior includes hardwood, tile, and ceramic flooring, along with in-unit appliances and laundry area.
Built in 1910, the duplex is positioned on a tree-lined block and is described as conveniently located near shopping, restaurants, and transportation.
The property sits on a 0.0497-acre lot. Building dimensions are approximately 20' x 39' on a 20' x 108" lot. Constructed with block and wood frame materials, it features a flat roof and Tudor architectural style. The interior includes hardwood, tile, and ceramic flooring, along with in-unit appliances and laundry area.
Built in 1910, the duplex is positioned on a tree-lined block and is described as conveniently located near shopping, restaurants, and transportation.
Key Highlights
- Zoned R4 two‑family duplex
- 0.0497‑acre lot with 20' x 39' building
- 20' x 108" lot dimensions
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
$67,642
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
5.64%
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%
$1,352,840
$1.4M
Cap Rate 7%
$966,314
$966.3K
Cap Rate 9%
$751,578
$751.6K
Market Conditions
NOI Build-Up for 2,480 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
$101.2K $40.80/SF
− Vacancy
−$4.6K −$1.84/SF
EGI
$96.6K $38.96/SF
− OpEx
−$29.0K −$11.69/SF
NOI
$67.6K $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 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%
$1,352,840
Cap Rate 7%
$966,314
Cap Rate 9%
$751,578
Alternative Uses
Best Use
Multifamily LT 5
$966.3K
$845.5K – $1.13M
NOI $67,642 @ 7.0% cap · market cap 5.64%
Second Best
Apartment 5plus
$866.0K
$757.8K – $1.01M
NOI $60,622 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,270 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,607
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 - Zoned R4, this two-unit duplex features central air and two bedrooms with two full baths in each unit.
Where is this duplex located?
The property is located at 187 Bay 14th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Zoned R4 two‑family duplex; 0.0497‑acre lot with 20' x 39' building; 20' x 108" lot dimensions
