Vacant Two-Family
New
For Sale
$1,720,000
199 Bay 25th St, Brooklyn, NY 11214
Separate living areas include finished basement and attic space, with private parking and flexible occupancy options.
Property Size2,542 SF
Lot Size0.07 Acres
Days on Market7
Property Features for 199 Bay 25th St
General Information
Standard status
Active
Size
2,542 SF
Total Parking Spaces
1
Lot size
0.07 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,591
Building Details
Building Size
2,542 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Yifei (Eric) Zhao
(917) 708-9966
Source:
Elliman
Added: Sep 18
Last Checked: Sep 24 at 2:18PM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This two-family home at 199 Bay 25th St includes two distinct living arrangements and will be delivered vacant. The owner’s unit has 2 bedrooms, 1 full bath, a finished basement with a separate entrance, and an additional full bath. The upper duplex provides 2 bedrooms and 1 full bath, with a finished attic adding another room and full bath. The property sits on a 30×95 lot and includes a private parking space.
Built in 1920, the home is near the D train, 86th Street shopping, supermarkets, restaurants, parks, and Belt Parkway. Walk Score is 95, Transit Score is 75, and Bike Score is 56. The vacant delivery supports either owner occupancy or an investment-oriented use.
Built in 1920, the home is near the D train, 86th Street shopping, supermarkets, restaurants, parks, and Belt Parkway. Walk Score is 95, Transit Score is 75, and Bike Score is 56. The vacant delivery supports either owner occupancy or an investment-oriented use.
Key Highlights
- Two‑family home delivered vacant
- 30×95 lot with private parking space
- Owner’s unit includes 2 bedrooms, 1 full bath, and finished basement
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
$69,333
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
4.03%
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%
$1,386,660
$1.4M
Cap Rate 7%
$990,471
$990.5K
Cap Rate 9%
$770,367
$770.4K
Market Conditions
NOI Build-Up for 2,542 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
$103.7K $40.80/SF
− Vacancy
−$4.7K −$1.84/SF
EGI
$99.0K $38.96/SF
− OpEx
−$29.7K −$11.69/SF
NOI
$69.3K $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%
$1,386,660
Cap Rate 7%
$990,471
Cap Rate 9%
$770,367
Alternative Uses
Best Use
Multifamily LT 5
$990.5K
$866.7K – $1.16M
NOI $69,333 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$887.7K
$776.7K – $1.04M
NOI $62,138 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,801 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,286
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
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Frequently Asked Questions
What type of property is this?
Duplex - Separate living areas include finished basement and attic space, with private parking and flexible occupancy options.
Where is this duplex located?
The property is located at 199 Bay 25th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,720,000.
What are key features of this property?
This property features: Two‑family home delivered vacant; 30×95 lot with private parking space; Owner’s unit includes 2 bedrooms, 1 full bath, and finished basement
