Spacious Two-Family Home,
2016 Bay Ridge Parkway Brooklyn, NY 11204
2016 Bay Ridge Parkway, Brooklyn, NY, 11204
$1,899,000
For Sale
$1,899,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,680 SF
Lot Size0.06 Acres
Price / SF$708.58
Days on Market82
Property Features for 2016 Bay Ridge Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bathroom 2, Bedroom 5, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 2, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4
- Interior features
- A/C Unit, A/C Unit - Window, Central Air, Refrigerator, Stove, Terrace
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,680 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10125
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Asphalt
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Jason Zhou · License #10301217017
(718) 612-3088
Added: Apr 28 Checked: Jul 18 at 11:06 am
MLS# 500937
Listing URL
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 two-family home is located in Bensonhurst, Brooklyn. The property offers approximately 20' x 67' of living space on a 28' x 100' lot. The residence includes a total of 7 bedrooms and 4 bathrooms. The first floor features a 3-bedroom layout that can be converted into 4 bedrooms, a formal living room, a dining room, an eat-in kitchen, and a full bathroom. The second floor includes 4 bedrooms and 2 full bathrooms, separate living and dining areas, a new central air system, and access to a large rear terrace. The home also features a semi-finished basement with a separate entrance, plus a side entrance from the driveway that provides access to the entire property. The private driveway accommodates multiple vehicles. The property is zoned R5. Annual property taxes are approximately $10,241.
Key Highlights
- Oversized semi‑detached two‑family home built in 1920 with brick exterior and asphalt roof
- Approx. 20' x 67' living space on a 28' x 100' lot with 7 bedrooms and 4 bathrooms
- First floor: 3 bedrooms with formal living room, dining room, eat‑in kitchen, and 1 full bathroom (convertible to 4 bedrooms)
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 | $136.7k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $134.1k | $50.03 |
| − OpEx | −$40.2k | −$15.01 |
| NOI | $93.9k | $35.02 |
2,680 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,858 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,818 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,333 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Oversized two-family home with driveway in prime Bensonhurst, Brooklyn.
Where is this duplex located?
The property is located at 2016 Bay Ridge Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Oversized semi‑detached two‑family home built in 1920 with brick exterior and asphalt roof; Approx. 20' x 67' living space on a 28' x 100' lot with 7 bedrooms and 4 bathrooms; First floor: 3 bedrooms with formal living room, dining room, eat‑in kitchen, and 1 full bathroom (convertible to 4 bedrooms)
