Semi-Detached Brick
For Sale
$1,228,000
202 Bay 34th Street, Brooklyn, NY 11214
Residential, Duplex, Brooklyn, NY
Property Size1,532 SF
Lot Size0.04 Acres
Price / SF$801.57
Days on Market175
Property Features for 202 Bay 34th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2
Interior features
A/C Unit - Wall, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
1,532 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6026
Amenities
sunroom
eat-in kitchen
ductless A/C and heating
finished basement
laundry area
Building Details
Year built
1915
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber, Flat
Architectural style
Other
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(718) 256-4000
Added: Mar 17
Changed: Sep 7
Last Checked: Sep 7 at 3:06PM
MLS# 499694
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.
Semi-detached brick duplex offering a bright, thoughtfully laid out interior. The first floor includes a living room, a sunroom, an eat-in kitchen, and a full bathroom. The upper level provides three bedrooms, and the fully finished basement offers flexible space that can be used as a recreation room or home office. Year-round comfort is supported by six ductless A/C and heating units. Additional interior conveniences include a laundry area with ample storage, plus one carport parking space. The home was renovated in 2020, with hardwood and tile flooring, and a flat rubber roof.
Set on a 0.0444-acre lot with 1,532 square feet of interior space, the property is zoned R5. It’s located just minutes from the 86th Street D train station and close to shops, restaurants, and supermarkets.
Built in 1915, this duplex is offered with an emphasis on move-in-ready condition following the 2020 renovation.
Set on a 0.0444-acre lot with 1,532 square feet of interior space, the property is zoned R5. It’s located just minutes from the 86th Street D train station and close to shops, restaurants, and supermarkets.
Built in 1915, this duplex is offered with an emphasis on move-in-ready condition following the 2020 renovation.
Key Highlights
- 0.0444‑acre lot and 1,532 SF semi‑detached brick duplex
- Renovated in 2020 with hardwood and tile flooring
- Three bedrooms plus a fully finished basement for recreation or office
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
$37,449
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
3.05%
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%
$748,980
$749.0K
Cap Rate 7%
$534,986
$535.0K
Cap Rate 9%
$416,100
$416.1K
Market Conditions
NOI Build-Up for 1,532 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
$70.8K $46.20/SF
− Vacancy
−$2.7K −$1.76/SF
EGI
$68.1K $44.44/SF
− OpEx
−$30.6K −$20.00/SF
NOI
$37.4K $24.44/SF
Area
ZIP 11214
Vacancy
3.80%
Lease Rate
$46.20 /SF/Yr
Expense Ratio
45.00%
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%
$748,980
Cap Rate 7%
$534,986
Cap Rate 9%
$416,100
Alternative Uses
Best Use
Apartment 5plus
$535.0K
$468.1K – $624.2K
NOI $37,449 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$893.7K
$782.0K – $1.04M
NOI $62,559 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,851
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Renovated semi-detached brick duplex with three bedrooms, finished basement, and six wall ductless A/C and heating units.
Where is this single family property located?
The property is located at 202 Bay 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,228,000.
What are key features of this property?
This property features: 0.0444‑acre lot and 1,532 SF semi‑detached brick duplex; Renovated in 2020 with hardwood and tile flooring; Three bedrooms plus a fully finished basement for recreation or office
