Renovated 3-Unit Brick
New
For Sale
$1,999,000
2062 Bath Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,850 SF
Lot Size0.03 Acres
Price / SF$701.40
Days on Market5
Property Features for 2062 Bath Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 6, Bedroom 3, Bedroom 6, Bathroom 5, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Interior features
A/C Unit, Central Air - Split, Dishwasher, Laundry Area, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
2,850 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
8300
Building Details
Year built
1920
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 24 at 11:06AM
MLS# 503934
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.
Located at 2062 Bath Avenue in Brooklyn, this 2,850-square-foot brick triplex contains three residential units across three stories, along with a finished basement. Each apartment includes 3 bedrooms and 2 full bathrooms, while the basement adds another full bathroom. The property was renovated in 2025 with updated plumbing, electrical and gas lines, windows, roof, kitchens, bathrooms, and flooring.
Building systems include split heating and cooling, 3 separate heating systems, 3 hot water heaters, 4 electric meters, and 3 gas meters. Interior features include hardwood and tile flooring, dishwashers, refrigerators, stoves, laundry facilities, and split air-conditioning units. Tenants pay their own utilities. The property is zoned R5 and is near the D train and 86th Street shopping.
Building systems include split heating and cooling, 3 separate heating systems, 3 hot water heaters, 4 electric meters, and 3 gas meters. Interior features include hardwood and tile flooring, dishwashers, refrigerators, stoves, laundry facilities, and split air-conditioning units. Tenants pay their own utilities. The property is zoned R5 and is near the D train and 86th Street shopping.
Key Highlights
- Three residential units, each with 3 bedrooms and 2 full bathrooms
- 2,850 square feet across 3 stories plus a finished basement
- Renovated in 2025 with new plumbing, electrical, gas lines, windows, roof, kitchens, bathrooms, and flooring
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
$77,733
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
3.89%
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%
$1,554,660
$1.6M
Cap Rate 7%
$1,110,471
$1.1M
Cap Rate 9%
$863,700
$863.7K
Market Conditions
NOI Build-Up for 2,850 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
$116.3K $40.80/SF
− Vacancy
−$5.2K −$1.84/SF
EGI
$111.0K $38.96/SF
− OpEx
−$33.3K −$11.69/SF
NOI
$77.7K $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%
$1,554,660
Cap Rate 7%
$1,110,471
Cap Rate 9%
$863,700
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.7K – $1.30M
NOI $77,733 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$995.2K
$870.8K – $1.16M
NOI $69,667 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,378 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,199
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Fully updated multifamily property with separate heating systems, tenant-paid utilities, and finished basement space.
Where is this triplex located?
The property is located at 2062 Bath Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Three residential units, each with 3 bedrooms and 2 full bathrooms; 2,850 square feet across 3 stories plus a finished basement; Renovated in 2025 with new plumbing, electrical, gas lines, windows, roof, kitchens, bathrooms, and flooring
