Detached Two-Family
New
For Sale
$1,790,000
217 Bay 10th St, Brooklyn, NY 11228
Two separate residences provide six bedrooms, multiple baths, private entrances, and flexible living arrangements.
Property Size3,158 SF
Days on Market3
Property Features for 217 Bay 10th St
General Information
Standard status
Active
Size
3,158 SF
Total Parking Spaces
6
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,618
Amenities
balcony
yard
Building Details
Building Size
3,158 SF
Year Built
1920
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #10401281569
(718) 612-3088
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 4:21AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This detached duplex property, built in 1920, contains two separate residences. The first-floor home offers 3 bedrooms and 1¾ bathrooms, while the second-floor residence includes 3 bedrooms, 1½ bathrooms, and a balcony. A finished basement has its own entrance at the rear, adding flexible supplemental space.
A private driveway leads to a two-car garage, with parking for up to 6 cars and remaining yard area for outdoor use. The property is near schools, shopping, restaurants, parks, public transportation, and major roadways. WalkScore is 85, TransitScore is 73, and BikeScore is 59.
A private driveway leads to a two-car garage, with parking for up to 6 cars and remaining yard area for outdoor use. The property is near schools, shopping, restaurants, parks, public transportation, and major roadways. WalkScore is 85, TransitScore is 73, and BikeScore is 59.
Key Highlights
- Detached two‑family property built in 1920
- First‑floor residence with 3 bedrooms and 1¾ bathrooms
- Second‑floor residence with 3 bedrooms, 1½ bathrooms, and a balcony
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 | $161.1k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $158.0k | $50.03 |
| − OpEx | −$47.4k | −$15.01 |
| NOI | $110.6k | $35.02 |
3,158 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,599 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,410 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$2.61M
$2.29M – $3.05M
NOI $183,038 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,781
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Market
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide six bedrooms, multiple baths, private entrances, and flexible living arrangements.
Where is this duplex located?
The property is located at 217 Bay 10th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Detached two‑family property built in 1920; First‑floor residence with 3 bedrooms and 1¾ bathrooms; Second‑floor residence with 3 bedrooms, 1½ bathrooms, and a balcony
