Detached Two-Family Duplex with
New
For Sale
$1,790,000
217 Bay 10th Street, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size3,158 SF
Lot Size0.09 Acres
Price / SF$566.81
Days on Market1
Property Features for 217 Bay 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 3, Bedroom 1
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
3,158 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8618
Amenities
balcony
yard
finished basement
Building Details
Year built
1920
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #10401281569
(718) 612-3088
Added: Jul 31
Last Checked: Jul 31 at 5:06PM
MLS# 503425
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.
217 Bay 10th Street is a detached two-family duplex on a 0.0888-acre lot, built in 1920. The property provides two separate duplex layouts: a private first-floor unit with 3 bedrooms and 1 3/4 bathrooms, and a second-floor unit with an additional 3 bedrooms and 1 1/2 bathrooms, plus a balcony. There is a separate entrance to a finished basement through the back, supporting flexible day-to-day use.
A private driveway and detached 2-car garage provide parking for up to 6 cars, with potential for yard space. The home is wood-frame construction with hardwood and tile flooring. Interior kitchen features include a refrigerator and stove.
The property is zoned R4 and totals 3,158 square feet of building area. It is offered as a two-family home suitable for either owner-occupancy or rental income.
A private driveway and detached 2-car garage provide parking for up to 6 cars, with potential for yard space. The home is wood-frame construction with hardwood and tile flooring. Interior kitchen features include a refrigerator and stove.
The property is zoned R4 and totals 3,158 square feet of building area. It is offered as a two-family home suitable for either owner-occupancy or rental income.
Key Highlights
- Detached two‑family duplex on 0.0888‑acre lot
- Two separate units: first floor has 3 bedrooms and 1 3/4 baths
- Second floor has 3 bedrooms and 1 1/2 baths plus 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
Property Profile
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned duplex with two separate living floors, detached garage parking, and a private driveway for up to six cars.
Where is this duplex located?
The property is located at 217 Bay 10th Street 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 duplex on 0.0888‑acre lot; Two separate units: first floor has 3 bedrooms and 1 3/4 baths; Second floor has 3 bedrooms and 1 1/2 baths plus a balcony
