Two-Family Duplex with Private Gated
For Sale
$1,289,000
Pending
250 Bay 14th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size1,890 SF
Lot Size0.04 Acres
Days on Market98
Property Features for 250 Bay 14th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Driveway
Basement
Full, Finished, Apartment
Lot features
Front Yard, Back Yard
Subdivision
Bath Beach
Standard status
Pending
APN
6461-224
Size
1,890 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8323
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Building Details
Year built
1940
Floors in Building
3
Number of units
2
Building materials
Brick
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Raymond Ebro · License #10311205932
(917) 612-1458
Added: Jun 3
Changed: Aug 10
Last Checked: Sep 8 at 9:06AM
MLS# 2603098
Copyright © 2026 Staten Island Board of Realtors. 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.
Two-family (attached) duplex at 250 Bay 14th Street, Brooklyn, NY 11214, delivered completely vacant. Unit 1 spans the first and second levels and includes 3 bedrooms, a full bathroom, a half bathroom, and living space. Unit 2 is on the third level and includes 3 rooms, a kitchen, a living room, and a full bathroom. The building is brick, built in 1940, and is heated with steam and natural gas. Public sewer service is available, and the property includes driveway parking.
A private gated driveway provides off-street parking. The roof is reported to be only 3 years old. The property is located in Brooklyn’s Bath Beach section, with proximity to shopping, restaurants, schools, parks, public transportation, and major roadways.
With the full building vacant, the duplex offers flexibility for an owner-occupant or an investor seeking rental income from both units.
A private gated driveway provides off-street parking. The roof is reported to be only 3 years old. The property is located in Brooklyn’s Bath Beach section, with proximity to shopping, restaurants, schools, parks, public transportation, and major roadways.
With the full building vacant, the duplex offers flexibility for an owner-occupant or an investor seeking rental income from both units.
Key Highlights
- Vacant two‑family attached duplex in R4 zoning
- Private gated driveway for off‑street parking
- Roof reported as 3 years old
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
$51,549
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
4.00%
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%
$1,030,980
$1.0M
Cap Rate 7%
$736,414
$736.4K
Cap Rate 9%
$572,767
$572.8K
Market Conditions
NOI Build-Up for 1,890 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
$77.1K $40.80/SF
− Vacancy
−$3.5K −$1.84/SF
EGI
$73.6K $38.96/SF
− OpEx
−$22.1K −$11.69/SF
NOI
$51.5K $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%
$1,030,980
Cap Rate 7%
$736,414
Cap Rate 9%
$572,767
Alternative Uses
Best Use
Multifamily LT 5
$736.4K
$644.4K – $859.2K
NOI $51,549 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$660.0K
$577.5K – $770.0K
NOI $46,200 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$1.10M
$964.7K – $1.29M
NOI $77,177 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,625
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
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Frequently Asked Questions
What type of property is this?
Duplex - Vacant two-family attached duplex in R4 zoning with private gated driveway and a roof reported as 3 years old.
Where is this duplex located?
The property is located at 250 Bay 14th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: Vacant two‑family attached duplex in R4 zoning; Private gated driveway for off‑street parking; Roof reported as 3 years old
