Multifamily Property with
For Sale
$998,000
Pending
2514 Bath Ave, Brooklyn, NY 11214
Semi-attached residence includes a primary home, studio rental, shared driveway, and outdoor space.
Property Size1,360 SF
Days on Market41
Property Features for 2514 Bath Ave
General Information
Standard status
Pending
Size
1,360 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1955
Buildings
1
Listing Agency:
Robert DeFalco Realty, Inc.
Listed By:
Giovanni D'Arancio
(718) 987-7900
Source:
Statenislandhomelistings
Added: Aug 16
Changed: Sep 23
Last Checked: Sep 24 at 10:51AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This 1,360-square-foot multifamily property, built in 1955, combines a semi-attached home with a one-bedroom studio rental. The main residence provides three bedrooms and two bathrooms, along with an eat-in kitchen and defined living and dining areas. A shared driveway and outdoor space add practical site features.
Located at 2514 Bath Ave in Brooklyn, the property is identified by the 11214 ZIP code. The combination of a larger primary residence and additional studio accommodation creates a flexible configuration for residential occupancy and rental use.
Located at 2514 Bath Ave in Brooklyn, the property is identified by the 11214 ZIP code. The combination of a larger primary residence and additional studio accommodation creates a flexible configuration for residential occupancy and rental use.
Key Highlights
- 3‑bedroom, 2‑bathroom primary residence
- 1‑bedroom studio rental included
- 1,360 square feet of property size
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
$37,094
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
3.72%
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%
$741,880
$741.9K
Cap Rate 7%
$529,914
$529.9K
Cap Rate 9%
$412,156
$412.2K
Market Conditions
NOI Build-Up for 1,360 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
$55.5K $40.80/SF
− Vacancy
−$2.5K −$1.84/SF
EGI
$53.0K $38.96/SF
− OpEx
−$15.9K −$11.69/SF
NOI
$37.1K $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%
$741,880
Cap Rate 7%
$529,914
Cap Rate 9%
$412,156
Alternative Uses
Best Use
Multifamily LT 5
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 3.72%
Second Best
Apartment 5plus
$474.9K
$415.6K – $554.1K
NOI $33,244 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$793.4K
$694.2K – $925.6K
NOI $55,535 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,355
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Semi-attached residence includes a primary home, studio rental, shared driveway, and outdoor space.
Where is this multifamily property located?
The property is located at 2514 Bath Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bathroom primary residence; 1‑bedroom studio rental included; 1,360 square feet of property size
