Brick Duplex with
For Sale
$998,000
2514 Bath Avenue, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size1,360 SF
Lot Size0.06 Acres
Price / SF$733.82
Days on Market13
Property Features for 2514 Bath Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 1
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Ceiling Fan(s)
Basement
Apartment
Lot features
Front Yard, Back Yard
Subdivision
Bath Beach
Standard status
Active
APN
06894/0039
Size
1,360 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8300
Utilities
Sewer type
Public Sewer
Heating system
Steam, Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1955
Floors in Building
2
Number of units
2
Building materials
Brick
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Giovanni D'Arancio
(718) 987-7900
Added: Aug 17
Changed: Aug 25
Last Checked: Aug 29 at 6:06PM
MLS# 2604632
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.
This semi-attached duplex in Brooklyn combines a three-bedroom main residence with a one-bedroom studio rental. The 1,360-square-foot property was built in 1955 with brick construction and includes eat-in kitchen space, living and dining areas, a shared driveway, and an outdoor patio. Heating is provided by steam and natural gas, with window-unit cooling and ceiling fans.
Located at 2514 Bath Avenue in Brooklyn, the property carries R5 zoning and sits on a 0.057-acre lot. Public sewer service is in place, while the driveway provides on-site parking access. The configuration offers a residential income property with separate living and rental components in Kings County.
Located at 2514 Bath Avenue in Brooklyn, the property carries R5 zoning and sits on a 0.057-acre lot. Public sewer service is in place, while the driveway provides on-site parking access. The configuration offers a residential income property with separate living and rental components in Kings County.
Key Highlights
- Three‑bedroom main residence plus a 1‑bedroom studio rental
- 1,360 square feet on a 0.057‑acre lot
- Brick construction; built in 1955
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
Property Profile
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
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 - Semi-attached layout includes a three-bedroom residence, studio rental, shared driveway, and outdoor patio.
Where is this duplex located?
The property is located at 2514 Bath Avenue 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: Three‑bedroom main residence plus a 1‑bedroom studio rental; 1,360 square feet on a 0.057‑acre lot; Brick construction; built in 1955
