Three-Unit Split-Level
For Sale
$2,580,000
264 Bay 11th Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size2,719 SF
Lot Size0.07 Acres
Price / SF$948.88
Days on Market115
Property Features for 264 Bay 11th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
8
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 2, Bedroom 6, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 8
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,719 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
15102
Amenities
split unit AC
beautifully finished backyard
Building Details
Year built
1989
Floors in Building
3
Number of units
3
Flooring type
Tile, Hardwood
Building materials
Masonry
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jun 16
Changed: Oct 2
Last Checked: Oct 8 at 3:06AM
MLS# 502293
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.
This three-unit, semi-detached masonry residence was built in 1989 and offers 2,719 square feet across three above-ground floors and a semi-finished basement. The split-level layout includes hardwood and tile flooring, a second-floor split-unit AC system, and separate gas, electric, heating, and water systems for each unit. A built-in garage and an 8-foot driveway provide on-site parking, while the rear yard is finished for outdoor use. The property occupies a 30-by-96-foot lot, with a building footprint measuring 22 by 50 feet, and is zoned R4.
Located in Brooklyn’s Dyker Heights area, the property is near Dyker Beach Golf Course, Dyker Beach Park, shopping, and dining. The X28 Express Bus is one-half block away, with access to the Belt Parkway nearby.
Located in Brooklyn’s Dyker Heights area, the property is near Dyker Beach Golf Course, Dyker Beach Park, shopping, and dining. The X28 Express Bus is one-half block away, with access to the Belt Parkway nearby.
Key Highlights
- Three‑unit semi‑detached property with 2,719 square feet
- Three above‑ground floors plus a semi‑finished basement
- Separate gas, electric, heating, and water systems for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,224
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,904,480
$1.9M
Cap Rate 7%
$1,360,343
$1.4M
Cap Rate 9%
$1,058,044
$1.1M
Market Conditions
NOI Build-Up for 2,719 SF
Gross rent
$138.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$136.0K $50.03/SF
− OpEx
−$40.8K −$15.01/SF
NOI
$95.2K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,904,480
Cap Rate 7%
$1,360,343
Cap Rate 9%
$1,058,044
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,224 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,008 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,593 @ 7.0% cap · market cap 6.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Utilities to site
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
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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?
Triplex - Semi-detached masonry property with separate utilities, garage parking, and a finished rear yard.
Where is this triplex located?
The property is located at 264 Bay 11th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,580,000.
What are key features of this property?
This property features: Three‑unit semi‑detached property with 2,719 square feet; Three above‑ground floors plus a semi‑finished basement; Separate gas, electric, heating, and water systems for each unit
