Brick Triplex With
For Sale
$1,298,000
2742 Bath Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,351 SF
Lot Size0.05 Acres
Price / SF$552.11
Days on Market35
Property Features for 2742 Bath Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
2,351 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7485
Building Details
Year built
1950
Floors in Building
2
Number of units
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Aug 28
Changed: Sep 16
Last Checked: Oct 1 at 3:06PM
MLS# 504106
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 triplex contains three separate residential units within a 2,351-square-foot brick building completed in 1950. The interior includes seven bedrooms and three bathrooms, with hardwood and tile flooring throughout. Refrigerators and stoves are included, and the property has a flat roof and garage parking.
The 0.0452-acre property is zoned R5 and is located near shopping, restaurants, schools, public transportation, and major roadways. Its Brooklyn setting and multi-unit configuration support residential income use, subject to applicable zoning and occupancy requirements.
The 0.0452-acre property is zoned R5 and is located near shopping, restaurants, schools, public transportation, and major roadways. Its Brooklyn setting and multi-unit configuration support residential income use, subject to applicable zoning and occupancy requirements.
Key Highlights
- Three separate residential units in a 2,351‑square‑foot property
- Brick construction with 1950 year built
- Seven bedrooms and three bathrooms
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
$64,123
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
4.94%
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%
$1,282,460
$1.3M
Cap Rate 7%
$916,043
$916.0K
Cap Rate 9%
$712,478
$712.5K
Market Conditions
NOI Build-Up for 2,351 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
$95.9K $40.80/SF
− Vacancy
−$4.3K −$1.84/SF
EGI
$91.6K $38.96/SF
− OpEx
−$27.5K −$11.69/SF
NOI
$64.1K $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%
$1,282,460
Cap Rate 7%
$916,043
Cap Rate 9%
$712,478
Alternative Uses
Best Use
Multifamily LT 5
$916.0K
$801.5K – $1.07M
NOI $64,123 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$821.0K
$718.4K – $957.8K
NOI $57,469 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,002 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,896
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units occupy a 1950 brick building with garage parking.
Where is this triplex located?
The property is located at 2742 Bath Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Three separate residential units in a 2,351‑square‑foot property; Brick construction with 1950 year built; Seven bedrooms and three bathrooms
