Brick Triplex With
New
For Sale
$1,750,000
30 Bay 34th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,320 SF
Lot Size0.06 Acres
Price / SF$754.31
Days on Market1
Property Features for 30 Bay 34th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
2,320 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8736
Amenities
recreation area
laundry room
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang
(917) 708-9966
Added: Aug 28
Last Checked: Aug 28 at 4:06PM
MLS# 504036
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 legal three-family brick residence was built in 1935 and is currently arranged as a two-family home. The building contains approximately 2,320 square feet on a 0.0555-acre lot measuring 25' by 97', with a 20' by 58' footprint. The first floor includes three bedrooms, one full bathroom, and a kitchen renovated approximately four years ago. A finished basement adds a recreation area, 3/4 bathroom, laundry room, and storage space. The second floor provides three bedrooms, one full bathroom, a kitchen, living room, and dining room, with the prior two-apartment arrangement potentially restorable subject to applicable requirements and approvals.
Four separate entrances—two in front and two in the rear—support flexible access throughout the property. A shared driveway leads to a private detached two-car garage. Interior features include hardwood and tile flooring, along with a refrigerator and stove. The property is located near 86th Street in Brooklyn, with access to shopping, supermarkets, restaurants, public transportation, and neighborhood amenities. Zoning is R5.
Four separate entrances—two in front and two in the rear—support flexible access throughout the property. A shared driveway leads to a private detached two-car garage. Interior features include hardwood and tile flooring, along with a refrigerator and stove. The property is located near 86th Street in Brooklyn, with access to shopping, supermarkets, restaurants, public transportation, and neighborhood amenities. Zoning is R5.
Key Highlights
- Legal three‑family brick residence currently configured and used as a two‑family home
- 2,320 square feet on a 0.0555‑acre lot measuring 25' by 97'
- 20' by 58' building footprint with four separate entrances
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
$63,278
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
3.62%
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%
$1,265,560
$1.3M
Cap Rate 7%
$903,971
$904.0K
Cap Rate 9%
$703,089
$703.1K
Market Conditions
NOI Build-Up for 2,320 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
$94.7K $40.80/SF
− Vacancy
−$4.3K −$1.84/SF
EGI
$90.4K $38.96/SF
− OpEx
−$27.1K −$11.69/SF
NOI
$63.3K $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%
$1,265,560
Cap Rate 7%
$903,971
Cap Rate 9%
$703,089
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,736 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,494
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?
Triplex - Legal three-family brick residence with flexible two-family use, multiple entrances, and owner-occupied living areas.
Where is this triplex located?
The property is located at 30 Bay 34th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Legal three‑family brick residence currently configured and used as a two‑family home; 2,320 square feet on a 0.0555‑acre lot measuring 25' by 97'; 20' by 58' building footprint with four separate entrances
