Dyker Heights Two-Family Brick
347 Bay 10th Street Brooklyn, NY 11228
For Sale
Contact for pricing
Well-maintained two-family home in prime Brooklyn location.
Property Size2,055 SF
Price / SF$724.52
Days on Market61
Property Features for 347 Bay 10th Street
General Information
- Standard status
- Active
- Size
- 2,055 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing Agency:
DiTommaso Real Estate
(917) 660-6581
Listed By:
Pamela Zappulla · License #40AK1178788
Source:
Crexi
Added: May 24
Changed: Jul 10
Last Checked: Jul 23 at 11:07AM
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 DiTommaso Real Estate
Investment Insights
Based on property information with market context.
This well-maintained, all-brick two-family end unit is located in Dyker Heights, Brooklyn. The property features a total of 4 bedrooms and 3 bathrooms, with hardwood floors throughout. New electric meters, a mini-split system, and a hot water heater have been installed. The walk-in basement level includes a one-bedroom apartment with private access. Exterior features include a covered front porch, a decorative fountain and waterfall feature, a sprinkler system, and a rear deck with a carport underneath. The property is fully fenced and surrounded by a brick wall. It is located near shopping, transportation, and local amenities. The property size is 2055 square feet.
Key Highlights
- Prime Dyker Heights location near shopping, transportation, and local amenities.
- Two‑family end unit with income potential from a one‑bedroom basement apartment with private access.
- Brand new mini‑split system and hot water heater.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $104.8k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $102.8k | $50.03 |
| − OpEx | −$30.8k | −$15.01 |
| NOI | $72.0k | $35.02 |
2,055 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$899.6K – $1.20M
NOI $71,970 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$896.2K
$784.2K – $1.05M
NOI $62,737 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,108 @ 7.0% cap · market cap 8.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family home in prime Brooklyn location.
Where is this duplex located?
The property is located at 347 Bay 10th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,488,888.
What are key features of this property?
This property features: Prime Dyker Heights location near shopping, transportation, and local amenities.; Two‑family end unit with income potential from a one‑bedroom basement apartment with private access.; Brand new mini‑split system and hot water heater.
