For Sale
$2,300,000
Pending
39 Bay 22nd Street, Brooklyn, NY 11214
Triplexes
Property Size3,450 SF
Days on Market10
Property Features for 39 Bay 22nd Street
General Information
Standard status
Pending
Size
3,450 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$10,113
Amenities
Full
Yes
Other
Public
No
Detached, Driveway, Garage
3450
Building Details
Building Size
3,450 SF
Year Built
1935
Listing Agency:
(516) 703-2918
Listed By:
Randy Kral
Source:
Hedgestonehomes
Added: Oct 21
Changed: Oct 28
Last Checked: Oct 28 at 9:18AM
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 Randy Kral
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,098
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,881,960
$1.9M
Cap Rate 7%
$1,344,257
$1.3M
Cap Rate 9%
$1,045,533
$1.0M
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$140.8K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$134.4K $38.96/SF
− OpEx
−$40.3K −$11.69/SF
NOI
$94.1K $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 Rate 5%
$1,881,960
Cap Rate 7%
$1,344,257
Cap Rate 9%
$1,045,533
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.18M – $1.57M
NOI $94,098 @ 7.0% cap · market cap 4.09%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.41M
NOI $84,333 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $140,879 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,961
Businesses Nearby
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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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
Where is this triplex located?
The property is located at 39 Bay 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
