Detached Triplex Development
For Sale
$2,300,000
Pending
39 Bay 22nd Street, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size3,450 SF
Lot Size0.13 Acres
Days on Market134
Property Features for 39 Bay 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking features
Driveway, Garage
Basement
Full
Lot features
Back Yard
Elementary school
Ps 200 Benson School
Middle school
Jhs 227 Edward B Shallow
High school
New Utrecht High School
Elementary school district
Brooklyn 20
Middle school district
Brooklyn 20
High school district
Brooklyn 20
Directions
GPS / WAZE
Standard status
Pending
APN
06373-0031
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10113
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1935
Number of units
3
Building materials
Frame
Architectural style
Colonial
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
John J. Ricco
(646) 247-3290
Added: Jun 12
Changed: Oct 13
Last Checked: Oct 23 at 7:06AM
MLS# 1013002
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This detached triplex is configured as a 3,450-square-foot, three-family residence built in 1935. The frame structure features Colonial styling, a basement, hot-water heating, wall/window and window-unit cooling, plus garage and driveway parking. The property will be delivered vacant and broom-swept, and is offered strictly as-is.
The 60 ft x 97 ft parcel contains 5,800 total lot square feet within an R5 zoning district with a maximum 2.0 FAR. Stated development parameters include a maximum buildable envelope of up to 8,700 square feet and approximately 5,278 square feet of unused floor area. Public water and public sewer serve the property. The site is in School District 20 and is near local transit, public safety stations, shopping, and dining.
The 60 ft x 97 ft parcel contains 5,800 total lot square feet within an R5 zoning district with a maximum 2.0 FAR. Stated development parameters include a maximum buildable envelope of up to 8,700 square feet and approximately 5,278 square feet of unused floor area. Public water and public sewer serve the property. The site is in School District 20 and is near local transit, public safety stations, shopping, and dining.
Key Highlights
- 60 ft x 97 ft lot with 5,800 total lot square feet
- 3,450 square foot detached three‑family residence built in 1935
- R5 zoning district with a maximum 2.0 FAR
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.
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Lease Details
3
Residential units
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Detached three-family property with R5 zoning, public utilities, garage parking, and vacant delivery.
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.
What are key features of this property?
This property features: 60 ft x 97 ft lot with 5,800 total lot square feet; 3,450 square foot detached three‑family residence built in 1935; R5 zoning district with a maximum 2.0 FAR
