Detached Three-Family Development
39 Bay 22nd Street Brooklyn, NY 11214
39 Bay 22nd Street, Brooklyn, NY, 11214
$2,300,000
For Sale
$2,300,000
MULTI_FAMILY - Colonial - Brooklyn, NY
Property Size3,450 SF
Lot Size0.13 Acres
Price / SF$666.67
Days on Market36
Property Features for 39 Bay 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Garage, Driveway
- Basement
- Full
- Standard status
- Active
- 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
- Wall/Window Unit(s), 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
69 Brookside Ave. Ste 225, Chester, NY
Listed by
John J. Ricco
(646) 247-3290
Added: Jun 12 Checked: Jul 17 at 1:06 pm
MLS# 1013002
Listing URL
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.
Investment Insights
Based on property information with market context.
This detached property is currently configured as a 3,450-square-foot, three-family residence built in 1935. The sale is strictly “AS-IS,” and the property will be delivered vacant and broom-swept at closing, providing a blank-canvas site for buyers planning redevelopment, expansion, or conversion to a new product.
The lot measures 60 ft by 97 ft and totals approximately 5,800 sq. ft., with R5 zoning allowing a maximum 2.0 FAR. Based on the stated maximum buildable envelope of up to 8,700 sq. ft., the site offers substantial unused floor area relative to the existing built footprint, as reflected in the informational materials provided.
Located in Bath Beach in Brooklyn, the property is positioned near local transit and public safety stations, with shopping and dining also nearby. For investors, developers, and experienced operators, the combination of a detached three-family structure, R5 zoning parameters, and a delivery condition of vacant and broom-swept supports a variety of planning options that can be evaluated with the buyer’s architect or surveyor.
The lot measures 60 ft by 97 ft and totals approximately 5,800 sq. ft., with R5 zoning allowing a maximum 2.0 FAR. Based on the stated maximum buildable envelope of up to 8,700 sq. ft., the site offers substantial unused floor area relative to the existing built footprint, as reflected in the informational materials provided.
Located in Bath Beach in Brooklyn, the property is positioned near local transit and public safety stations, with shopping and dining also nearby. For investors, developers, and experienced operators, the combination of a detached three-family structure, R5 zoning parameters, and a delivery condition of vacant and broom-swept supports a variety of planning options that can be evaluated with the buyer’s architect or surveyor.
Key Highlights
- Detached 3‑family residence built in 1935 with 3,450 SF of current building area
- Set on a 60 ft x 97 ft lot (5,800 SF) in an R5 zoning district with max 2.0 FAR
- Max buildable envelope up to 8,700 SF with approx. 5,278 SF of unused floor area
Local 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 | $140.8k | $40.80 |
| − Vacancy | −$6.3k | −$1.84 |
| EGI | $134.4k | $38.96 |
| − OpEx | −$40.3k | −$11.69 |
| NOI | $94.1k | $27.27 |
3,450 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Vacant, as-is three-family residence on a detached lot with redevelopment upside under R5 zoning.
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: Detached 3‑family residence built in 1935 with 3,450 SF of current building area; Set on a 60 ft x 97 ft lot (5,800 SF) in an R5 zoning district with max 2.0 FAR; Max buildable envelope up to 8,700 SF with approx. 5,278 SF of unused floor area
