Detached Three-Family
For Sale
$1,499,000
54 Bay 26th Street, Brooklyn, NY 11214
Detached three-unit Brooklyn residence offers flexible living or rental layouts with off-street parking and basement storage.
Property Size2,761 SF
Days on Market98
Property Features for 54 Bay 26th Street
General Information
Standard status
Active
Size
2,761 SF
Property subtype
Multi Family Home
Additional Details
Multifamily Units
3
Building Details
Building Size
2,761 SF
Stories
3
Listing Agency:
Ashford Homes LLC
Listed By:
Hui Ling Zhang
(929) 364-1301
Source:
Kirinny
Added: Jun 4
Changed: Sep 8
Last Checked: Sep 8 at 8:33AM
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 Ashford Homes LLC
Investment Insights
Based on property information with market context.
54 Bay 26th Street is a fully detached three-family home offering multiple separate living areas. The first floor features three bedrooms, a bright living room, a large eat-in kitchen, and a full bathroom. The second floor offers a nearly identical layout with three bedrooms, a living room, an eat-in kitchen, and a full bathroom. The third floor includes a two-bedroom apartment with a living room, kitchen, and a full bathroom. A full basement adds additional space for storage, recreation, or other uses.
The home’s detached configuration supports natural light on all sides. It also includes a private driveway, providing off-street parking—an important convenience for Brooklyn living. The property is located in Bensonhurst, with access to everyday amenities such as shopping, supermarkets, restaurants, cafes, schools, parks, and local services. Commuting options include the D train and multiple bus lines, with quick access to the Belt Parkway and other major roadways.
This setup can suit tenants seeking distinct unit layouts, buyers looking for an owner-occupied arrangement, or investors interested in a three-unit residential income property. With separate floors and a full basement, the building provides straightforward flexibility for end users and multi-generational households who want additional space while maintaining rental income potential.
The home’s detached configuration supports natural light on all sides. It also includes a private driveway, providing off-street parking—an important convenience for Brooklyn living. The property is located in Bensonhurst, with access to everyday amenities such as shopping, supermarkets, restaurants, cafes, schools, parks, and local services. Commuting options include the D train and multiple bus lines, with quick access to the Belt Parkway and other major roadways.
This setup can suit tenants seeking distinct unit layouts, buyers looking for an owner-occupied arrangement, or investors interested in a three-unit residential income property. With separate floors and a full basement, the building provides straightforward flexibility for end users and multi-generational households who want additional space while maintaining rental income potential.
Key Highlights
- Fully detached three‑family home at 54 Bay 26th Street, Brooklyn, NY 11214
- Three separate levels of living space: 1st and 2nd floors each offer 3 bedrooms, living room, eat‑in kitchen, and full bath
- 3rd floor apartment has 2 bedrooms plus living room, kitchen, and full bath for additional rental income or private living
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
$75,306
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
5.02%
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%
$1,506,120
$1.5M
Cap Rate 7%
$1,075,800
$1.1M
Cap Rate 9%
$836,733
$836.7K
Market Conditions
NOI Build-Up for 2,761 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
$112.6K $40.80/SF
− Vacancy
−$5.1K −$1.84/SF
EGI
$107.6K $38.96/SF
− OpEx
−$32.3K −$11.69/SF
NOI
$75.3K $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%
$1,506,120
Cap Rate 7%
$1,075,800
Cap Rate 9%
$836,733
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.3K – $1.26M
NOI $75,306 @ 7.0% cap · market cap 5.02%
Second Best
Apartment 5plus
$964.2K
$843.6K – $1.12M
NOI $67,491 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,744 @ 7.0% cap · market cap 7.52%
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
3,961
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 - Detached three-unit Brooklyn residence offers flexible living or rental layouts with off-street parking and basement storage.
Where is this triplex located?
The property is located at 54 Bay 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Fully detached three‑family home at 54 Bay 26th Street, Brooklyn, NY 11214; Three separate levels of living space: 1st and 2nd floors each offer 3 bedrooms, living room, eat‑in kitchen, and full bath; 3rd floor apartment has 2 bedrooms plus living room, kitchen, and full bath for additional rental income or private living
