Detached Triplex with Private
For Sale
$1,499,000
54 Bay 26th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,761 SF
Lot Size0.07 Acres
Price / SF$542.92
Days on Market94
Property Features for 54 Bay 26th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Basement
Full
Subdivision
Bensonhurst
Standard status
Active
Size
2,761 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9404
Building Details
Floors in Building
3
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Raymond Ng · License #10491211929
(646) 996-7933
Added: Jun 4
Changed: Aug 21
Last Checked: Sep 5 at 1:06PM
MLS# 501992
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 fully detached triplex contains 2,761 square feet across three apartments. The first and second floors each offer three bedrooms, a living room, an eat-in kitchen, and a full bathroom. The third-floor apartment includes two bedrooms, a living room, a kitchen, and a full bathroom. A full basement adds storage and recreational space, while hardwood flooring, wood-frame construction, and a flat roof complete the existing improvements.
A private driveway provides off-street parking. The property is located near 86th Street's commercial district, Caesar's Bay Shopping Center, local restaurants, supermarkets, schools, parks, and other neighborhood services. Transit access includes the D train and multiple bus lines, with roadway connections to the Belt Parkway.
A private driveway provides off-street parking. The property is located near 86th Street's commercial district, Caesar's Bay Shopping Center, local restaurants, supermarkets, schools, parks, and other neighborhood services. Transit access includes the D train and multiple bus lines, with roadway connections to the Belt Parkway.
Key Highlights
- Fully detached three‑family property with 2,761 square feet
- Two three‑bedroom apartments, each with a living room, eat‑in kitchen, and full bathroom
- Third‑floor two‑bedroom apartment with living room, kitchen, and full bathroom
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
Yes
Highway access
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 - Three apartments, a full basement, and off-street parking provide flexible residential income and living options.
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 property with 2,761 square feet; Two three‑bedroom apartments, each with a living room, eat‑in kitchen, and full bathroom; Third‑floor two‑bedroom apartment with living room, kitchen, and full bathroom
