Brick Two-Family
For Sale
$1,350,000
57 Bay 13th Street, Brooklyn, NY 11214
Residential Income, Brooklyn, NY
Property Size1,968 SF
Lot Size0.05 Acres
Price / SF$685.98
Days on Market10
Property Features for 57 Bay 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
Parking features
On Street
Patio and Porch features
Patio, Deck
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Basement
Unfinished
Lot features
Back Yard
Subdivision
Bensonhurst
Standard status
Active
APN
06364-0018
Size
1,968 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6450
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Building materials
Brick, Stucco, Vinyl Siding
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Salvatore C Settepani
(631) 926-7909
Added: Sep 22
Changed: Sep 23
Last Checked: Oct 1 at 3:06PM
MLS# 2605373
Copyright © 2026 Staten Island Board of Realtors. 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 two-unit duplex is a brick row home built in 1899, offering 1,968 square feet of residential space on a 0.0497-acre lot. The property includes two bathrooms, four bedrooms, walk-in closet space, ceiling fans, a patio, and a deck. Construction materials include brick, stucco, and vinyl siding, with natural gas and steam heating.
Situated at 57 Bay 13th Street in Brooklyn’s Bath Beach section, the property is near local shops, restaurants, schools, parks, public transportation, and nearby roadways. R5 zoning and public sewer service are in place, while parking is provided on the street. The roof is reported at 10-12 years, and the windows are 8 years old.
Situated at 57 Bay 13th Street in Brooklyn’s Bath Beach section, the property is near local shops, restaurants, schools, parks, public transportation, and nearby roadways. R5 zoning and public sewer service are in place, while parking is provided on the street. The roof is reported at 10-12 years, and the windows are 8 years old.
Key Highlights
- Two residential units in a 1,968‑square‑foot duplex
- 0.0497‑acre lot with R5 zoning
- Brick row home built in 1899
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
$53,677
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
3.98%
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%
$1,073,540
$1.1M
Cap Rate 7%
$766,814
$766.8K
Cap Rate 9%
$596,411
$596.4K
Market Conditions
NOI Build-Up for 1,968 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
$80.3K $40.80/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$76.7K $38.96/SF
− OpEx
−$23.0K −$11.69/SF
NOI
$53.7K $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%
$1,073,540
Cap Rate 7%
$766,814
Cap Rate 9%
$596,411
Alternative Uses
Best Use
Multifamily LT 5
$766.8K
$671.0K – $894.6K
NOI $53,677 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$687.2K
$601.3K – $801.8K
NOI $48,107 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,362 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,492
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with patios, a deck, street parking, and access to public sewer service.
Where is this duplex located?
The property is located at 57 Bay 13th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two residential units in a 1,968‑square‑foot duplex; 0.0497‑acre lot with R5 zoning; Brick row home built in 1899
