Detached Duplex with Private
New
For Sale
$1,588,000
62 Bay 35th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,720 SF
Lot Size0.07 Acres
Price / SF$583.82
Days on Market7
Property Features for 62 Bay 35th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 2
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,720 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7887
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 24 at 6:06PM
MLS# 503871
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 detached duplex contains 2,720 square feet arranged across multiple levels. The main floor offers three bedrooms and basement access, while the upper floor provides two bedrooms through its own entrance. Separate access points support the existing two-unit configuration, and the property includes hardwood and tile flooring, a refrigerator, and a stove. Built in 1920 with wood-frame construction, the home also has separately metered heat, hot water, gas, and electric service.
The parcel measures approximately 30 feet by 97 feet, or 0.0666 acres. A private driveway provides room for multiple vehicles, complemented by a detached rear garage and outdoor space. The property is near the 86th Street commercial corridor, with supermarkets, restaurants, shops, banks, schools, and neighborhood services nearby. D subway access is available at the 86th Street and Bay Parkway stations.
The parcel measures approximately 30 feet by 97 feet, or 0.0666 acres. A private driveway provides room for multiple vehicles, complemented by a detached rear garage and outdoor space. The property is near the 86th Street commercial corridor, with supermarkets, restaurants, shops, banks, schools, and neighborhood services nearby. D subway access is available at the 86th Street and Bay Parkway stations.
Key Highlights
- 2,720‑square‑foot detached duplex built in 1920
- Main level has 3 bedrooms; upper level has 2 bedrooms and a dedicated entrance
- Approximately 30 feet by 97 feet lot measuring 0.0666 acres
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
$74,187
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
4.67%
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%
$1,483,740
$1.5M
Cap Rate 7%
$1,059,814
$1.1M
Cap Rate 9%
$824,300
$824.3K
Market Conditions
NOI Build-Up for 2,720 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
$111.0K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$106.0K $38.96/SF
− OpEx
−$31.8K −$11.69/SF
NOI
$74.2K $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%
$1,483,740
Cap Rate 7%
$1,059,814
Cap Rate 9%
$824,300
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$927.3K – $1.24M
NOI $74,187 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$949.8K
$831.1K – $1.11M
NOI $66,489 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,070 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,494
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-level detached residence with separate entrances, off-street parking, and a rear garage.
Where is this duplex located?
The property is located at 62 Bay 35th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,588,000.
What are key features of this property?
This property features: 2,720‑square‑foot detached duplex built in 1920; Main level has 3 bedrooms; upper level has 2 bedrooms and a dedicated entrance; Approximately 30 feet by 97 feet lot measuring 0.0666 acres
