Brick Duplex with Finished
72 Bay 38th Street, Brooklyn, NY 11214
For Sale
$1,650,000
Residential, Brooklyn, NY
Property Size1,872 SF
Lot Size0.06 Acres
Price / SF$881.41
Days on Market153
Property Features for 72 Bay 38th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License NY HC3855
(917) 708-9966
Added: Jun 11
Changed: Nov 8
Last Checked: Nov 10 at 3:06AM
MLS# 502234
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.
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Investment Insights
Based on property information with market context.
This 1,872-square-foot brick duplex, built in 1930, includes 6 bedrooms and 3 full bathrooms. The fully finished basement adds usable interior space, while hardwood and tile flooring, a flat roof, refrigerator, and stove are among the recorded features. A new roof was installed in 2024.
The property occupies 0.0592 acres and includes a private driveway and backyard. It is zoned R5 and located near shopping, dining, schools, and neighborhood amenities, with access to the 25th Avenue D train station. Separate gas and electric meters support the two-family configuration.
The property occupies 0.0592 acres and includes a private driveway and backyard. It is zoned R5 and located near shopping, dining, schools, and neighborhood amenities, with access to the 25th Avenue D train station. Separate gas and electric meters support the two-family configuration.
Key Highlights
- 6‑bedroom, 3‑full‑bath duplex with 1,872 square feet
- Fully finished basement adds interior space
- New roof installed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,058
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,160
$1.0M
Cap Rate 7%
$729,400
$729.4K
Cap Rate 9%
$567,311
$567.3K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$76.4K $40.80/SF
− Vacancy
−$3.4K −$1.84/SF
EGI
$72.9K $38.96/SF
− OpEx
−$21.9K −$11.69/SF
NOI
$51.1K $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 Rate 5%
$1,021,160
Cap Rate 7%
$729,400
Cap Rate 9%
$567,311
Alternative Uses
Best Use
Multifamily LT 5
$729.4K
$638.2K – $851.0K
NOI $51,058 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$653.7K
$572.0K – $762.7K
NOI $45,760 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$1.09M
$955.5K – $1.27M
NOI $76,442 @ 7.0% cap · market cap 4.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,954
Businesses Nearby
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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
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family property with separate gas and electric meters, private driveway, and backyard.
Where is this duplex located?
The property is located at 72 Bay 38th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6‑bedroom, 3‑full‑bath duplex with 1,872 square feet; Fully finished basement adds interior space; New roof installed in 2024
