Two-Family Home with Finished
For Sale
$1,650,000
72 Bay 38th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size1,872 SF
Lot Size0.06 Acres
Price / SF$881.41
Days on Market51
Property Features for 72 Bay 38th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 2, Bathroom 4, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 5, Bathroom 1, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bath Beach
Standard status
Active
Size
1,872 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9306
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jun 11
Changed: Jul 31
Last Checked: Jul 31 at 9:06PM
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.
Investment Insights
Based on property information with market context.
This well-maintained two-family home offers generous living space with six bedrooms and three full bathrooms, plus a fully finished basement for added space. The home includes a private driveway and a generous backyard. Construction is brick with tile and hardwood flooring, and the flat roof was replaced with a new roof in 2024. Separate gas and electric meters are provided, supporting flexible occupancy and tenant convenience.
The property sits on a 0.0592-acre lot and has 1,872 square feet of space. Built in 1930 and zoned R5, it is positioned for everyday access to shopping, dining, and schools, with excellent public transit nearby via the 25th Avenue D train station.
Interior touches include a refrigerator and stove, supporting a practical move-in-ready setup.
The property sits on a 0.0592-acre lot and has 1,872 square feet of space. Built in 1930 and zoned R5, it is positioned for everyday access to shopping, dining, and schools, with excellent public transit nearby via the 25th Avenue D train station.
Interior touches include a refrigerator and stove, supporting a practical move-in-ready setup.
Key Highlights
- Six bedrooms and three full bathrooms in a two‑family layout
- Fully finished basement plus private driveway and a generous backyard
- New roof installed in 2024 with a flat roof
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.4k | $40.80 |
| − Vacancy | −$3.4k | −$1.84 |
| EGI | $72.9k | $38.96 |
| − OpEx | −$21.9k | −$11.69 |
| NOI | $51.1k | $27.27 |
1,872 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,954
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?
Duplex - Updated two-family home with six bedrooms, three full baths, and a fully finished basement, plus a new roof in 2024.
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: Six bedrooms and three full bathrooms in a two‑family layout; Fully finished basement plus private driveway and a generous backyard; New roof installed in 2024 with a flat roof
