Three-Family Home with
8614 Bay 16th Street, Brooklyn, NY 11214
For Sale
$2,088,000
Residential, Brooklyn, NY
Property Size3,180 SF
Lot Size0.04 Acres
Price / SF$656.60
Days on Market106
Property Features for 8614 Bay 16th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
fully finished basement
private front driveway
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Momentum Real Estate LLC
Listed By:
Meijuan (Minnie) Lin · License NY MJL6058
(718) 382-0001
Added: Aug 2
Changed: Oct 28
Last Checked: Nov 15 at 5:06PM
MLS# 503463
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 3,180-square-foot brick triplex contains three residential units, each arranged with 3 bedrooms. The first-floor residence has 1 full bathroom, while the second- and third-floor units each include 1.5 bathrooms. Hardwood flooring, wall-mounted A/C units, a finished basement, a flat roof, and garage parking are among the property’s physical features. Constructed in 2002, the home sits on a 0.0444-acre lot and is zoned R5.
The property is located at 8614 Bay 16th Street in Brooklyn’s 11214 postal area. Shopping, restaurants, public transportation, and schools are identified in the surrounding area, providing access to several everyday services and transit options.
The property is located at 8614 Bay 16th Street in Brooklyn’s 11214 postal area. Shopping, restaurants, public transportation, and schools are identified in the surrounding area, providing access to several everyday services and transit options.
Key Highlights
- 3,180‑square‑foot brick triplex with three residential units
- Each unit includes 3 bedrooms
- Bathroom configuration includes 1 full bath on the first floor and 1.5 baths on the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,734
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,734,680
$1.7M
Cap Rate 7%
$1,239,057
$1.2M
Cap Rate 9%
$963,711
$963.7K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$129.7K $40.80/SF
− Vacancy
−$5.8K −$1.84/SF
EGI
$123.9K $38.96/SF
− OpEx
−$37.2K −$11.69/SF
NOI
$86.7K $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 Rate 5%
$1,734,680
Cap Rate 7%
$1,239,057
Cap Rate 9%
$963,711
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.45M
NOI $86,734 @ 7.0% cap · market cap 4.15%
Second Best
Apartment 5plus
$1.11M
$971.7K – $1.30M
NOI $77,733 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.86M
$1.62M – $2.16M
NOI $129,854 @ 7.0% cap · market cap 6.22%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
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
$1,007,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Each residence offers three bedrooms, with a finished basement and R5 zoning.
Where is this triplex located?
The property is located at 8614 Bay 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,088,000.
What are key features of this property?
This property features: 3,180‑square‑foot brick triplex with three residential units; Each unit includes 3 bedrooms; Bathroom configuration includes 1 full bath on the first floor and 1.5 baths on the second and third floors
