Two-Family Corner Home with
8686 Bay 16th Street Brooklyn, NY 11214
New
8686 Bay 16th Street, Brooklyn, NY, 11214
$1,699,000
For Sale
$1,699,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,032 SF
Lot Size0.05 Acres
Price / SF$836.12
Days on Market3
Property Features for 8686 Bay 16th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2
- Parking features
- Garage - Attached
- Patio and Porch features
- Porch
- Interior features
- A/C Unit - Wall, A/C Unit - Window, Central Air - Split, Dryer, Garage Door Opener(s), Porch, Refrigerator, Stove, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,032 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8117
Building Details
- Year built
- 1910
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Wood Frame
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
RE/MAX Edge
(718) 612-3088
1812 Bath Ave, Brooklyn, NY
Listed by
Ivan Li
(718) 612-3088
Added: Jul 16 Checked: Jul 18 at 2:06 pm
MLS# 503075
Listing URL
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.
Semi-detached two-family corner home offering bright interiors with lots of windows, a side yard, and a backyard. The first-floor rental unit occupies the full first level with its own separate entrance and includes two bedrooms, a full bathroom, and an eat-in kitchen with ceramic tile, with hardwood floors throughout the remaining living space.
The second and third floors are arranged as an owner’s duplex. The second level features hardwood flooring, oversized rooms, an eat-in kitchen, formal dining room, living room, and a primary bedroom with a full bathroom. The third level includes two additional bedrooms, a full bathroom, and access to a private outdoor patio.
A fully finished basement includes a separate entrance and a bathroom with a standup shower. Two fully detached garages with separate doors are included on-site.
The second and third floors are arranged as an owner’s duplex. The second level features hardwood flooring, oversized rooms, an eat-in kitchen, formal dining room, living room, and a primary bedroom with a full bathroom. The third level includes two additional bedrooms, a full bathroom, and access to a private outdoor patio.
A fully finished basement includes a separate entrance and a bathroom with a standup shower. Two fully detached garages with separate doors are included on-site.
Key Highlights
- 1910 wood‑frame semi‑detached two‑family corner home with asphalt roof
- First‑floor rental unit with separate entrance features 2 bedrooms, 1 full bathroom, and eat‑in kitchen
- Owner duplex on 2nd & 3rd floors includes eat‑in kitchen, formal dining room, living room, and primary bedroom with full bath
Local 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 | $82.9k | $40.80 |
| − Vacancy | −$3.7k | −$1.84 |
| EGI | $79.2k | $38.96 |
| − OpEx | −$23.8k | −$11.69 |
| NOI | $55.4k | $27.27 |
2,032 SF · lease $40.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$791.7K
$692.8K – $923.7K
NOI $55,422 @ 7.0% cap · market cap 3.26%
Second Best
Apartment 5plus
$709.6K
$620.9K – $827.9K
NOI $49,671 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $82,976 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Semi-detached two-family corner home with two detached garages, side yard, backyard, and a finished basement with a separate entrance.
Where is this duplex located?
The property is located at 8686 Bay 16th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 1910 wood‑frame semi‑detached two‑family corner home with asphalt roof; First‑floor rental unit with separate entrance features 2 bedrooms, 1 full bathroom, and eat‑in kitchen; Owner duplex on 2nd & 3rd floors includes eat‑in kitchen, formal dining room, living room, and primary bedroom with full bath
