54 Bay 26th St · New York, NY 11214

$1,499,000

None bd · 12.0 ba · 2,721 sqft · MultiFamily public records · 17 Days on market

Built 1910 3,000 sqft lot Est $1624k · 8% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +18.1/30.0
• ARV discount +11.0/15.0
• DSCR +5.7/10.0
• Schools +5.0/10.0
• Rent growth +4.0/5.0
• 1% rule +3.9/10.0
• Livability +3.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 3 units. confirmed

Listing remarks

Welcome to 54 Bay 26th Street, Brooklyn, NY 11214, a rare opportunity to own a fully detached three-family home in the heart of Bensonhurst. Offering tremendous income potential, flexible living arrangements, and a highly desirable location, this property is ideal for investors, end users, or multi-generational families seeking space and convenience. The first floor features three spacious bedrooms, a bright living room, a large eat-in kitchen, and a full bathroom. The second floor offers a nearly identical layout with three bedrooms, a living room, an eat-in kitchen, and a full bathroom. The third floor consists of a comfortable two-bedroom apartment with a living room, kitchen, and full b

Key facts

• Large eat in kitchen
• Private driveway
• Three family home

Tags

• FULLY DETACHED HOME
• THREE FAMILY HOME
• BRIGHT LIVING ROOM
• LARGE EAT IN KITCHEN
• FULL BASEMENT
• PRIVATE DRIVEWAY

Property features AI

Finance

• Financial info: Financing options may include exchange, assumption, bank mortgage or cash

Exterior

• Parking: Private drive with space for 2 vehicles
• Utilities: 220V electric service; Gas hot water; Gas heating; Hot water heat delivery
• Home design: Detached residential building; Flat roof; Block foundation; Building footprint approximately 1,225; Building dimensions about 49.00 x 25.00
• Construction: Wood frame construction; Flat roof; Block foundation; Siding
• Exterior features: Back yard; Siding exterior

Interior

• Bedrooms: 3 bedrooms on first level; 3 bedrooms on second level; 2 bedrooms on third level
• Flooring: Hardwood floors
• Bathrooms: 4 full bathrooms (one on each level)
• Heating & cooling: Gas-fired hot water heating; 220V electrical service; No central AC units listed
• Interior features: Hardwood floors; Full basement

What this means for you Summary

Snapshot

• This is a 2×3bd/1.0ba + 1×2bd/1.0ba units multifamily listed at $1.50M.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive. Per door: $435/mo.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $1.34M (10.7% below list).
• Recommended offer: $1.34M (10.7% below list) — sets the bar for 1% rule.
• Cap rate 7.3% vs local median 2.6% in New York — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 75/100 on livability (#268 in NY, #4,188 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime F, cost of living F.
• Zoned schools: Ps 200 Benson School (math 67% / reading 77%, grade A-, #378 of 2,108 statewide, top 20%, 1,267 students, 86% FRL); Is 281 Joseph B Cavallaro (math 47% / reading 57%, grade C+, #241 of 729 statewide, top 35%, 1,164 students, 85% FRL); Midwood High School (math 94% / reading 96%, grade A+, #83 of 1,100 statewide, top 8%, 4,062 students, 73% FRL).
• Market conditions: Rents rising fast (+5.9%/yr); 334 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 10,063 units permitted in Kings County in 2024 (9,789 in 5+ unit buildings).
• At $13,386/mo this rent would consume 244% of the median local household income ($66k/yr) (locally 6028% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $10k of loan paydown is wiped out by about $45k of value loss. Plan a longer hold.
• Kings County population projected at +13% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 17 days — a 2% lower offer ($1.48M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 68% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,338,600 (10.7% below list)

Questions for the listing agent

1. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
2. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
3. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.89% ✗
• Cap rate: 7.34%
• Cash-on-cash: 3.73%
• DSCR: 1.17
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $1,624,437
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
62 Bay 26th St	0.01mi	7/3.0	2,880 (+6%)	5mo	$1,370,000	$476	66
187 Bay 26th St	0.25mi	4/3.0	2,843 (+4%)	1mo	$1,480,000	$521	60
8743 Bay 16th St	0.49mi	7/9.0	2,800 (+3%)	3mo	$1,999,999	$714	58
8309 19th Ave	0.31mi	8/6.5	2,648 (-3%)	7mo	$1,850,000	$699	56
1931 85th St	0.24mi	6/2.0	3,025 (+11%)	6mo	$1,666,000	$551	46
2365 82nd St	0.56mi	8/4.0	2,800 (+3%)	7mo	$1,800,000	$643	43
1828 84th St	0.39mi	6/2.5	3,000 (+10%)	5mo	$1,780,000	$593	41
2265 78th St	0.60mi	5/6.0	2,538 (-7%)	2mo	$1,530,000	$603	40
58 Bay 41 St	0.74mi	5/4.0	2,646 (-3%)	6mo	$1,580,000	$597	36
1855 Bay Ridge Pkwy	0.71mi	5/4.0	2,600 (-4%)	5mo	$2,370,000	$912	35
32 Bay 34th St	0.40mi	5/4.0	2,320 (-15%)	5mo	$1,290,000	$556	32
8880 Bay 16th St	0.63mi	5/2.5	2,520 (-7%)	7mo	$1,405,000	$558	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 5.87% rent growth · sell at horizon

5-year hold

• IRR: -7.6%
• Equity multiple: 0.71×
• Total profit: $-120,440
• Equity at exit: $223,506

10-year hold

• IRR: 5.0%
• Equity multiple: 1.41×
• Total profit: $173,388
• Equity at exit: $129,606

Cash invested: $419,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City New York: 0 Strongly Tenant-Friendly · D+34

Rent Stabilization Code; HSTPA; 6+ months in housing court.

Methodology + full state rankings →

ZIP-level market 11214

• Rents YoY: 5.9%
• Active inventory: 334
• Price-to-rent: 27.4×

Monthly cashflow live

• Estimated rent: $13,386 high
• Mortgage (P&I): −$7,861
• Tax from tax record: −$784 /mo · $9,404/yr
• Insurance: −$625
• HOA: −$0
• Vacancy / Maint / Mgmt: −$2,811
• Net cashflow: $1,306

Break-even live

Break-even rent $11,733

Max offer price $1,499,000

Occupancy floor 85%

Sensitivity live

Price	-10% $2,154	-5% $1,730	+0% $1,306	+5% $882	+10% $457
Rent	-10% $248	-5% $777	+0% $1,306	+5% $1,835	+10% $2,363
Rate	-1.0pp $2,061	-0.5pp $1,687	base $1,306	+0.5pp $917	+1.0pp $522

3-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	1	$9,102
1× unit	2	1	$4,284
Total (3 units)			$13,386

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $374,750
• Closing costs: $44,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
187 Bay 31st St #1 Brooklyn, NY	3.0	3.0	1800	$5,200	$2.89	20d	1	0.38mi

Listing history 10 events

1. 2026-06-21
   days on market $1,499,000 Active 17 DOM
2. 2026-06-18
   days on market $1,499,000 Active 14 DOM
3. 2026-06-17
   days on market $1,499,000 Active 13 DOM
4. 2026-06-16
   days on market $1,499,000 Active 12 DOM
5. 2026-06-15
   days on market $1,499,000 Active 11 DOM
6. 2026-06-13
   days on market $1,499,000 Active 9 DOM
7. 2026-06-09
   days on market $1,499,000 Active 5 DOM
8. 2026-06-08
   days on market $1,499,000 Active 4 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $1,499,000 Active 3 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NY · Partial reset (capped growth)

• Current annual tax: $9,404 · $784/mo
• Projected year-2 tax: $17,368 · $1,447/mo
• Expected delta: +$7,965/yr (+$664/mo · 84.7%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 68% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $160,632
• − Mortgage interest: −$83,967
• − Property taxes: −$9,404
• − Insurance: −$7,495
• − Repairs & maintenance: −$12,851
• − Management: −$12,851
• − Depreciation: −$43,607
• Taxable loss: −$9,542
• Est. tax savings @ 24.0%: +$2,290
• After-tax cash flow: $17,960/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — New York

• Score: 75/100
• State rank: #268
• US rank: #4188

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A- Housing C+ Health & safety A User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: New York, NY
• County: Kings County · 2,614,986 people
• City population: 7,731,280
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 89,397
• Household income: $65,895
• Rent vs Own: 65.4% rent · 34.6% own
• Severe rent burden: 6028.0

Population outlook (Kings County) Hauer SSP2

• Today (2025): 2,847,441 people
• By 2030: 2,937,006 · +3.1%
• By 2040: 3,095,491 · +8.7%
• By 2050: 3,228,968 · +13.4%
• By 2075: 3,321,723 · +16.7%
• By 2100: 3,111,387 · +9.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.67)
• Race & ethnicity: White 40% Asian 38% Hispanic / Latino 17% Two or more races 6% Black 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3% Dominican 2%
• Common ancestry: Scotch-Irish 4% Subsaharan African 3% Romanian 2%
• Foreign-born: 56% · China, Canada, Vietnam
• Languages at home: 26% English-only · Chinese 28% Russian/Polish/Slavic 15% Spanish 13%

Political lean MEDSL · Kings

• 2024 margin: Solid D (+44.0) · D 72.0% · R 28.0%
• 2008→2024 swing: -15.5pp toward R · 2008: 59.4pp · 2024: 44.0pp
• All cycles: 2024: D+44.0 2020: D+54.8 2016: D+61.8 2012: D+63.9 2008: D+59.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -184.55%
• Current HPI: 276.0804
• Rent YoY: ▲ 5.87%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+71281.0% since first listed

2 events — show timeline

• 2026-06-04 Listed $1,499,000 BNYMLS
• 2022-03-20 Price Changed $2,100 RENT.

Property tax history

+4.8%/yr

Latest (2025): $9,404 · -0.1% YoY. Source: county tax records.