Two-Family Brick
For Sale
$819,900
10117 Avenue K, Brooklyn, NY 11236
Residential, Brooklyn, NY
Property Size1,596 SF
Lot Size0.04 Acres
Price / SF$513.72
Days on Market115
Property Features for 10117 Avenue K
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Full, Partial
Subdivision
Canarsie
Standard status
Active
Size
1,596 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5112
Building Details
Year built
1955
Floors in Building
1
Number of units
2
Building materials
Brick
Roof type
Shingle
Listing Agency:
Exit All Seasons Realty
(718) 345-4545
Listed By:
Jaroslaw Kaszuba
(917) 903-3103
Added: May 19
Changed: Sep 5
Last Checked: Sep 10 at 1:06PM
MLS# 501591
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 two-family duplex contains 1,596 square feet arranged across two levels, with a two-bedroom apartment on each floor. The 1955 brick residence includes a private driveway, shingle roofing, a refrigerator, and a stove. R5B zoning and the two-unit configuration support its established residential income-property profile.
Located in Canarsie, the property is a short distance from the L train for connections toward Brooklyn and Manhattan. Canarsie Pier and Canarsie Park are also nearby, with the park offering trails and sports courts. The property sits on a 0.0442-acre lot at 10117 Avenue K in Brooklyn.
Located in Canarsie, the property is a short distance from the L train for connections toward Brooklyn and Manhattan. Canarsie Pier and Canarsie Park are also nearby, with the park offering trails and sports courts. The property sits on a 0.0442-acre lot at 10117 Avenue K in Brooklyn.
Key Highlights
- Two‑family duplex with a two‑bedroom apartment on each level
- 1,596 square feet on a 0.0442‑acre lot
- Private driveway provides on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,895
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,117,900
$1.1M
Cap Rate 7%
$798,500
$798.5K
Cap Rate 9%
$621,056
$621.1K
Market Conditions
NOI Build-Up for 1,596 SF
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.
Gross rent
$81.4K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$79.8K $50.03/SF
− OpEx
−$24.0K −$15.01/SF
NOI
$55.9K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,117,900
Cap Rate 7%
$798,500
Cap Rate 9%
$621,056
Alternative Uses
Best Use
Multifamily LT 5
$798.5K
$698.7K – $931.6K
NOI $55,895 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$696.1K
$609.1K – $812.1K
NOI $48,724 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,504 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two levels provide two-bedroom apartment layouts, private driveway parking, and access to nearby transit and recreation.
Where is this duplex located?
The property is located at 10117 Avenue K Brooklyn, NY.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: Two‑family duplex with a two‑bedroom apartment on each level; 1,596 square feet on a 0.0442‑acre lot; Private driveway provides on‑site parking
