Two-Family Duplex with Private
For Sale
$2,188,888
1030 73rd Street, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size2,437 SF
Lot Size0.07 Acres
Price / SF$898.19
Days on Market32
Property Features for 1030 73rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 2
Patio and Porch features
Deck, Porch
Interior features
A/C Unit - Wall, A/C Unit - Window, Central Air - Split, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Porch, Refrigerator, Stove, Terrace, Washer
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,437 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
11374
Amenities
hardwood floors
split ductless A/C and heating units
front porch
second-floor front and rear terraces
rear patio
finished paver backyard
finished tiled basement
electric car charger
Building Details
Year built
1905
Floors in Building
3
Flooring type
Ceramic, Hardwood
Building materials
Brick, Wood Frame
Architectural style
Victorian
Listing Agency:
Ben Bay Rlty Co of Ave U LLC
(718) 372-6442
Listed By:
Joseph F. Girgenti
(718) 372-6442
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 28 at 12:06AM
MLS# 503024
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.
1030 73rd Street is a well-maintained two-family duplex on a 0.0717-acre lot, built in 1905. The home is currently delivered vacant and offers 5 bedrooms across three levels, including 3 bedrooms on the second floor and 2 bedrooms on the third floor. There are 2 full tiled bathrooms on the upper levels plus a convenient half bath on the main floor. Interior finishes include hardwood floors in the main living areas and ceramic flooring in select spaces.
The first floor features a living room, formal dining room, and a spacious eat-in kitchen. Upstairs, split ductless A/C and heating units provide year-round comfort on the second and third floors, supported by four-zone heating covering the basement, first, second, and third floors. A finished tiled basement adds flexible recreation or additional space.
Outdoor living is a highlight, with a front porch, second-floor front and rear terraces, a rear patio, and a finished paver backyard. Off-street parking is available via a private driveway accommodating up to three cars, plus an electric car charger. The home also includes split central air and a wall/window A/C unit, along with appliances and laundry area.
The first floor features a living room, formal dining room, and a spacious eat-in kitchen. Upstairs, split ductless A/C and heating units provide year-round comfort on the second and third floors, supported by four-zone heating covering the basement, first, second, and third floors. A finished tiled basement adds flexible recreation or additional space.
Outdoor living is a highlight, with a front porch, second-floor front and rear terraces, a rear patio, and a finished paver backyard. Off-street parking is available via a private driveway accommodating up to three cars, plus an electric car charger. The home also includes split central air and a wall/window A/C unit, along with appliances and laundry area.
Key Highlights
- 0.0717‑acre lot and 2,437 SF two‑family duplex built in 1905
- 5 bedrooms with 3 bedrooms on the second floor and 2 bedrooms on the third floor
- 2 full tiled bathrooms plus a half bath on the main floor
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
$85,348
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
3.90%
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%
$1,706,960
$1.7M
Cap Rate 7%
$1,219,257
$1.2M
Cap Rate 9%
$948,311
$948.3K
Market Conditions
NOI Build-Up for 2,437 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
$124.3K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.9K $50.03/SF
− OpEx
−$36.6K −$15.01/SF
NOI
$85.3K $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%
$1,706,960
Cap Rate 7%
$1,219,257
Cap Rate 9%
$948,311
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,348 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$1.06M
$930.0K – $1.24M
NOI $74,399 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,249 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,439
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - R4-1 zoned two-family duplex with terraces, finished basement, and a private driveway for up to three cars.
Where is this duplex located?
The property is located at 1030 73rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,188,888.
What are key features of this property?
This property features: 0.0717‑acre lot and 2,437 SF two‑family duplex built in 1905; 5 bedrooms with 3 bedrooms on the second floor and 2 bedrooms on the third floor; 2 full tiled bathrooms plus a half bath on the main floor
