Four-Unit Brick Apartment
New
For Sale
$1,859,000
1060 39th Street, Brooklyn, NY 11219
Residential, Duplex, Brooklyn, NY
Property Size1,900 SF
Lot Size0.04 Acres
Price / SF$978.42
Days on Market2
Property Features for 1060 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4
Interior features
A/C Unit, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Boro-Park
Standard status
Active
Size
1,900 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
18472
Building Details
Number of units
5
Flooring type
Parquet Wood, Laminate
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Reliance Realty One LLC
(646) 881-6225
Listed By:
Lindong Huang · License #10401343989
(917) 318-8007
Added: Oct 2
Last Checked: Oct 3 at 4:06AM
MLS# 505038
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 brick apartment property contains four residences across two floors. The first floor has two 2-bedroom, 1-bathroom apartments. Upstairs are a 2-bedroom, 1-bathroom unit and a 3-bedroom, 1-bathroom unit, for a total of 10 bedrooms and 5 full bathrooms. A full basement provides storage and utility space.
Interior features include air-conditioning units, a refrigerator, and a stove. Flooring consists of parquet wood and laminate, and the building has a flat roof. The property occupies a 0.0437-acre lot and contains 1,900 square feet.
Interior features include air-conditioning units, a refrigerator, and a stove. Flooring consists of parquet wood and laminate, and the building has a flat roof. The property occupies a 0.0437-acre lot and contains 1,900 square feet.
Key Highlights
- Four residential units in a brick building
- 10 bedrooms and 5 full bathrooms across four apartments
- First floor includes two 2‑bedroom, 1‑bathroom units
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
$54,870
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
2.95%
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%
$1,097,400
$1.1M
Cap Rate 7%
$783,857
$783.9K
Cap Rate 9%
$609,667
$609.7K
Market Conditions
NOI Build-Up for 1,900 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
$82.1K $43.20/SF
− Vacancy
−$3.7K −$1.94/SF
EGI
$78.4K $41.26/SF
− OpEx
−$23.5K −$12.38/SF
NOI
$54.9K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,097,400
Cap Rate 7%
$783,857
Cap Rate 9%
$609,667
Alternative Uses
Best Use
Multifamily LT 5
$783.9K
$685.9K – $914.5K
NOI $54,870 @ 7.0% cap · market cap 2.95%
Second Best
Apartment 5plus
$703.6K
$615.7K – $820.9K
NOI $49,255 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,220 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
5,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
Check the figures for this property
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?
Quadplex - Four residences are arranged across two floors, with a basement for storage and utility space.
Where is this quadplex located?
The property is located at 1060 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,859,000.
What are key features of this property?
This property features: Four residential units in a brick building; 10 bedrooms and 5 full bathrooms across four apartments; First floor includes two 2‑bedroom, 1‑bathroom units
