Brick Duplex with Attached
For Sale
$1,699,000
114 Avenue N, Brooklyn, NY 11230
Residential, Triplex, Brooklyn, NY
Property Size3,103 SF
Lot Size0.05 Acres
Price / SF$547.53
Days on Market16
Property Features for 114 Avenue N
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
Parking features
Garage - Attached
Interior features
Stove
Basement
Full, Finished
Subdivision
Midwood
Standard status
Active
Size
3,103 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11901
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #10401215383
(917) 708-9966
Added: Aug 12
Changed: Aug 22
Last Checked: Aug 27 at 10:06PM
MLS# 503595
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 attached brick duplex at 114 Avenue N provides approximately 3,103 square feet across multiple levels, with six bedrooms and three full bathrooms. The configuration includes one bedroom on the first level, two bedrooms on the second, and three bedrooms on the upper level. A full finished basement expands the usable interior area. Hardwood and tile flooring, gas heat and hot water, a flat rubber roof, and a stove are also included.
The property sits on a 21 x 100 lot with a 21 x 54 building footprint. Exterior features include a private driveway, attached garage, parking for up to 3 vehicles, and enclosed front and rear yards. Built in 1960, the residence is near McDonald Avenue, the Avenue N F train station, and B9 bus service along Avenue N, with shopping and dining in the surrounding Midwood area.
The property sits on a 21 x 100 lot with a 21 x 54 building footprint. Exterior features include a private driveway, attached garage, parking for up to 3 vehicles, and enclosed front and rear yards. Built in 1960, the residence is near McDonald Avenue, the Avenue N F train station, and B9 bus service along Avenue N, with shopping and dining in the surrounding Midwood area.
Key Highlights
- 3,103 square feet with 6 bedrooms and 3 full bathrooms
- 21 x 100 lot with a 21 x 54 building footprint
- Full finished basement with hardwood and tile flooring
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
$108,672
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
6.40%
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%
$2,173,440
$2.2M
Cap Rate 7%
$1,552,457
$1.6M
Cap Rate 9%
$1,207,467
$1.2M
Market Conditions
NOI Build-Up for 3,103 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
$158.3K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.2K $50.03/SF
− OpEx
−$46.6K −$15.01/SF
NOI
$108.7K $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%
$2,173,440
Cap Rate 7%
$1,552,457
Cap Rate 9%
$1,207,467
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,672 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,731 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,850 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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 - Attached brick duplex with finished basement, private driveway, fenced yards, and convenient subway and bus access.
Where is this duplex located?
The property is located at 114 Avenue N 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: 3,103 square feet with 6 bedrooms and 3 full bathrooms; 21 x 100 lot with a 21 x 54 building footprint; Full finished basement with hardwood and tile flooring
