Detached Two-Car Garage
For Sale
$2,650,000
1201 E 10th Street, Brooklyn, NY 11230
MULTI_FAMILY - Brooklyn, NY
Property Size2,280 SF
Lot Size0.05 Acres
Price / SF$1,162
Days on Market40
Property Features for 1201 E 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 5, Bathroom 1, Bathroom 4, Bathroom 3
Parking features
Garage - Detached
Interior features
A/C Unit, Central Air - Split, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Midwood
Standard status
Active
Size
2,280 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10071
Amenities
front porch
energy-efficient boiler
finished basement with separate entrance
attic storage
Cedar sauna
Building Details
Year built
1930
Floors in Building
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Listing Agency:
Real Broker NY LLC
(718) 256-4000
Listed By:
Ichok Landau
(718) 269-4598
Added: Jul 17
Changed: Aug 4
Last Checked: Aug 25 at 4:06AM
MLS# 503108
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.
Brick duplex in a corner configuration with R5 zoning. Built in 1930, the home includes a detached 2-car garage and central air (split) along with an A/C unit, with hardwood and ceramic flooring.
The property offers two residential units. Unit 1 features a front porch, a massive living room, an eat-in kitchen, two bedrooms, and a full bath. Unit 2 includes a sun-drenched living room, formal dining room, an eat-in kosher kitchen, three bedrooms, and a full bath.
Additional space includes a fully finished basement with a separate entrance, one extra room, and 2.5 baths, plus a luxury 3-person cedar sauna. There is also an attic for storage. A brand-new energy-efficient boiler supports heat and hot water. Lot size is 0.0528 acres and the property size is 2,280 square feet.
The property offers two residential units. Unit 1 features a front porch, a massive living room, an eat-in kitchen, two bedrooms, and a full bath. Unit 2 includes a sun-drenched living room, formal dining room, an eat-in kosher kitchen, three bedrooms, and a full bath.
Additional space includes a fully finished basement with a separate entrance, one extra room, and 2.5 baths, plus a luxury 3-person cedar sauna. There is also an attic for storage. A brand-new energy-efficient boiler supports heat and hot water. Lot size is 0.0528 acres and the property size is 2,280 square feet.
Key Highlights
- R5 zoned brick two‑family corner duplex built in 1930
- Detached 2‑car garage plus central air (split) and an A/C unit
- Unit 1: front porch, massive living room, eat‑in kitchen, 2 bedrooms, full bath
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
$79,849
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
3.01%
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%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 2,280 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
$116.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.1K $50.03/SF
− OpEx
−$34.2K −$15.01/SF
NOI
$79.8K $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%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,606 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,149 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,703
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 - R5 zoned brick two-family corner home with a detached two-car garage, plus finished basement and separate entrance.
Where is this duplex located?
The property is located at 1201 E 10th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: R5 zoned brick two‑family corner duplex built in 1930; Detached 2‑car garage plus central air (split) and an A/C unit; Unit 1: front porch, massive living room, eat‑in kitchen, 2 bedrooms, full bath
