Brick Duplex with Finished
New
For Sale
$1,379,000
1269 E 70th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size3,448 SF
Lot Size0.12 Acres
Price / SF$399.94
Days on Market5
Property Features for 1269 E 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bathrooms
6
Full bathrooms
5
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 6, Bathroom 5, Bathroom 4
Patio and Porch features
Deck
Interior features
Central Air, Deck, Dishwasher, Refrigerator, Stove
Basement
Finished
Subdivision
Georgetown
Standard status
Active
Size
3,448 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
11939
Amenities
central air
newer boiler
hot water tank
French doors
glass shower enclosures
pantry/laundry
window treatments
Trex deck
sprinklers
camera system
Building Details
Year built
1970
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Talk of the Town Realty Corp.
(718) 251-7400
Listed By:
Arlene Peldman
(718) 251-7400
Added: Aug 24
Changed: Aug 26
Last Checked: Aug 28 at 11:06AM
MLS# 503998
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 semi-detached brick duplex contains 3,448 square feet and was built in 1970. The property includes 7 bedrooms, 5 full bathrooms, and a finished basement with an additional half bath. Both apartments have renovated kitchens with refrigerators, dishwashers, stoves, and ovens. Central air, a newer boiler, a newer hot water tank, hardwood flooring, French doors, glass shower enclosures, window treatments, and a large pantry or laundry area add to the interior specification.
The property occupies a 31' x 170' lot totaling 0.1213 acres and is zoned R3-2. Exterior features include a brand-new 20' x 20' Trex deck, sprinklers, and a camera system throughout the property. The two-family configuration provides a defined multifamily layout for residential occupancy or investment use.
The property occupies a 31' x 170' lot totaling 0.1213 acres and is zoned R3-2. Exterior features include a brand-new 20' x 20' Trex deck, sprinklers, and a camera system throughout the property. The two-family configuration provides a defined multifamily layout for residential occupancy or investment use.
Key Highlights
- 3,448 square feet on a 0.1213‑acre lot
- 7 bedrooms, 5 full bathrooms, and an additional half bath
- 31' x 170' property zoned R3‑2
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
$120,755
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
8.76%
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%
$2,415,100
$2.4M
Cap Rate 7%
$1,725,071
$1.7M
Cap Rate 9%
$1,341,722
$1.3M
Market Conditions
NOI Build-Up for 3,448 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
$175.8K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$172.5K $50.03/SF
− OpEx
−$51.8K −$15.01/SF
NOI
$120.8K $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%
$2,415,100
Cap Rate 7%
$1,725,071
Cap Rate 9%
$1,341,722
Alternative Uses
Best Use
Multifamily LT 5
$1.73M
$1.51M – $2.01M
NOI $120,755 @ 7.0% cap · market cap 8.76%
Second Best
Apartment 5plus
$1.50M
$1.32M – $1.75M
NOI $105,264 @ 7.0% cap · market cap 7.63%
Theoretical Best
Specialty Retail
$2.85M
$2.50M – $3.33M
NOI $199,846 @ 7.0% cap · market cap 14.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,369
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached two-family property with renovated kitchens, central air, and a new Trex deck.
Where is this duplex located?
The property is located at 1269 E 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,379,000.
What are key features of this property?
This property features: 3,448 square feet on a 0.1213‑acre lot; 7 bedrooms, 5 full bathrooms, and an additional half bath; 31' x 170' property zoned R3‑2
