Two-Family Townhouse with Private
For Sale
$1,199,999
134 20th Street, Brooklyn, NY 11232
MULTI_FAMILY - Brooklyn, NY
Property Size1,125 SF
Lot Size0.04 Acres
Price / SF$1,066
Days on Market111
Property Features for 134 20th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M1-2D
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
Patio and Porch features
Porch, Patio
Interior features
A/C Unit, A/C Unit - Window, Dryer, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Greenwood Heights
Standard status
Active
Size
1,125 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3033
Amenities
private backyard
oversized storage shed
basement with laundry
front balcony
Building Details
Year built
1910
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Julixa Campusano
(718) 532-2000
Added: Apr 25
Changed: Aug 5
Last Checked: Aug 13 at 12:06PM
MLS# 500825
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 two-family townhouse offers two independent residences within a well-maintained brick structure, built in 1910. The second-floor unit is a 2-bedroom, 1-bath layout with an open living and dining configuration. The ground-level unit features a 1-bedroom, 1-bath design. Hardwood flooring and natural light are highlighted throughout, along with an updated kitchen.
Outdoor space includes a private backyard with an oversized storage shed, plus a front balcony for outdoor seating. A basement adds practical functionality with laundry facilities and extra storage.
Additional interior features include window A/C units, a microwave, refrigerator, stove, washer, and dryer. The property is zoned M1-2D and sits on a lot measuring 0.0358 acres, with 1,125 square feet of property size.
Outdoor space includes a private backyard with an oversized storage shed, plus a front balcony for outdoor seating. A basement adds practical functionality with laundry facilities and extra storage.
Additional interior features include window A/C units, a microwave, refrigerator, stove, washer, and dryer. The property is zoned M1-2D and sits on a lot measuring 0.0358 acres, with 1,125 square feet of property size.
Key Highlights
- Two‑family townhouse with a 2‑bedroom, 1‑bath upper unit and a 1‑bedroom, 1‑bath ground unit
- Updated kitchen, hardwood floors, and open living/dining layout
- Private backyard plus oversized storage shed
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
$39,399
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
3.28%
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%
$787,980
$788.0K
Cap Rate 7%
$562,843
$562.8K
Cap Rate 9%
$437,767
$437.8K
Market Conditions
NOI Build-Up for 1,125 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
$57.4K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$56.3K $50.03/SF
− OpEx
−$16.9K −$15.01/SF
NOI
$39.4K $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%
$787,980
Cap Rate 7%
$562,843
Cap Rate 9%
$437,767
Alternative Uses
Best Use
Multifamily LT 5
$562.8K
$492.5K – $656.7K
NOI $39,399 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$490.6K
$429.3K – $572.4K
NOI $34,345 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$931.5K
$815.1K – $1.09M
NOI $65,205 @ 7.0% cap · market cap 5.43%
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
4,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
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 - Two-unit townhouse with hardwood floors, updated kitchen, and a private backyard with storage shed.
Where is this duplex located?
The property is located at 134 20th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Two‑family townhouse with a 2‑bedroom, 1‑bath upper unit and a 1‑bedroom, 1‑bath ground unit; Updated kitchen, hardwood floors, and open living/dining layout; Private backyard plus oversized storage shed
