Vacant Two-Family Brick
For Sale
$849,000
1438 E 100th Street, Brooklyn, NY 11236
MULTI_FAMILY - Brooklyn, NY
Property Size880 SF
Lot Size0.05 Acres
Price / SF$964.77
Days on Market12
Property Features for 1438 E 100th Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 2
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Canarsie
Standard status
Active
Size
880 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6579
Amenities
private driveway
attached built-in garage
private backyard
finished basement
updated kitchen
renovated bathroom
separate gas and electric meters
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Ranch
Listing Agency:
JC Real Estate Capital Inc
(718) 513-1885
Listed By:
Jean-Claude Ho
(718) 513-1885
Added: Jul 30
Changed: Aug 7
Last Checked: Aug 10 at 1:06AM
MLS# 503390
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.
Welcome to this fully vacant two-family brick duplex at 1438 E 100th Street. The first-floor unit features a one-bedroom layout with a bright living room, an updated eat-in kitchen with granite countertops, abundant cabinetry, a built-in wall oven, and a gas cooktop. The renovated bathroom includes a tiled walk-in shower, a marble-top vanity, and a therapeutic walk-in soaking tub. The oversized bedroom provides direct access to the private backyard.
The upper level offers a two-bedroom apartment with generously sized bedrooms and an eat-in kitchen with abundant cabinetry, laminate countertops, a built-in double wall oven, and a gas cooktop. This unit also has access to a private rear deck overlooking the backyard. The finished basement has approximately 6.5-foot ceilings, an open recreation area with luxury vinyl plank flooring and recessed lighting, and direct access to the backyard—well suited as a family room, home office, gym, or additional storage.
Set on a 0.0459-acre lot, the property was built in 1960 and is zoned R4. Additional updates include replacement windows (approximately 2 years old), a roof (approximately 3–4 years old), an updated electrical panel, a Green Mountain gas boiler, and a 50-gallon A.O. Smith natural gas hot water heater with an installation year of 2026. The home has separate gas and electric meters, plus a private driveway and an attached built-in garage. Seller requests a 90-day post-closing leaseback.
The upper level offers a two-bedroom apartment with generously sized bedrooms and an eat-in kitchen with abundant cabinetry, laminate countertops, a built-in double wall oven, and a gas cooktop. This unit also has access to a private rear deck overlooking the backyard. The finished basement has approximately 6.5-foot ceilings, an open recreation area with luxury vinyl plank flooring and recessed lighting, and direct access to the backyard—well suited as a family room, home office, gym, or additional storage.
Set on a 0.0459-acre lot, the property was built in 1960 and is zoned R4. Additional updates include replacement windows (approximately 2 years old), a roof (approximately 3–4 years old), an updated electrical panel, a Green Mountain gas boiler, and a 50-gallon A.O. Smith natural gas hot water heater with an installation year of 2026. The home has separate gas and electric meters, plus a private driveway and an attached built-in garage. Seller requests a 90-day post-closing leaseback.
Key Highlights
- Fully vacant two‑family brick duplex with private backyard and attached built‑in garage
- Zoned R4 on a 0.0459‑acre lot at 1438 E 100th Street
- Finished basement with approximately 6.5‑foot ceilings, open recreation area, and direct backyard access
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
$30,819
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
3.63%
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%
$616,380
$616.4K
Cap Rate 7%
$440,271
$440.3K
Cap Rate 9%
$342,433
$342.4K
Market Conditions
NOI Build-Up for 880 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
$44.9K $51.00/SF
− Vacancy
−$853 −$0.97/SF
EGI
$44.0K $50.03/SF
− OpEx
−$13.2K −$15.01/SF
NOI
$30.8K $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%
$616,380
Cap Rate 7%
$440,271
Cap Rate 9%
$342,433
Alternative Uses
Best Use
Multifamily LT 5
$440.3K
$385.2K – $513.7K
NOI $30,819 @ 7.0% cap · market cap 3.63%
Second Best
Apartment 5plus
$383.8K
$335.8K – $447.8K
NOI $26,865 @ 7.0% cap · market cap 3.16%
Theoretical Best
Specialty Retail
$728.6K
$637.6K – $850.1K
NOI $51,005 @ 7.0% cap · market cap 6.01%
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
1,065
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - Fully vacant duplex zoned R4 with private backyard, attached garage, and a finished basement with direct backyard access.
Where is this duplex located?
The property is located at 1438 E 100th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Fully vacant two‑family brick duplex with private backyard and attached built‑in garage; Zoned R4 on a 0.0459‑acre lot at 1438 E 100th Street; Finished basement with approximately 6.5‑foot ceilings, open recreation area, and direct backyard access
