Brick Duplex
For Sale
$1,380,000
1557 64th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size1,616 SF
Lot Size0.03 Acres
Price / SF$853.96
Days on Market52
Property Features for 1557 64th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 8, Bedroom 4, Bedroom 7, Bedroom 1, Bedroom 6, Bathroom 3
Patio and Porch features
Patio
Interior features
A/C Unit - Wall, Patio Garden, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
1,616 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
7804
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Ceramic
Building materials
Brick
Roof type
Flat
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Tian Xin Sit Xue
(718) 680-2776
Added: Jul 10
Changed: Aug 7
Last Checked: Aug 30 at 9:06AM
MLS# 502935
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 two-family duplex house with both first and second floors, each offering three bedrooms and one full bathroom. The fully finished basement includes a separate front entrance and access to the backyard, and the home is described as being in move-in condition with delivery vacant at closing.
The property sits on a 0.0263-acre lot, built in 1930, and totals 1,616 square feet. Construction is brick with a flat roof. Interior features include wall A/C and appliances such as a refrigerator and stove, with ceramic and hardwood flooring. Outside amenities include a patio and patio garden.
Zoned R5, this duplex offers an owner-occupant or investment layout with independent street access to the basement level through the separate front entrance.
The property sits on a 0.0263-acre lot, built in 1930, and totals 1,616 square feet. Construction is brick with a flat roof. Interior features include wall A/C and appliances such as a refrigerator and stove, with ceramic and hardwood flooring. Outside amenities include a patio and patio garden.
Zoned R5, this duplex offers an owner-occupant or investment layout with independent street access to the basement level through the separate front entrance.
Key Highlights
- R5 zoning for a two‑family duplex
- Fully finished basement with separate front entrance and access to the backyard
- Two floors each feature three bedrooms and one full bathroom
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
$46,669
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
3.38%
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%
$933,380
$933.4K
Cap Rate 7%
$666,700
$666.7K
Cap Rate 9%
$518,544
$518.5K
Market Conditions
NOI Build-Up for 1,616 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
$69.8K $43.20/SF
− Vacancy
−$3.1K −$1.94/SF
EGI
$66.7K $41.26/SF
− OpEx
−$20.0K −$12.38/SF
NOI
$46.7K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$933,380
Cap Rate 7%
$666,700
Cap Rate 9%
$518,544
Alternative Uses
Best Use
Multifamily LT 5
$666.7K
$583.4K – $777.8K
NOI $46,669 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.2K
NOI $41,892 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
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 - Well-maintained two-family brick home zoned R5, with a fully finished basement and separate front entrance.
Where is this duplex located?
The property is located at 1557 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: R5 zoning for a two‑family duplex; Fully finished basement with separate front entrance and access to the backyard; Two floors each feature three bedrooms and one full bathroom
