Duplex with Private
For Sale
$2,780,000
1567 73rd Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size4,620 SF
Lot Size0.09 Acres
Price / SF$601.73
Days on Market23
Property Features for 1567 73rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
11
Bathrooms
6
Full bathrooms
5
Rooms
Bedroom 9, Bedroom 8, Bedroom 1, Bathroom 5, Bedroom 5, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 10, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 11, Bedroom 3
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
4,620 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
13071
Building Details
Year built
1910
Floors in Building
3
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Susana Chen Chong
(917) 708-9966
Added: Aug 5
Changed: Aug 25
Last Checked: Aug 27 at 10:06PM
MLS# 503544
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 detached duplex is configured as a two-family residence with separate living units. The property contains 4,620 square feet on a 0.0918-acre lot and was built in 1910. Brick construction, a flat roof, hardwood and tile flooring, and a kitchen equipped with a refrigerator and stove are documented. The room inventory includes 11 bedrooms and 6 bathrooms.
Located at 1567 73rd Street in Brooklyn, the property carries R5 zoning and includes a private driveway. Shopping, schools, public transportation, and neighborhood amenities are identified in the surrounding area. The address is in ZIP Code 11228, within Kings County.
Located at 1567 73rd Street in Brooklyn, the property carries R5 zoning and includes a private driveway. Shopping, schools, public transportation, and neighborhood amenities are identified in the surrounding area. The address is in ZIP Code 11228, within Kings County.
Key Highlights
- Detached two‑family duplex with separate living units
- 4,620 square feet on a 0.0918‑acre lot
- Private driveway included
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
$161,800
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
5.82%
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%
$3,236,000
$3.2M
Cap Rate 7%
$2,311,429
$2.3M
Cap Rate 9%
$1,797,778
$1.8M
Market Conditions
NOI Build-Up for 4,620 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
$235.6K $51.00/SF
− Vacancy
−$4.5K −$0.97/SF
EGI
$231.1K $50.03/SF
− OpEx
−$69.3K −$15.01/SF
NOI
$161.8K $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%
$3,236,000
Cap Rate 7%
$2,311,429
Cap Rate 9%
$1,797,778
Alternative Uses
Best Use
Multifamily LT 5
$2.31M
$2.02M – $2.70M
NOI $161,800 @ 7.0% cap · market cap 5.82%
Second Best
Apartment 5plus
$2.01M
$1.76M – $2.35M
NOI $141,044 @ 7.0% cap · market cap 5.07%
Theoretical Best
Specialty Retail
$3.83M
$3.35M – $4.46M
NOI $267,775 @ 7.0% cap · market cap 9.63%
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
3,866
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Separate living units are complemented by a private driveway and brick construction.
Where is this duplex located?
The property is located at 1567 73rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,780,000.
What are key features of this property?
This property features: Detached two‑family duplex with separate living units; 4,620 square feet on a 0.0918‑acre lot; Private driveway included
