Attached Two-Family with Private
1581 74th Street Brooklyn, NY 11228
For Sale
$1,578,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,960 SF
Lot Size0.05 Acres
Price / SF$533.11
Days on Market165
Property Features for 1581 74th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4
- Parking features
- Garage
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,960 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10816
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hui Bin (Sky) Wu
(917) 708-9966
Added: Feb 9
Changed: Jul 12
Last Checked: Jul 24 at 4:06AM
MLS# 498885
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.
Well-maintained 3-story attached two-family with a finished basement designed for flexible use, including open space and high ceilings. The home totals 6 bedrooms, 3 full baths, and 9 total rooms, with the main living areas supported by a practical basement layout.
Located at 1581 74th Street in Brooklyn, NY 11228 on a 20’ x 100’ lot, with the building footprint measuring 20’ x 52’. The property is zoned R5 and includes a private drive and a built-in garage.
For buyers seeking a residential income property, the configuration supports two separate living units with separate bedroom and bathroom counts, while the finished basement can complement either unit’s storage or living needs. The private drive and built-in garage accommodate 2 parking spaces, which can be a practical advantage for tenant use and day-to-day access.
Located at 1581 74th Street in Brooklyn, NY 11228 on a 20’ x 100’ lot, with the building footprint measuring 20’ x 52’. The property is zoned R5 and includes a private drive and a built-in garage.
For buyers seeking a residential income property, the configuration supports two separate living units with separate bedroom and bathroom counts, while the finished basement can complement either unit’s storage or living needs. The private drive and built-in garage accommodate 2 parking spaces, which can be a practical advantage for tenant use and day-to-day access.
Key Highlights
- Well‑maintained 3‑story attached 2‑family with approx. 2,960 SF
- 6 bedrooms and 3 full baths; 9 total rooms across the home
- Finished basement with open space and high ceilings for flexible use
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $148.1k | $50.03 |
| − OpEx | −$44.4k | −$15.01 |
| NOI | $103.7k | $35.02 |
2,960 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.30M – $1.73M
NOI $103,664 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,366 @ 7.0% cap · market cap 5.73%
Theoretical Best
Specialty Retail
$2.45M
$2.14M – $2.86M
NOI $171,562 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained attached two-family offers flexible finished basement space and built-in garage with two off-street parking spaces.
Where is this duplex located?
The property is located at 1581 74th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,578,000.
What are key features of this property?
This property features: Well‑maintained 3‑story attached 2‑family with approx. 2,960 SF; 6 bedrooms and 3 full baths; 9 total rooms across the home; Finished basement with open space and high ceilings for flexible use
