Brick Duplex with Finished
For Sale
$1,599,000
1716 71st Street, Brooklyn, NY 11204
Residential, Brooklyn, NY
Property Size1,892 SF
Lot Size0.07 Acres
Price / SF$845.14
Days on Market43
Property Features for 1716 71st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 1, Bathroom 4, Bathroom 3
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
1,892 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10455
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jul 16
Changed: Aug 26
Last Checked: Aug 27 at 10:06PM
MLS# 502967
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 approximately 1,892-square-foot duplex is a solid brick, semi-detached residence constructed in 1925. The property includes two dwelling units, a full finished basement, and a private driveway. Interior features include a refrigerator and stove, with tile and hardwood flooring throughout the home. The building measures 17 feet by 37 feet and sits on a 30-foot by 100-foot lot.
The property is zoned R5 and occupies 0.0689 acres. Its Bensonhurst setting places it near shopping, restaurants, schools, and public transportation. The home has a flat roof and four bathrooms, providing a defined residential configuration for an owner-user or income property buyer.
The property is zoned R5 and occupies 0.0689 acres. Its Bensonhurst setting places it near shopping, restaurants, schools, and public transportation. The home has a flat roof and four bathrooms, providing a defined residential configuration for an owner-user or income property buyer.
Key Highlights
- Two‑family brick duplex with semi‑detached construction
- Approximately 1,892 SF on a 30' × 100' lot
- Full finished basement and private driveway
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
$66,261
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
4.14%
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%
$1,325,220
$1.3M
Cap Rate 7%
$946,586
$946.6K
Cap Rate 9%
$736,233
$736.2K
Market Conditions
NOI Build-Up for 1,892 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
$96.5K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$94.7K $50.03/SF
− OpEx
−$28.4K −$15.01/SF
NOI
$66.3K $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%
$1,325,220
Cap Rate 7%
$946,586
Cap Rate 9%
$736,233
Alternative Uses
Best Use
Multifamily LT 5
$946.6K
$828.3K – $1.10M
NOI $66,261 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$825.2K
$722.0K – $962.7K
NOI $57,761 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,660 @ 7.0% cap · market cap 6.86%
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
3,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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 - Semi-detached two-family home with private driveway, finished lower level, and established residential zoning.
Where is this duplex located?
The property is located at 1716 71st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Two‑family brick duplex with semi‑detached construction; Approximately 1,892 SF on a 30' × 100' lot; Full finished basement and private driveway
