Brick Two-Family Duplex with
For Sale
$1,850,000
1735 70th Street, Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
Property Size3,940 SF
Lot Size0.05 Acres
Price / SF$469.54
Days on Market59
Property Features for 1735 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3
Parking features
Garage
Patio and Porch features
Deck, Porch
Interior features
A/C Unit - Window, Deck, Dishwasher, Dryer, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,940 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
4444
Amenities
private driveway
built-in garage
front porch
rear deck
separate entrance
recreation room
laundry area
abundant storage
backyard
Building Details
Year built
1956
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 26 at 7:06AM
MLS# 502648
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.
Duplexes: a brick two-family home built in 1956 with three stories above grade plus a basement. The property includes a private driveway and a built-in garage, with a flat roof and tile and hardwood flooring. The top floor features an oversized 3-bedroom apartment that can be converted into a 4-bedroom. The middle floor includes a 2-bedroom apartment that can be converted into a 3-bedroom, plus a front porch and rear deck.
The basement has a separate entrance and includes a built-in front garage, two extra rooms, a spacious recreation room, a laundry area, abundant storage, and rear access to the backyard. Interior features include window A/C units, dishwasher, dryer, refrigerator, and stove. The building measures 20' by 60' on a 20' by 100' lot.
Located in Brooklyn, NY 11204, the home is positioned near shopping, restaurants, schools, parks, and public transportation.
The basement has a separate entrance and includes a built-in front garage, two extra rooms, a spacious recreation room, a laundry area, abundant storage, and rear access to the backyard. Interior features include window A/C units, dishwasher, dryer, refrigerator, and stove. The building measures 20' by 60' on a 20' by 100' lot.
Located in Brooklyn, NY 11204, the home is positioned near shopping, restaurants, schools, parks, and public transportation.
Key Highlights
- R5 zoning on a 0.0459‑acre lot
- Brick duplex built in 1956 with flat roof
- Three stories above grade plus a basement
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
$137,985
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
7.46%
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%
$2,759,700
$2.8M
Cap Rate 7%
$1,971,214
$2.0M
Cap Rate 9%
$1,533,167
$1.5M
Market Conditions
NOI Build-Up for 3,940 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
$200.9K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$197.1K $50.03/SF
− OpEx
−$59.1K −$15.01/SF
NOI
$138.0K $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%
$2,759,700
Cap Rate 7%
$1,971,214
Cap Rate 9%
$1,533,167
Alternative Uses
Best Use
Multifamily LT 5
$1.97M
$1.72M – $2.30M
NOI $137,985 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,284 @ 7.0% cap · market cap 6.50%
Theoretical Best
Specialty Retail
$3.26M
$2.85M – $3.81M
NOI $228,362 @ 7.0% cap · market cap 12.34%
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
4,088
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 - R5-zoned duplex on a 0.0459-acre lot with private driveway and a built-in garage.
Where is this duplex located?
The property is located at 1735 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: R5 zoning on a 0.0459‑acre lot; Brick duplex built in 1956 with flat roof; Three stories above grade plus a basement
