Detached Duplex with Private
For Sale
$1,250,000
1749 E 24th Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,624 SF
Lot Size0.05 Acres
Price / SF$769.70
Days on Market120
Property Features for 1749 E 24th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 2
Parking features
Garage - Attached
Interior features
A/C Unit
Basement
Finished
Subdivision
Madison
Standard status
Active
Size
1,624 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8955
Building Details
Year built
1925
Flooring type
Hardwood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Behfar Team, LLC
Listed By:
Cina Azarfar
(347) 988-2526
Added: May 11
Changed: Sep 6
Last Checked: Sep 7 at 2:06PM
MLS# 501327
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 in Brooklyn, NY, provides 1,624 square feet on a 0.0459-acre lot. The main level includes a living room, dining room, eat-in kitchen, laundry room, and half bath, while the upper floor contains three bedrooms and a full bath. A finished basement adds a family or recreation room, storage, and another full bath.
Exterior features include a private backyard, front porch, wide shared driveway, and attached garage. Interior details include hardwood flooring and an A/C unit, while the property was built in 1925 and has a shingle roof. The parcel is zoned R3-2 and is located at 1749 E 24th Street in Brooklyn, NY 11229.
Exterior features include a private backyard, front porch, wide shared driveway, and attached garage. Interior details include hardwood flooring and an A/C unit, while the property was built in 1925 and has a shingle roof. The parcel is zoned R3-2 and is located at 1749 E 24th Street in Brooklyn, NY 11229.
Key Highlights
- Detached duplex with 1,624 square feet of building area
- 0.0459‑acre lot in Brooklyn, NY 11229
- Three bedrooms and three bathrooms
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
$56,875
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
4.55%
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%
$1,137,500
$1.1M
Cap Rate 7%
$812,500
$812.5K
Cap Rate 9%
$631,944
$631.9K
Market Conditions
NOI Build-Up for 1,624 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
$82.8K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$81.3K $50.03/SF
− OpEx
−$24.4K −$15.01/SF
NOI
$56.9K $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%
$1,137,500
Cap Rate 7%
$812,500
Cap Rate 9%
$631,944
Alternative Uses
Best Use
Multifamily LT 5
$812.5K
$710.9K – $947.9K
NOI $56,875 @ 7.0% cap · market cap 4.55%
Second Best
Apartment 5plus
$708.3K
$619.7K – $826.3K
NOI $49,579 @ 7.0% cap · market cap 3.97%
Theoretical Best
Specialty Retail
$1.34M
$1.18M – $1.57M
NOI $94,127 @ 7.0% cap · market cap 7.53%
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
3,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Finished basement, attached garage, hardwood floors, and a front porch support comfortable residential use.
Where is this duplex located?
The property is located at 1749 E 24th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Detached duplex with 1,624 square feet of building area; 0.0459‑acre lot in Brooklyn, NY 11229; Three bedrooms and three bathrooms
