Duplex Office
For Sale
$1,049,000
1762 Benson Avenue, Brooklyn, NY 11214
Commercial, Brooklyn, NY
Property Size2,500 SF
Lot Size0.14 Acres
Price / SF$419.60
Days on Market340
Property Features for 1762 Benson Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R5
Basement
Finished
Subdivision
Bath Beach
Standard status
Active
Size
2,500 SF
Lot size
0.14 Acres
Building Details
Number of units
1
Building materials
Block, Brick, Steel
Roof type
Flat
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Vincent Blandino · License #BLANT5781
(718) 232-1004
Added: Oct 27, 2025
Changed: Aug 19
Last Checked: Oct 1 at 4:06PM
MLS# 496925
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 office condominium is configured across two levels within a community facility property. The main floor provides office accommodation with handicap access, while an elevator connects to a finished lower level that adds usable workspace. The property was constructed in 2008 and has served as an office location since construction.
The building is positioned approximately 50 feet from the corner of 18th Avenue and across from a large cultural center in a densely populated Brooklyn setting. Zoning is R5. One indoor parking space is available for separate purchase, providing an additional option for an owner or occupant.
The building is positioned approximately 50 feet from the corner of 18th Avenue and across from a large cultural center in a densely populated Brooklyn setting. Zoning is R5. One indoor parking space is available for separate purchase, providing an additional option for an owner or occupant.
Key Highlights
- Duplex office condominium with finished workspace on the lower level
- Handicap‑accessible main‑floor office area
- Elevator connects the primary level with the lower level
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
$68,828
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
6.56%
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%
$1,376,560
$1.4M
Cap Rate 7%
$983,257
$983.3K
Cap Rate 9%
$764,756
$764.8K
Market Conditions
NOI Build-Up for 2,500 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
$114.0K $45.60/SF
− Vacancy
−$22.2K −$8.89/SF
EGI
$91.8K $36.71/SF
− OpEx
−$22.9K −$9.18/SF
NOI
$68.8K $27.53/SF
Area
ZIP 11214
Vacancy
19.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,376,560
Cap Rate 7%
$983,257
Cap Rate 9%
$764,756
Alternative Uses
Best Use
Office B
$983.3K
$860.4K – $1.15M
NOI $68,828 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,086 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,490
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Two-level office condominium with accessible entry, elevator service, and finished lower-level workspace.
Where is this office units located?
The property is located at 1762 Benson Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Duplex office condominium with finished workspace on the lower level; Handicap‑accessible main‑floor office area; Elevator connects the primary level with the lower level
