Building Details

Year Built 1930

Buildings 1

Stories 2

Construction brick semi-detached

Listing Agency: George L Clark Inc

Listed By: George L. Clark III Show Phone

Source: Elliman

Added: Sep 26 Changed: Oct 10 Last Checked: Oct 16 at 9:44AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of George L Clark Inc

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Investment Insights

Based on property information with market context.

This brick, semi-detached two-family property at 1855 66th St in Brooklyn has 2,640 square feet of building area on a 25-foot-by-100-foot lot. The first- and second-floor residences each contain six rooms, three bedrooms and a full bathroom. A full finished basement adds a three-quarter bathroom. Gas heat, hardwood floors, a shared driveway and a rear garage are also part of the property. Built in 1930, the home measures 20 feet by 66 feet.

Shopping, schools and parks are nearby, along with public transportation that includes access to the MTA N train. The property has a Walk Score of 95, a Transit Score of 82 and a Bike Score of 56.

Key Highlights

• Two‑family brick property with two six‑room residences, each with 3 bedrooms and a full bath
• 2,640 Sq. Ft. building on a 25’ x 100’ lot; house measures 20’ x 66’
• Full finished basement with a ¾ bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$92,457

Cap Rate

4.87%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,849,140 $1.8M

Cap Rate 7%

$1,320,814 $1.3M

Cap Rate 9%

$1,027,300 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,640 SF

Gross rent

$134.6K $51.00/SF

− Vacancy

−$2.6K −$0.97/SF

EGI

$132.1K $50.03/SF

− OpEx

−$39.6K −$15.01/SF

NOI

$92.5K $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 Rate 5%

$1,849,140

Cap Rate 7%

$1,320,814

Cap Rate 9%

$1,027,300

Alternative Uses

Best Use

Multifamily LT 5

$1.32M

$1.16M – $1.54M (±1% cap)

NOI $92,457 @ 7.0% cap · market cap 4.87%

Second Best

Apartment 5plus

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,596 @ 7.0% cap · market cap 4.24%

Theoretical Best

Specialty Retail

$2.19M

$1.91M – $2.55M (±1% cap)

NOI $153,014 @ 7.0% cap · market cap 8.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

4,303

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Both residences offer six rooms, three bedrooms and a full bathroom, with additional finished basement space.

Where is this duplex located?

The property is located at 1855 66th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,899,000.

What are key features of this property?

This property features: Two‑family brick property with two six‑room residences, each with 3 bedrooms and a full bath; 2,640 Sq. Ft. building on a 25’ x 100’ lot; house measures 20’ x 66’; Full finished basement with a ¾ bath