Two-Family Duplex with Private
For Sale
$1,929,000
1952 76th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,280 SF
Lot Size0.06 Acres
Price / SF$846.05
Days on Market83
Property Features for 1952 76th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 6, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Interior features
A/C Unit - Window, Central Air, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,280 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9839
Amenities
radiant heat
finished basement
private driveway
sunroom
side entrance
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Century 21 Realty First
(718) 758-5838
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Added: Jun 10
Changed: Aug 9
Last Checked: Aug 31 at 7:06AM
MLS# 502163
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.
Two-family semi-detached duplex featuring an approximately 20 ft x 59 ft building on a 28 ft x 100 ft lot totaling 0.0643 acres. The first-floor unit offers an open concept layout connecting the living room, dining room, and an island kitchen, followed by two rear bedrooms and an additional front sunroom/bedroom. Interior finishes include hardwood and tile floors, with tiled floors featuring radiant heat, plus a side entrance. The second-floor unit has a similar layout and is described as well-kept.
The property includes a full-finished basement with a rear entrance, two recreational rooms, and 3/4 baths. There is a separate furnace and hot water heater, supporting separate functionality for the basement level. Built in 1930, the home uses wood-frame construction and features a flat rubber roof.
Conveniently located in Brooklyn near the 18th Ave & 20th Ave shopping strips, the area includes retailers and services such as Jmart, pharmacies, grocery stores, salons, restaurants, schools, laundromats, and Chase Bank. Public transportation nearby includes the B4 and B6 bus lines, along with the 79th Street D train station and the 20th Ave N train.
The property includes a full-finished basement with a rear entrance, two recreational rooms, and 3/4 baths. There is a separate furnace and hot water heater, supporting separate functionality for the basement level. Built in 1930, the home uses wood-frame construction and features a flat rubber roof.
Conveniently located in Brooklyn near the 18th Ave & 20th Ave shopping strips, the area includes retailers and services such as Jmart, pharmacies, grocery stores, salons, restaurants, schools, laundromats, and Chase Bank. Public transportation nearby includes the B4 and B6 bus lines, along with the 79th Street D train station and the 20th Ave N train.
Key Highlights
- R5‑zoned two‑family semi‑detached duplex with private driveway
- Approximately 20 ft x 59 ft building on a 28 ft x 100 ft lot (0.0643 acres)
- First‑floor open concept with island kitchen, living room, and dining room plus front sunroom/bedroom
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
$62,187
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
3.22%
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%
$1,243,740
$1.2M
Cap Rate 7%
$888,386
$888.4K
Cap Rate 9%
$690,967
$691.0K
Market Conditions
NOI Build-Up for 2,280 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
$93.0K $40.80/SF
− Vacancy
−$4.2K −$1.84/SF
EGI
$88.8K $38.96/SF
− OpEx
−$26.7K −$11.69/SF
NOI
$62.2K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,243,740
Cap Rate 7%
$888,386
Cap Rate 9%
$690,967
Alternative Uses
Best Use
Multifamily LT 5
$888.4K
$777.3K – $1.04M
NOI $62,187 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,103 @ 7.0% cap · market cap 4.83%
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
4,278
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
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 - Two-family duplex in R5 zoning with a private driveway, central air, and a fully finished basement.
Where is this duplex located?
The property is located at 1952 76th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,929,000.
What are key features of this property?
This property features: R5‑zoned two‑family semi‑detached duplex with private driveway; Approximately 20 ft x 59 ft building on a 28 ft x 100 ft lot (0.0643 acres); First‑floor open concept with island kitchen, living room, and dining room plus front sunroom/bedroom
