Detached Brick Duplex with Central
For Sale
$1,750,000
1960 Stillwell Avenue, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size2,934 SF
Lot Size0.14 Acres
Price / SF$596.46
Days on Market484
Property Features for 1960 Stillwell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 1, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 5, Bedroom 1
Interior features
Central Air - Split, Dishwasher, Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
2,934 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
11914
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Granite, Tile, Ceramic, Hardwood
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Siu Kit Wong · License #SW6470
(718) 532-2000
Added: Apr 30, 2025
Changed: Aug 5
Last Checked: Aug 26 at 7:06AM
MLS# 492274
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.
Detached brick two-family duplex in move-in condition, featuring separate entrances for each unit. The home provides central air split systems and a functional interior with multiple bedrooms and baths, along with a laundry area and kitchen appliances including dishwasher, microwave, refrigerator, and stove. Flooring includes hardwood, tile, granite, and ceramic, supporting a mix of common-area and room finishes.
The property sits on a double-lot configuration totaling 6,175 sq ft (0.1418 acres), with the building size listed as 2,934 sq ft and dimensions of 29X50. The roof is approximately 8 years old and the property includes a working water well. Positioned for easy city access, it is described as a short distance from the D Train station on 86th Street, with local supermarkets, restaurants, bakeries, and schools nearby.
Full possession at closing is noted. The price is noted as applying to 1960 Stillwell Ave, with 2505 84th Street not included.
The property sits on a double-lot configuration totaling 6,175 sq ft (0.1418 acres), with the building size listed as 2,934 sq ft and dimensions of 29X50. The roof is approximately 8 years old and the property includes a working water well. Positioned for easy city access, it is described as a short distance from the D Train station on 86th Street, with local supermarkets, restaurants, bakeries, and schools nearby.
Full possession at closing is noted. The price is noted as applying to 1960 Stillwell Ave, with 2505 84th Street not included.
Key Highlights
- Detached brick two‑family duplex with separated entrances
- Double‑lot configuration on 0.1418 acres (6,175 sq ft total lot size)
- Building size 2,934 sq ft (29X50) built in 1965
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
$102,754
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
5.87%
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%
$2,055,080
$2.1M
Cap Rate 7%
$1,467,914
$1.5M
Cap Rate 9%
$1,141,711
$1.1M
Market Conditions
NOI Build-Up for 2,934 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
$149.6K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$146.8K $50.03/SF
− OpEx
−$44.0K −$15.01/SF
NOI
$102.8K $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%
$2,055,080
Cap Rate 7%
$1,467,914
Cap Rate 9%
$1,141,711
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,754 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,572 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.83M
NOI $170,055 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - Detached two-family brick duplex on a double-lot configuration with separated entrances and central air split systems.
Where is this duplex located?
The property is located at 1960 Stillwell Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Detached brick two‑family duplex with separated entrances; Double‑lot configuration on 0.1418 acres (6,175 sq ft total lot size); Building size 2,934 sq ft (29X50) built in 1965
