Two-Family Duplex with
For Sale
$729,000
2062 E 72nd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,192 SF
Lot Size0.05 Acres
Price / SF$611.58
Days on Market10
Property Features for 2062 E 72nd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Porch, Refrigerator, Stove, Washer, Window Treatments
Basement
Finished, Full
Subdivision
Bergen Beach
Standard status
Active
Size
1,192 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5528
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 787-4110
Listed By:
Lee S Wasserman
(718) 763-4110
Added: Sep 22
Changed: Sep 28
Last Checked: Oct 1 at 5:06PM
MLS# 504689
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 1925 wood-frame duplex contains 1,192 square feet on a 0.0459-acre lot and is currently configured for single-family living. The layout includes three bedrooms, three bathrooms, an open living and dining area, a first-floor extension, and a semi-finished basement. Hardwood and tile flooring are complemented by a dishwasher, range, refrigerator, washer, dryer, and window treatments. A roof and hot water heater have been updated.
Outdoor features include a front porch with stone detailing and a private backyard. The property is near elementary schools, houses of worship, shopping, restaurants, and multiple bus lines in Brooklyn’s Bergen Beach section. R3 zoning and the prior two-family legal configuration provide additional context for evaluating the residence.
Outdoor features include a front porch with stone detailing and a private backyard. The property is near elementary schools, houses of worship, shopping, restaurants, and multiple bus lines in Brooklyn’s Bergen Beach section. R3 zoning and the prior two-family legal configuration provide additional context for evaluating the residence.
Key Highlights
- Legal two‑family property currently used as a single‑family home
- 1,192 square feet on a 0.0459‑acre lot
- 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
$36,391
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
4.99%
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%
$727,820
$727.8K
Cap Rate 7%
$519,871
$519.9K
Cap Rate 9%
$404,344
$404.3K
Market Conditions
NOI Build-Up for 1,192 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
$67.5K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$66.2K $55.51/SF
− OpEx
−$29.8K −$24.98/SF
NOI
$36.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$727,820
Cap Rate 7%
$519,871
Cap Rate 9%
$404,344
Alternative Uses
Best Use
Apartment 5plus
$519.9K
$454.9K – $606.5K
NOI $36,391 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$987.0K
$863.6K – $1.15M
NOI $69,088 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - R3-zoned duplex currently arranged as a single-family residence with three bedrooms, three baths, and flexible living areas.
Where is this single family property located?
The property is located at 2062 E 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $729,000.
What are key features of this property?
This property features: Legal two‑family property currently used as a single‑family home; 1,192 square feet on a 0.0459‑acre lot; Three bedrooms and three bathrooms
