Updated Duplex with Finished
For Sale
$799,000
2063 E 71st Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size2,106 SF
Lot Size0.05 Acres
Price / SF$379.39
Days on Market18
Property Features for 2063 E 71st Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bergen Beach
Standard status
Active
Size
2,106 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6928
Amenities
private backyard
rear porch
private parking
split A/C system
laundry area
Building Details
Year built
1960
Floors in Building
2
Flooring type
Tile, Hardwood
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Aug 7
Changed: Aug 23
Last Checked: Aug 24 at 6:06PM
MLS# 503604
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 semi-detached duplex offers 2,106 square feet of residential space on a 0.0528-acre lot. The home includes three bedrooms and three bathrooms, with hardwood and tile flooring throughout. The main level provides living and dining areas, an updated kitchen with refrigerator and stove, a half bathroom, and access to a rear porch and private backyard. The upper floor contains three bedrooms and a full bathroom.
A finished basement adds a separate entrance, open recreation area, bathroom, laundry area, and adaptable space for an office, gym, entertainment room, or storage. The property also includes private parking, an updated heating system, and split A/C. Built in 1960 and zoned R3-1, the residence is located at 2063 E 71st Street in Brooklyn, near B3 bus service, subway connections, Belt Parkway access, Bergen Beach Park, shopping, dining, and neighborhood amenities.
A finished basement adds a separate entrance, open recreation area, bathroom, laundry area, and adaptable space for an office, gym, entertainment room, or storage. The property also includes private parking, an updated heating system, and split A/C. Built in 1960 and zoned R3-1, the residence is located at 2063 E 71st Street in Brooklyn, near B3 bus service, subway connections, Belt Parkway access, Bergen Beach Park, shopping, dining, and neighborhood amenities.
Key Highlights
- 2,106 square feet on a 0.0528‑acre lot
- Three bedrooms and three bathrooms across the home
- Finished basement with separate entrance, bathroom, laundry area, and open recreation space
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
$64,294
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
8.05%
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%
$1,285,880
$1.3M
Cap Rate 7%
$918,486
$918.5K
Cap Rate 9%
$714,378
$714.4K
Market Conditions
NOI Build-Up for 2,106 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
$119.3K $56.64/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$116.9K $55.51/SF
− OpEx
−$52.6K −$24.98/SF
NOI
$64.3K $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%
$1,285,880
Cap Rate 7%
$918,486
Cap Rate 9%
$714,378
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$922.0K – $1.23M
NOI $73,756 @ 7.0% cap · market cap 9.23%
Second Best
Apartment 5plus
$918.5K
$803.7K – $1.07M
NOI $64,294 @ 7.0% cap · market cap 8.05%
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.03M
NOI $122,064 @ 7.0% cap · market cap 15.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
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
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 - Semi-detached duplex with private parking, outdoor space, updated interiors, and flexible lower-level area.
Where is this duplex located?
The property is located at 2063 E 71st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,106 square feet on a 0.0528‑acre lot; Three bedrooms and three bathrooms across the home; Finished basement with separate entrance, bathroom, laundry area, and open recreation space
