Detached Brick Two-Family
For Sale
$1,349,000
2149 W 9th Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size1,815 SF
Lot Size0.05 Acres
Price / SF$743.25
Days on Market130
Property Features for 2149 W 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Gravesend
Standard status
Active
Size
1,815 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3386
Amenities
private driveway with garage
full finished basement
granite kitchen countertops
hardwood floors
ceramic tile flooring
front and back yard
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Ceramic
Building materials
Brick
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Vito Angelo · License #40AN0957928
(718) 532-2000
Added: Apr 15
Changed: Aug 5
Last Checked: Aug 22 at 1:06PM
MLS# 499952
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 home on a quiet residential block, built in 1930 and maintained with updated systems. The property offers 6 bedrooms and 3 full bathrooms, plus a full finished basement for additional storage. Interior finishes include hardwood floors and ceramic tile flooring in the basement, with granite kitchen countertops. Kitchen appliances include a refrigerator and stove. Exterior features include a front and back yard and a private driveway leading to a detached garage.
Set just off Avenue U, the home is positioned close to shopping, restaurants, schools, houses of worship, and public transportation. The site includes approximately 0.0478 acres and totals 1,815 square feet.
Configured as a two-family for multi-generational living or flexible occupancy, this property combines a convenient layout with outdoor space and parking.
Set just off Avenue U, the home is positioned close to shopping, restaurants, schools, houses of worship, and public transportation. The site includes approximately 0.0478 acres and totals 1,815 square feet.
Configured as a two-family for multi-generational living or flexible occupancy, this property combines a convenient layout with outdoor space and parking.
Key Highlights
- Detached brick two‑family home built in 1930
- 6 bedrooms and 3 full bathrooms
- Full finished basement with additional storage
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
$63,564
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
4.71%
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%
$1,271,280
$1.3M
Cap Rate 7%
$908,057
$908.1K
Cap Rate 9%
$706,267
$706.3K
Market Conditions
NOI Build-Up for 1,815 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
$92.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$90.8K $50.03/SF
− OpEx
−$27.2K −$15.01/SF
NOI
$63.6K $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%
$1,271,280
Cap Rate 7%
$908,057
Cap Rate 9%
$706,267
Alternative Uses
Best Use
Multifamily LT 5
$908.1K
$794.6K – $1.06M
NOI $63,564 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$791.6K
$692.6K – $923.5K
NOI $55,410 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,197 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,760
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 - R5-zoned detached brick two-family with private driveway, detached garage, finished basement, and front and back yards.
Where is this duplex located?
The property is located at 2149 W 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Detached brick two‑family home built in 1930; 6 bedrooms and 3 full bathrooms; Full finished basement with additional storage
