Multi-Level Single-Family
For Sale
$1,750,000
2162 62nd Street, Brooklyn, NY 11204
SINGLE_FAMILY - Brooklyn, NY
Property Size2,750 SF
Lot Size0.06 Acres
Price / SF$636.36
Days on Market507
Property Features for 2162 62nd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4
Interior features
A/C Unit, Dishwasher, Dryer, Refrigerator, Stove, Terrace, Washer
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,750 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7935
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Apr 7, 2025
Changed: Aug 4
Last Checked: Aug 26 at 7:06AM
MLS# 490672
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.
For sale is a spacious multi-level single-family home featuring 4 bedrooms, 5 bathrooms, and 2 living rooms, along with a dedicated office. The main floor includes formal living and dining rooms, an eat-in kitchen, a half bathroom, and private office space. The upper levels include a third-floor primary suite with a full bathroom over a formal living room with a front balcony, an additional en-suite bedroom, two more bedrooms, and an extra full bathroom on the second floor. A fully finished basement is included, with a separate entrance for added flexibility.
The property is situated on a 28x100' lot with a building footprint described as 17x70'. It also includes an ultra-wide private driveway and private parking for multiple cars.
Annual property tax is approximately $7,935, and the listing is provided under zoning R5.
The property is situated on a 28x100' lot with a building footprint described as 17x70'. It also includes an ultra-wide private driveway and private parking for multiple cars.
Annual property tax is approximately $7,935, and the listing is provided under zoning R5.
Key Highlights
- 4‑bedroom, 5‑bath single‑family home with 2 living rooms and a dedicated office
- Third‑floor includes a master bedroom with full bathroom over a formal living room with front balcony
- Eat‑in kitchen plus formal living and dining rooms on the main floor, with a half bathroom
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
$83,955
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
4.80%
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%
$1,679,100
$1.7M
Cap Rate 7%
$1,199,357
$1.2M
Cap Rate 9%
$932,833
$932.8K
Market Conditions
NOI Build-Up for 2,750 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
$155.8K $56.64/SF
− Vacancy
−$3.1K −$1.13/SF
EGI
$152.6K $55.51/SF
− OpEx
−$68.7K −$24.98/SF
NOI
$84.0K $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%
$1,679,100
Cap Rate 7%
$1,199,357
Cap Rate 9%
$932,833
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,955 @ 7.0% cap · market cap 4.80%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,390 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,510
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Multi-level home with multiple living spaces, dedicated office, and private driveway with parking on a 28x100 lot.
Where is this single family property located?
The property is located at 2162 62nd Street 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: 4‑bedroom, 5‑bath single‑family home with 2 living rooms and a dedicated office; Third‑floor includes a master bedroom with full bathroom over a formal living room with front balcony; Eat‑in kitchen plus formal living and dining rooms on the main floor, with a half bathroom
