Duplex with Private Driveway and
For Sale
$1,600,000
Pending
2459 84th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,727 SF
Lot Size0.05 Acres
Days on Market107
Property Features for 2459 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 1, Bedroom 5, Bathroom 1
Parking features
Driveway
Security features
Security System
Interior features
Ceiling Fan(s)
Basement
Apartment
Lot features
Back Yard
Subdivision
Bensonhurst
Standard status
Pending
APN
6584 - 50
Size
2,727 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10132
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Central Air
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Building materials
Brick
Listing Agency:
Joanne Costa Realty
(718) 987-3060
Listed By:
Matteo Guarino
(347) 224-9574
Added: May 26
Changed: Aug 2
Last Checked: Sep 9 at 1:06AM
MLS# 2602920
Copyright © 2026 Staten Island Board of Realtors. 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.
R5-zoned duplex-style investment featuring a legal three-family layout currently used as a two-family. The main unit is spread across two levels with multiple bedrooms and two bathrooms, including an upper-floor bedroom arrangement and a main-level layout with a living room, eat-in kitchen, and formal dining room. A separate legal one-bedroom unit on the ground level offers its own living room and kitchen, supported by fully separate utilities. Interior touches include ceiling fan(s), and the home is constructed of brick.
Set on a 0.0459-acre lot at 2459 84th Street in Brooklyn’s Bensonhurst area. The property offers central air for cooling, hot water heating with natural gas, and public sewer. Parking is handled via a private driveway and a one-car garage.
Built in 1950, this is a compact, self-contained multi-family configuration designed to support rental income or flexible household use while keeping utilities separated.
Set on a 0.0459-acre lot at 2459 84th Street in Brooklyn’s Bensonhurst area. The property offers central air for cooling, hot water heating with natural gas, and public sewer. Parking is handled via a private driveway and a one-car garage.
Built in 1950, this is a compact, self-contained multi-family configuration designed to support rental income or flexible household use while keeping utilities separated.
Key Highlights
- 0.0459‑acre lot with 2,727 SF legal three‑family currently used as a two‑family
- R5 zoning in Brooklyn’s Bensonhurst area
- Central air cooling
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
$74,378
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
4.65%
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%
$1,487,560
$1.5M
Cap Rate 7%
$1,062,543
$1.1M
Cap Rate 9%
$826,422
$826.4K
Market Conditions
NOI Build-Up for 2,727 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
$111.3K $40.80/SF
− Vacancy
−$5.0K −$1.84/SF
EGI
$106.3K $38.96/SF
− OpEx
−$31.9K −$11.69/SF
NOI
$74.4K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,487,560
Cap Rate 7%
$1,062,543
Cap Rate 9%
$826,422
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$929.7K – $1.24M
NOI $74,378 @ 7.0% cap · market cap 4.65%
Second Best
Apartment 5plus
$952.3K
$833.3K – $1.11M
NOI $66,660 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,356 @ 7.0% cap · market cap 6.96%
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
3,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 legal three-family home currently used as a two-family, with central air, natural gas heat, and a private driveway.
Where is this duplex located?
The property is located at 2459 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 0.0459‑acre lot with 2,727 SF legal three‑family currently used as a two‑family; R5 zoning in Brooklyn’s Bensonhurst area; Central air cooling
