Four-Level Duplex with Detached
For Sale
$1,850,000
2502 84th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size2,355 SF
Lot Size0.09 Acres
Price / SF$785.56
Days on Market484
Property Features for 2502 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bedroom 4, Bedroom 8, Bedroom 2, Bedroom 5
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Dishwasher, Microwave, Refrigerator, Stove
Basement
Full
Subdivision
Bensonhurst
Standard status
Active
Size
2,355 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
11824
Building Details
Year built
1905
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Ceramic
Building materials
Wood Frame
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Siu Kit Wong · License #SW6470
(718) 532-2000
Added: Apr 30, 2025
Changed: Aug 23
Last Checked: Aug 26 at 7:06AM
MLS# 492270
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 detached duplex contains 2,355 square feet across four levels, with eight bedrooms and three bathrooms. Both apartments are described as move-in condition and include wall-mounted A/C units, dishwashers, microwaves, refrigerators, and stoves. Interior finishes include tile, hardwood, and ceramic flooring. The property also features two heating zones, a private driveway, a detached two-car garage, and additional parking. Wood-frame construction dates to 1905, and the roof is about 10 years old.
The property is located at 2502 84th Street in Brooklyn, with supermarkets across the street and along 86th Street. Restaurants, bakeries, and schools are nearby, and the D train station at 86th Street is a short distance away. The property is zoned R5.
The property is located at 2502 84th Street in Brooklyn, with supermarkets across the street and along 86th Street. Restaurants, bakeries, and schools are nearby, and the D train station at 86th Street is a short distance away. The property is zoned R5.
Key Highlights
- Detached duplex with 2,355 square feet across 4 levels
- Eight bedrooms and 3 baths across move‑in condition apartments
- Private driveway, detached 2 car garage, and 4+ Parking spaces
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
$64,232
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
3.47%
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%
$1,284,640
$1.3M
Cap Rate 7%
$917,600
$917.6K
Cap Rate 9%
$713,689
$713.7K
Market Conditions
NOI Build-Up for 2,355 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
$96.1K $40.80/SF
− Vacancy
−$4.3K −$1.84/SF
EGI
$91.8K $38.96/SF
− OpEx
−$27.5K −$11.69/SF
NOI
$64.2K $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%
$1,284,640
Cap Rate 7%
$917,600
Cap Rate 9%
$713,689
Alternative Uses
Best Use
Multifamily LT 5
$917.6K
$802.9K – $1.07M
NOI $64,232 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$822.4K
$719.6K – $959.5K
NOI $57,567 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $96,165 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
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 - Move-in condition apartments with a private driveway and convenient access to nearby transit, shopping, dining, and schools.
Where is this duplex located?
The property is located at 2502 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Detached duplex with 2,355 square feet across 4 levels; Eight bedrooms and 3 baths across move‑in condition apartments; Private driveway, detached 2 car garage, and 4+ Parking spaces
