Brick Duplex with Private
For Sale
$1,329,000
251 67th Street, Brooklyn, NY 11220
Residential, Duplex, Brooklyn, NY
Property Size2,016 SF
Lot Size0.03 Acres
Price / SF$659.23
Days on Market32
Property Features for 251 67th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4-1
Bedrooms
6
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bedroom 1, Bathroom 3
Interior features
Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Subdivision
Bay Ridge
Standard status
Active
Size
2,016 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
9812
Building Details
Year built
1960
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Century 21 Realty First
(718) 758-5838
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Added: Jul 31
Changed: Aug 30
Last Checked: Aug 31 at 10:06AM
MLS# 503431
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 2,016-square-foot, three-level brick duplex was built in 1960 on a 0.0331-acre lot and contains two residential units. The first-floor apartment has two bedrooms, storage, and access to a laundry and utility room. The upper residence is a four-bedroom, 1.5-bath duplex with its own kitchen and living area. Split heating and cooling serves all rooms, while flooring includes hardwood in the main unit and tile on the first floor. Appliances include a dishwasher, washer, dryer, microwave, refrigerator, and stove.
A private driveway provides parking capacity for up to 3+ cars. The property is zoned R4-1 and is located near subway service, the ferry, and a major shopping district.
A private driveway provides parking capacity for up to 3+ cars. The property is zoned R4-1 and is located near subway service, the ferry, and a major shopping district.
Key Highlights
- 2,016‑square‑foot, three‑level brick duplex built in 1960
- Two residential units: a 2‑bedroom first‑floor apartment and a 4‑bedroom, 1.5‑bath upper duplex
- Private driveway with parking for up to 3+ cars
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
$60,026
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
4.52%
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%
$1,200,520
$1.2M
Cap Rate 7%
$857,514
$857.5K
Cap Rate 9%
$666,956
$667.0K
Market Conditions
NOI Build-Up for 2,016 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
$89.5K $44.40/SF
− Vacancy
−$3.8K −$1.86/SF
EGI
$85.8K $42.54/SF
− OpEx
−$25.7K −$12.76/SF
NOI
$60.0K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$1,200,520
Cap Rate 7%
$857,514
Cap Rate 9%
$666,956
Alternative Uses
Best Use
Multifamily LT 5
$857.5K
$750.3K – $1.00M
NOI $60,026 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$768.0K
$672.0K – $896.0K
NOI $53,760 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,484 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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 - Two residential units occupy a three-level brick home with separate living arrangements and on-site parking access.
Where is this duplex located?
The property is located at 251 67th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,329,000.
What are key features of this property?
This property features: 2,016‑square‑foot, three‑level brick duplex built in 1960; Two residential units: a 2‑bedroom first‑floor apartment and a 4‑bedroom, 1.5‑bath upper duplex; Private driveway with parking for up to 3+ cars
