Renovated Two-Family
For Sale
$1,080,000
2624 W 13th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,784 SF
Lot Size0.05 Acres
Price / SF$387.93
Days on Market133
Property Features for 2624 W 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Bath Beach
Standard status
Active
Size
2,784 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6865
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Apr 14
Changed: Aug 4
Last Checked: Aug 24 at 5:06PM
MLS# 500489
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.
Renovated two-family residence offering an excellent mix of indoor living and usable basement space. The building is approximately 16-by-58 with an approximately 20-by-100 lot. Each unit features a functional layout with three bedrooms and two full bathrooms, multiple windows for natural light, and modern kitchen finishes. Flooring includes hardwood and tile, and the property interior lists a refrigerator and stove.
The home has a fully finished basement that adds versatile space, including a family room, office area, and duplex access to the first floor. Constructed with brick exterior materials and a rubber roof, the property was built in 1930.
Location is described as Bath Beach, Brooklyn, within a short distance of the 86th Street shopping district, including Stop & Shop, as well as schools. The D train subway station and Belt Parkway are also nearby, supporting convenient access throughout the area.
The home has a fully finished basement that adds versatile space, including a family room, office area, and duplex access to the first floor. Constructed with brick exterior materials and a rubber roof, the property was built in 1930.
Location is described as Bath Beach, Brooklyn, within a short distance of the 86th Street shopping district, including Stop & Shop, as well as schools. The D train subway station and Belt Parkway are also nearby, supporting convenient access throughout the area.
Key Highlights
- Approximately 20‑by‑100 lot size
- Approximately 16‑by‑58 building size
- Fully finished basement with family room and office space
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
$75,933
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
7.03%
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%
$1,518,660
$1.5M
Cap Rate 7%
$1,084,757
$1.1M
Cap Rate 9%
$843,700
$843.7K
Market Conditions
NOI Build-Up for 2,784 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
$113.6K $40.80/SF
− Vacancy
−$5.1K −$1.84/SF
EGI
$108.5K $38.96/SF
− OpEx
−$32.5K −$11.69/SF
NOI
$75.9K $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%
$1,518,660
Cap Rate 7%
$1,084,757
Cap Rate 9%
$843,700
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$949.2K – $1.27M
NOI $75,933 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$972.2K
$850.7K – $1.13M
NOI $68,053 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,683 @ 7.0% cap · market cap 10.53%
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
2,130
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 - Fully renovated two-family home with three bedrooms and two full bathrooms per unit plus a finished basement for flexible space.
Where is this duplex located?
The property is located at 2624 W 13th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Approximately 20‑by‑100 lot size; Approximately 16‑by‑58 building size; Fully finished basement with family room and office space
