Three-Level Duplex
For Sale
$1,749,999
374 E 9th Street, Brooklyn, NY 11218
Residential, Brooklyn, NY
Property Size1,650 SF
Lot Size0.05 Acres
Price / SF$1,060
Days on Market82
Property Features for 374 E 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Basement
Finished
Subdivision
Kensington
Standard status
Active
Size
1,650 SF
Lot size
0.05 Acres
Amenities
terrace
backyard
Building Details
Number of units
2
Flooring type
Laminate
Listing Agency:
Best Realty Professionals
Listed By:
Katia Belony
(718) 484-3745
Added: Jun 19
Changed: Sep 7
Last Checked: Sep 8 at 7:06PM
MLS# 502453
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.
Rebuilt in 2025, this two-family duplex provides three levels of living space along with a finished basement and full bathroom. The first floor includes a sunken living room, two bedrooms, one full bath, one half bath, and a kitchen connected to a terrace facing the backyard. The second floor offers another living room, two bedrooms, one full bath, and a kitchen. The attic level adds two large bedrooms with high ceilings, while the basement has a separate entrance and an additional full bathroom.
The property sits on a 0.0459-acre lot and contains 1,650 square feet. A private two-car driveway provides off-street parking, and the backyard includes space for gardening. Located in Kensington, Brooklyn, the home is near Prospect Park, shopping, dining, local parks, and public transportation, with access to Manhattan commuting routes.
The property sits on a 0.0459-acre lot and contains 1,650 square feet. A private two-car driveway provides off-street parking, and the backyard includes space for gardening. Located in Kensington, Brooklyn, the home is near Prospect Park, shopping, dining, local parks, and public transportation, with access to Manhattan commuting routes.
Key Highlights
- Two‑family duplex rebuilt in 2025
- Three levels with two bedrooms on the first floor, two on the second, and two attic bedrooms
- 1,650 square feet on a 0.0459‑acre lot
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
$57,786
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
3.30%
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%
$1,155,720
$1.2M
Cap Rate 7%
$825,514
$825.5K
Cap Rate 9%
$642,067
$642.1K
Market Conditions
NOI Build-Up for 1,650 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
$84.2K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$82.6K $50.03/SF
− OpEx
−$24.8K −$15.01/SF
NOI
$57.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /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%
$1,155,720
Cap Rate 7%
$825,514
Cap Rate 9%
$642,067
Alternative Uses
Best Use
Multifamily LT 5
$825.5K
$722.3K – $963.1K
NOI $57,786 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$719.6K
$629.7K – $839.6K
NOI $50,373 @ 7.0% cap · market cap 2.88%
Theoretical Best
Specialty Retail
$1.37M
$1.20M – $1.59M
NOI $95,634 @ 7.0% cap · market cap 5.46%
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
4,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Recently rebuilt two-family property with flexible living arrangements, a finished basement, backyard, and private off-street parking.
Where is this duplex located?
The property is located at 374 E 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,749,999.
What are key features of this property?
This property features: Two‑family duplex rebuilt in 2025; Three levels with two bedrooms on the first floor, two on the second, and two attic bedrooms; 1,650 square feet on a 0.0459‑acre lot
