Duplex with Private Parking and
For Sale
$739,000
4104 Avenue S, Brooklyn, NY 11234
SINGLE_FAMILY - Brooklyn, NY
Property Size966 SF
Lot Size0.05 Acres
Price / SF$765.01
Days on Market43
Property Features for 4104 Avenue S
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Carport
Interior features
A/C Unit - Window
Basement
Finished
Subdivision
Marine Park
Standard status
Active
Size
966 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5731
Amenities
full basement
spacious backyard
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Ben Bay Rlty Co of Ave U LLC
(718) 372-6442
Listed By:
Joseph F. Girgenti
(718) 372-6442
Added: Jul 17
Changed: Aug 16
Last Checked: Aug 28 at 12:06AM
MLS# 503023
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.
Duplex property built in 1930 with wood-frame construction and vinyl siding. Interior features include hardwood floors and a window A/C unit. The layout includes three bedrooms and two bathrooms. A full basement is accessible via a separate outside entrance, offering flexible additional space for storage, a home office, or other uses.
The property sits on a 0.0459-acre lot with a spacious backyard. Private parking is available, and parking is listed as a carport. R4 zoning applies to the site.
With 966 square feet of property size, this home is designed for comfortable daily living, with features like gas heat and low-maintenance exterior materials to support everyday use.
The property sits on a 0.0459-acre lot with a spacious backyard. Private parking is available, and parking is listed as a carport. R4 zoning applies to the site.
With 966 square feet of property size, this home is designed for comfortable daily living, with features like gas heat and low-maintenance exterior materials to support everyday use.
Key Highlights
- Built in 1930 with wood‑frame construction
- 966 SF property size on a 0.0459‑acre lot
- Hardwood floors plus window A/C unit
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
$33,831
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
4.58%
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%
$676,620
$676.6K
Cap Rate 7%
$483,300
$483.3K
Cap Rate 9%
$375,900
$375.9K
Market Conditions
NOI Build-Up for 966 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
$49.3K $51.00/SF
− Vacancy
−$936 −$0.97/SF
EGI
$48.3K $50.03/SF
− OpEx
−$14.5K −$15.01/SF
NOI
$33.8K $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%
$676,620
Cap Rate 7%
$483,300
Cap Rate 9%
$375,900
Alternative Uses
Best Use
Multifamily LT 5
$483.3K
$422.9K – $563.9K
NOI $33,831 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$421.3K
$368.6K – $491.5K
NOI $29,491 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$799.8K
$699.9K – $933.2K
NOI $55,989 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,111
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Wood-frame duplex with hardwood floors, gas heat, vinyl siding, a full basement with separate outside entrance, and private parking.
Where is this duplex located?
The property is located at 4104 Avenue S Brooklyn, NY.
What is the asking price?
The asking price for this property is $739,000.
What are key features of this property?
This property features: Built in 1930 with wood‑frame construction; 966 SF property size on a 0.0459‑acre lot; Hardwood floors plus window A/C unit
