Fully Detached Brick
For Sale
$1,399,000
42 89th Street, Brooklyn, NY 11209
SINGLE_FAMILY - Brooklyn, NY
Property Size1,713 SF
Lot Size0.06 Acres
Price / SF$816.70
Days on Market62
Property Features for 42 89th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Garage - Detached
Interior features
Dishwasher, Dryer, Laundry Area, Refrigerator, Stove, Terrace, Washer
Basement
Finished, Full
Subdivision
Bay Ridge
Standard status
Active
Size
1,713 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11799
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood, Laminate
Building materials
Brick
Roof type
Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Jun 26
Changed: Aug 4
Last Checked: Aug 26 at 7:06AM
MLS# 502614
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 fully detached brick single-family home is set on an oversized 20' by 120' lot with a 16' by 65' building footprint. The first floor includes a spacious living room with a gas fireplace (not currently connected), a separate formal dining room, and an eat-in kitchen with rear entrance. The second floor offers three bedrooms, including a primary bedroom with a front balcony, plus one full bathroom. A finished basement spans approximately 65 feet in length and features a large recreation room, a full bathroom, and a side entrance.
The property includes a shared driveway, a detached garage, and parking for up to two vehicles, with additional space beside the garage that may accommodate a medium-sized car.
Located in Bay Ridge, the home is described as being just moments from Shore Road waterfront, parks, shopping, restaurants, schools, and the R train.
The property includes a shared driveway, a detached garage, and parking for up to two vehicles, with additional space beside the garage that may accommodate a medium-sized car.
Located in Bay Ridge, the home is described as being just moments from Shore Road waterfront, parks, shopping, restaurants, schools, and the R train.
Key Highlights
- Fully detached brick single‑family home built in 1925 on a 20' x 120' lot
- Detached garage plus parking for up to 2 vehicles, with additional space beside the garage
- First floor includes a spacious living room with gas fireplace (not currently connected), formal dining room, and eat‑in kitchen with rear entrance
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
$52,296
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
3.74%
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%
$1,045,920
$1.0M
Cap Rate 7%
$747,086
$747.1K
Cap Rate 9%
$581,067
$581.1K
Market Conditions
NOI Build-Up for 1,713 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
$97.0K $56.64/SF
− Vacancy
−$1.9K −$1.13/SF
EGI
$95.1K $55.51/SF
− OpEx
−$42.8K −$24.98/SF
NOI
$52.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,045,920
Cap Rate 7%
$747,086
Cap Rate 9%
$581,067
Alternative Uses
Best Use
Apartment 5plus
$747.1K
$653.7K – $871.6K
NOI $52,296 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.65M
NOI $99,285 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Fully detached brick residence with 3 bedrooms, finished basement, detached garage, and parking for up to two vehicles.
Where is this single family property located?
The property is located at 42 89th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Fully detached brick single‑family home built in 1925 on a 20' x 120' lot; Detached garage plus parking for up to 2 vehicles, with additional space beside the garage; First floor includes a spacious living room with gas fireplace (not currently connected), formal dining room, and eat‑in kitchen with rear entrance
