Two-Family Brick
For Sale
$899,999
5215 Avenue H, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,724 SF
Lot Size0.05 Acres
Price / SF$522.04
Days on Market37
Property Features for 5215 Avenue H
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2
Interior features
Refrigerator, Stove
Subdivision
Flatlands
Standard status
Active
Size
1,724 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6839
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Excell Choice Realty
(718) 705-4646
Listed By:
Jeloni Cunningham
(718) 705-4646
Added: Jul 5
Changed: Aug 3
Last Checked: Aug 10 at 2:06AM
MLS# 502797
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 two-family brick duplex offers two separate living levels with a shared layout designed for everyday functionality. The top floor includes two bedrooms, one bathroom, and a front patio. The first floor includes two bedrooms, one bathroom, and a living room. Hardwood floors and large window areas help bring natural light into the living spaces. The property does not include a basement.
The home is built with brick construction and includes backyard space. Parking is provided via a private driveway, with outdoor space for entertaining. The property is on a tree-lined block in Brooklyn, NY, within R4 zoning.
Additional interiors include a refrigerator and stove, and the home was built in 1950. Total property size is 1,724 square feet.
The home is built with brick construction and includes backyard space. Parking is provided via a private driveway, with outdoor space for entertaining. The property is on a tree-lined block in Brooklyn, NY, within R4 zoning.
Additional interiors include a refrigerator and stove, and the home was built in 1950. Total property size is 1,724 square feet.
Key Highlights
- Two‑family brick duplex with separate upper and lower layouts
- Top floor: two bedrooms, one bathroom, and a front patio
- First floor: two bedrooms, one bathroom, and a living room
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
$60,377
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
6.71%
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%
$1,207,540
$1.2M
Cap Rate 7%
$862,529
$862.5K
Cap Rate 9%
$670,856
$670.9K
Market Conditions
NOI Build-Up for 1,724 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
$87.9K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$86.3K $50.03/SF
− OpEx
−$25.9K −$15.01/SF
NOI
$60.4K $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%
$1,207,540
Cap Rate 7%
$862,529
Cap Rate 9%
$670,856
Alternative Uses
Best Use
Multifamily LT 5
$862.5K
$754.7K – $1.01M
NOI $60,377 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$751.9K
$657.9K – $877.2K
NOI $52,632 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,923 @ 7.0% cap · market cap 11.10%
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
2,164
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 - Brick two-family duplex in R4 zoning with hardwood floors, two units, and a backyard plus private driveway parking.
Where is this duplex located?
The property is located at 5215 Avenue H Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two‑family brick duplex with separate upper and lower layouts; Top floor: two bedrooms, one bathroom, and a front patio; First floor: two bedrooms, one bathroom, and a living room
