Brick Duplex with Basement
New
For Sale
$850,000
578 Remsen Avenue, Brooklyn, NY 11236
Residential Income, Brooklyn, NY
Property Size1,948 SF
Lot Size0.04 Acres
Price / SF$436.34
Days on Market5
Property Features for 578 Remsen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2
Parking features
Driveway
Interior features
First Floor Bedroom, Open Floorplan
Elementary school
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Middle school
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High school
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Elementary school district
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Middle school district
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High school district
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Standard status
Active
APN
04710-0048
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5379
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
hardwood floors
Building Details
Year built
1945
Number of units
2
Building materials
Brick, Frame
Listing Agency:
YourHomeSold Guaranteed Realty · ERA Real Estate
(718) 324-6060
Listed By:
Ishwar Rameshar
(914) 410-1839
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 18 at 6:06AM
MLS# 1050556
Copyright © 2026 OneKey MLS. 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 Brooklyn property includes a three-bedroom, one-and-a-half-bath residence and a separate one-bedroom, one-bath unit. The approximately 1,948-square-foot home also features hardwood floors, generous room sizes, an open floor plan, a first-floor bedroom, a full basement, and a basement garage. Construction includes brick and frame components, with natural-gas heating and driveway parking.
Set on an 18-by-100-foot lot along Remsen Avenue, the property is near shopping, restaurants, everyday services, and public transportation. B8, B17, and B35 bus routes provide Brooklyn connections, while the 3 train at Saratoga Avenue is approximately 0.7 mile away. Additional access to the L train, Church Avenue, and major roadways supports connectivity throughout the area.
The property was built in 1945 and is served by public water and public sewer. Its two-unit configuration provides distinct residential spaces within a single multifamily asset.
Set on an 18-by-100-foot lot along Remsen Avenue, the property is near shopping, restaurants, everyday services, and public transportation. B8, B17, and B35 bus routes provide Brooklyn connections, while the 3 train at Saratoga Avenue is approximately 0.7 mile away. Additional access to the L train, Church Avenue, and major roadways supports connectivity throughout the area.
The property was built in 1945 and is served by public water and public sewer. Its two-unit configuration provides distinct residential spaces within a single multifamily asset.
Key Highlights
- Two‑family configuration with a 3‑bedroom, 1.5‑bath unit over a 1‑bedroom, 1‑bath unit
- Approximately 1,948 sq ft of living space with hardwood floors and generous room sizes
- Full basement and basement garage, plus driveway parking
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
$68,222
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
8.03%
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%
$1,364,440
$1.4M
Cap Rate 7%
$974,600
$974.6K
Cap Rate 9%
$758,022
$758.0K
Market Conditions
NOI Build-Up for 1,948 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
$99.3K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$97.5K $50.03/SF
− OpEx
−$29.2K −$15.01/SF
NOI
$68.2K $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%
$1,364,440
Cap Rate 7%
$974,600
Cap Rate 9%
$758,022
Alternative Uses
Best Use
Multifamily LT 5
$974.6K
$852.8K – $1.14M
NOI $68,222 @ 7.0% cap · market cap 8.03%
Second Best
Apartment 5plus
$849.6K
$743.4K – $991.2K
NOI $59,470 @ 7.0% cap · market cap 7.00%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,906 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,480
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family layout combines separate residences with flexible owner-occupant, extended-living, or rental-use potential.
Where is this duplex located?
The property is located at 578 Remsen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family configuration with a 3‑bedroom, 1.5‑bath unit over a 1‑bedroom, 1‑bath unit; Approximately 1,948 sq ft of living space with hardwood floors and generous room sizes; Full basement and basement garage, plus driveway parking
