Brooklyn Duplex with Private
New
For Sale
$1,149,000
6501 16th Avenue, Brooklyn, NY 11204
Residential, Duplex, Brooklyn, NY
Property Size2,035 SF
Lot Size0.04 Acres
Price / SF$564.62
Days on Market6
Property Features for 6501 16th Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
r5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Bensonhurst
Standard status
Active
Size
2,035 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8981
Building Details
Year built
1940
Floors in Building
2
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
Momentum Real Estate LLC
Listed By:
Priscilla Tran
(718) 382-0001
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 9 at 7:06PM
MLS# 503909
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 2,035-square-foot duplex at 6501 16th Avenue includes three bedrooms, two bathrooms, living and dining areas, and a walk-in ground/basement level. The lower level provides additional space for recreation, storage, or a home office. Interior features include hardwood flooring, a refrigerator, and a stove, while the property was built in 1940.
The 0.0367-acre property is located in Brooklyn’s 11204 ZIP code and carries R5 zoning. Shopping and dining are available along 16th Avenue and 65th Street, with access to the N, D, and F subway lines. Private parking and a built-in garage add functional value for residential occupants.
The 0.0367-acre property is located in Brooklyn’s 11204 ZIP code and carries R5 zoning. Shopping and dining are available along 16th Avenue and 65th Street, with access to the N, D, and F subway lines. Private parking and a built-in garage add functional value for residential occupants.
Key Highlights
- 2,035‑square‑foot duplex with three bedrooms and two bathrooms
- 0.0367‑acre lot at 6501 16th Avenue, Brooklyn, NY 11204
- Private parking with built‑in garage
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
$71,269
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
6.20%
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%
$1,425,380
$1.4M
Cap Rate 7%
$1,018,129
$1.0M
Cap Rate 9%
$791,878
$791.9K
Market Conditions
NOI Build-Up for 2,035 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
$103.8K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$101.8K $50.03/SF
− OpEx
−$30.5K −$15.01/SF
NOI
$71.3K $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%
$1,425,380
Cap Rate 7%
$1,018,129
Cap Rate 9%
$791,878
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$890.9K – $1.19M
NOI $71,269 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$887.5K
$776.6K – $1.04M
NOI $62,126 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.97M
NOI $117,949 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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-level residential property with a garage, hardwood floors, and flexible lower-level space.
Where is this duplex located?
The property is located at 6501 16th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 2,035‑square‑foot duplex with three bedrooms and two bathrooms; 0.0367‑acre lot at 6501 16th Avenue, Brooklyn, NY 11204; Private parking with built‑in garage
