One-Family Residential
For Sale
$1,249,000
Pending
652 88th Street, Brooklyn, NY 11228
SINGLE_FAMILY - Brooklyn, NY
Property Size1,820 SF
Lot Size0.03 Acres
Days on Market94
Property Features for 652 88th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4B
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Parking features
Garage, Open
Interior features
Walk-In Closet(s)
Basement
Finished, Full
Subdivision
Dyker Heights
Standard status
Pending
Size
1,820 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6691
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1930
Floors in Building
3
Building materials
Brick, Stucco
Listing Agency:
Homefinders of SI Inc.
(718) 761-5000
Listed By:
Mei Juan Shi
(718) 761-5000
Added: May 13
Changed: Aug 2
Last Checked: Aug 14 at 5:06PM
MLS# 2602584
Copyright © 2026 Staten Island Board of Realtors. 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 one-family home features a simple, functional layout designed for everyday living. The main level includes a large kitchen that opens to the back yard, a formal dining room, and a living room. The second floor offers three generously sized bedrooms and a full bath. The fully finished basement adds additional usable space, including an extra room and a full bath.
Located in Brooklyn on a tree-lined block near the border of Dyker Heights and Bay Ridge, the property offers a residential setting within Kings County.
With its multi-level configuration and two full baths, the home provides flexible interior space throughout the first and second floors and a fully finished lower level.
Located in Brooklyn on a tree-lined block near the border of Dyker Heights and Bay Ridge, the property offers a residential setting within Kings County.
With its multi-level configuration and two full baths, the home provides flexible interior space throughout the first and second floors and a fully finished lower level.
Key Highlights
- One‑family home with finished basement and an additional full bath
- 3 bedrooms and a full bath on the second floor
- Walk‑in closet(s)
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
$55,563
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
4.45%
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%
$1,111,260
$1.1M
Cap Rate 7%
$793,757
$793.8K
Cap Rate 9%
$617,367
$617.4K
Market Conditions
NOI Build-Up for 1,820 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
$103.1K $56.64/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$101.0K $55.51/SF
− OpEx
−$45.5K −$24.98/SF
NOI
$55.6K $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%
$1,111,260
Cap Rate 7%
$793,757
Cap Rate 9%
$617,367
Alternative Uses
Best Use
Apartment 5plus
$793.8K
$694.5K – $926.1K
NOI $55,563 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,487 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,416
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Move-in ready one-family home with a finished basement, full bath, three bedrooms, and a kitchen opening to the backyard.
Where is this single family property located?
The property is located at 652 88th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: One‑family home with finished basement and an additional full bath; 3 bedrooms and a full bath on the second floor; Walk‑in closet(s)
