Brick Duplex with Finished
For Sale
$1,099,000
724 E 82nd Street, Brooklyn, NY 11236
Residential, Duplex - Up/Down, Brooklyn, NY
Property Size2,760 SF
Lot Size0.05 Acres
Price / SF$398.19
Days on Market41
Property Features for 724 E 82nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 2
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, Porch
Basement
Finished
Subdivision
Canarsie
Standard status
Active
Size
2,760 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7064
Amenities
front balcony
finished basement with separate entrance
Building Details
Year built
1960
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Douglas E. Beaton
(718) 368-2500
Added: Jul 28
Changed: Sep 6
Last Checked: Sep 6 at 9:06PM
MLS# 503338
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 semi-detached, solid-brick two-family residence provides approximately 2,760 square feet on a 22-by-100-foot lot. The upper-level owner’s duplex includes four bedrooms, three bathrooms, hardwood and tile flooring, a private primary-bedroom bath, a walk-in closet, and a second-floor balcony. Windows on three sides bring natural light into the home. A separate first-floor apartment offers two bedrooms and one full bathroom.
Additional usable space is provided by a finished basement with its own entrance. The community driveway accommodates up to three vehicles. The property is near Gateway Center, Kings Plaza, Canarsie Park, Canarsie Pier, and Shirley Chisholm State Park, as well as restaurants and shopping. Built in 1960, the residence is zoned R5B and includes wall-unit air conditioning, a porch, and a flat rubber roof.
Additional usable space is provided by a finished basement with its own entrance. The community driveway accommodates up to three vehicles. The property is near Gateway Center, Kings Plaza, Canarsie Park, Canarsie Pier, and Shirley Chisholm State Park, as well as restaurants and shopping. Built in 1960, the residence is zoned R5B and includes wall-unit air conditioning, a porch, and a flat rubber roof.
Key Highlights
- Approximately 2,760 square feet on a 22‑by‑100‑foot lot
- Owner’s duplex with 4 bedrooms and 3 bathrooms
- Separate first‑floor apartment with 2 bedrooms and 1 full bathroom
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
$96,660
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
8.80%
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%
$1,933,200
$1.9M
Cap Rate 7%
$1,380,857
$1.4M
Cap Rate 9%
$1,074,000
$1.1M
Market Conditions
NOI Build-Up for 2,760 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
$140.8K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$138.1K $50.03/SF
− OpEx
−$41.4K −$15.01/SF
NOI
$96.7K $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%
$1,933,200
Cap Rate 7%
$1,380,857
Cap Rate 9%
$1,074,000
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,660 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,260 @ 7.0% cap · market cap 7.67%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,970 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,110
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached two-family residence with an owner’s duplex, separate apartment, finished basement, and community-driveway parking.
Where is this duplex located?
The property is located at 724 E 82nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Approximately 2,760 square feet on a 22‑by‑100‑foot lot; Owner’s duplex with 4 bedrooms and 3 bathrooms; Separate first‑floor apartment with 2 bedrooms and 1 full bathroom
