Three-Bedroom Duplex
For Sale
$3,798,000
7923 11th Avenue, Brooklyn, NY 11228
SINGLE_FAMILY - Brooklyn, NY
Property Size3,428 SF
Lot Size0.08 Acres
Price / SF$1,107
Days on Market183
Property Features for 7923 11th Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 5, Bathroom 2
Parking features
Garage - Attached, Garage
Patio and Porch features
Deck, Porch
Interior features
Deck, Dishwasher, Laundry Area, Microwave, Porch, Washer
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
3,428 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
15329
Amenities
private indoor garage
10-foot-ceiling basement
expansive living and dining areas
fully equipped chef's kitchen
integrated music automation
comprehensive sound insulation
radiant heating
heated sidewalk
seven interior heating zones
14-ton central air conditioning
primary suite with walk-in closet
top floor office suite with meeting room and full bath
landscaped garden with ornamental fish
indoor BBQ recreation area
Building Details
Year built
2008
Floors in Building
3
Flooring type
Hardwood, Stone
Roof type
Metal
Architectural style
Other
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Feb 25
Changed: Aug 9
Last Checked: Aug 27 at 10:06PM
MLS# 499109
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.
Completed in 2008, this three-level duplex residence offers three bedrooms and four and a half bathrooms, plus a private indoor attached garage. The home includes expansive living and dining areas, a fully equipped chef’s kitchen, and interior sound insulation throughout. A 10-foot-ceiling basement features radiant heating on every floor, complemented by a heated sidewalk, seven interior heating zones, and a 14-ton central air conditioning system.
The upper and main levels are configured for everyday living, with the second level featuring three bedrooms and a primary suite with a walk-in closet. The top floor functions as a dedicated office suite with a meeting room and a full bath. Exterior amenities include a landscaped garden with ornamental fish and an indoor BBQ recreation area.
Additional interior conveniences include a deck and porch, hardwood and stone flooring, and in-unit laundry area with a washer. The roof is metal.
The upper and main levels are configured for everyday living, with the second level featuring three bedrooms and a primary suite with a walk-in closet. The top floor functions as a dedicated office suite with a meeting room and a full bath. Exterior amenities include a landscaped garden with ornamental fish and an indoor BBQ recreation area.
Additional interior conveniences include a deck and porch, hardwood and stone flooring, and in-unit laundry area with a washer. The roof is metal.
Key Highlights
- 3428 SF three‑level duplex residence completed in 2008
- Zoned R4‑1 with a 0.0765‑acre lot
- Private attached indoor garage plus deck and porch
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
$120,054
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
3.16%
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%
$2,401,080
$2.4M
Cap Rate 7%
$1,715,057
$1.7M
Cap Rate 9%
$1,333,933
$1.3M
Market Conditions
NOI Build-Up for 3,428 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
$174.8K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$171.5K $50.03/SF
− OpEx
−$51.5K −$15.01/SF
NOI
$120.1K $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%
$2,401,080
Cap Rate 7%
$1,715,057
Cap Rate 9%
$1,333,933
Alternative Uses
Best Use
Multifamily LT 5
$1.72M
$1.50M – $2.00M
NOI $120,054 @ 7.0% cap · market cap 3.16%
Second Best
Apartment 5plus
$1.50M
$1.31M – $1.74M
NOI $104,653 @ 7.0% cap · market cap 2.76%
Theoretical Best
Specialty Retail
$2.84M
$2.48M – $3.31M
NOI $198,687 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,986
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
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 - R4-1 zoned, three-level duplex completed in 2008 with an attached private garage and a 10-foot-ceiling basement.
Where is this duplex located?
The property is located at 7923 11th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,798,000.
What are key features of this property?
This property features: 3428 SF three‑level duplex residence completed in 2008; Zoned R4‑1 with a 0.0765‑acre lot; Private attached indoor garage plus deck and porch
