Duplex with Finished
For Sale
$970,000
842 Belmont Avenue, Brooklyn, NY 11208
Residential, Duplex - Up/Down, Brooklyn, NY
Property Size1,616 SF
Lot Size0.04 Acres
Price / SF$600.25
Days on Market200
Property Features for 842 Belmont Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Interior features
Central Air, Dishwasher, Fireplace, Laundry Area, Refrigerator, Stove, Washer
Fireplace
1
Basement
Finished
Subdivision
East New York
Standard status
Active
Size
1,616 SF
Lot size
0.04 Acres
Amenities
skylight
hardwood floors
fireplace
finished basement
separate entrance
granite countertops
stainless steel appliances
washer/dryer
paved backyard
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Asphalt, Flat
Architectural style
Other
Listing Agency:
Century 21 Achievers
Listed By:
Tia Clarke
(718) 758-0600
Added: Feb 21
Changed: Sep 5
Last Checked: Sep 9 at 9:06PM
MLS# 499104
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 wood-frame duplex at 842 Belmont Avenue contains two residential apartments and a finished basement with its own entrance. Interior features include hardwood flooring, central air, granite countertops, stainless steel appliances, a dishwasher, refrigerator, stove, and washer and dryer. A skylight brings natural light to the upper-level living area, while an enclosed fireplace serves as a focal point in the home. The paved backyard provides additional outdoor space.
The property is in Brooklyn’s East New York area, near the L train at Sutter Avenue, the 2 and 3 trains at Saratoga Avenue, and B12, B14, B20, and B60 bus service. Nearby schools include East New York Middle School of Excellence, PS 345, and PS 202. The home was built in 1899 and measures 1,616 square feet on a 0.0413-acre lot.
The property is in Brooklyn’s East New York area, near the L train at Sutter Avenue, the 2 and 3 trains at Saratoga Avenue, and B12, B14, B20, and B60 bus service. Nearby schools include East New York Middle School of Excellence, PS 345, and PS 202. The home was built in 1899 and measures 1,616 square feet on a 0.0413-acre lot.
Key Highlights
- 1,616‑square‑foot duplex on a 0.0413‑acre lot
- Two‑family layout with separate residential apartments
- Finished basement with separate entrance
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
$41,483
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
4.28%
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%
$829,660
$829.7K
Cap Rate 7%
$592,614
$592.6K
Cap Rate 9%
$460,922
$460.9K
Market Conditions
NOI Build-Up for 1,616 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
$62.1K $38.40/SF
− Vacancy
−$2.8K −$1.73/SF
EGI
$59.3K $36.67/SF
− OpEx
−$17.8K −$11.00/SF
NOI
$41.5K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$829,660
Cap Rate 7%
$592,614
Cap Rate 9%
$460,922
Alternative Uses
Best Use
Multifamily LT 5
$592.6K
$518.5K – $691.4K
NOI $41,483 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$988.8K
$865.2K – $1.15M
NOI $69,215 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,988
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two residential units include hardwood floors, central air, laundry equipment, and a paved backyard.
Where is this duplex located?
The property is located at 842 Belmont Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: 1,616‑square‑foot duplex on a 0.0413‑acre lot; Two‑family layout with separate residential apartments; Finished basement with separate entrance
