Duplex Home with Private Driveway and
For Sale
$1,699,000
8729 14th Avenue, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size2,116 SF
Lot Size0.06 Acres
Price / SF$802.93
Days on Market75
Property Features for 8729 14th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 4
Parking features
Garage
Interior features
Refrigerator, Stove, Terrace, Washer
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
2,116 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8084
Amenities
backyard
gas-connected barbecue area
waterproof awning
front balcony
rear balcony
split-system A/C units
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Added: Jun 11
Changed: Aug 4
Last Checked: Aug 24 at 5:06PM
MLS# 502219
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.
A beautifully maintained two-family semi-detached duplex with private driveway and garage parking. The home sits on a 26' x 97' lot with a 23' x 46' building and was renovated a few years ago. Inside, the first floor offers a bright living room, two bedrooms, a kitchen, and access to a well-kept backyard. The outdoor space is set up for entertaining with a gas-connected barbecue area and a waterproof awning.
The second floor features an open-concept layout with a large living room, marble finishes, and a modern kitchen with quality countertops. There are three split-system A/C units, two generously sized bedrooms, and an updated bathroom. Front and rear balconies add additional outdoor living space with golf course views.
Built in 1950 with brick construction and a rubber roof, the duplex includes tile and hardwood flooring and interior features such as a refrigerator, stove, washer, and terrace. It’s conveniently located near PS 229, shopping, supermarkets, restaurants, bakeries, banks, and public transportation, with access to the R and D trains, B64 local bus, X28 and X38 express buses to Manhattan, and the Belt Parkway.
The second floor features an open-concept layout with a large living room, marble finishes, and a modern kitchen with quality countertops. There are three split-system A/C units, two generously sized bedrooms, and an updated bathroom. Front and rear balconies add additional outdoor living space with golf course views.
Built in 1950 with brick construction and a rubber roof, the duplex includes tile and hardwood flooring and interior features such as a refrigerator, stove, washer, and terrace. It’s conveniently located near PS 229, shopping, supermarkets, restaurants, bakeries, banks, and public transportation, with access to the R and D trains, B64 local bus, X28 and X38 express buses to Manhattan, and the Belt Parkway.
Key Highlights
- Two‑family semi‑detached duplex with private driveway and garage parking
- 26' x 97' lot with 23' x 46' building
- Renovated a few years ago and move‑in‑ready
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
$74,106
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
4.36%
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%
$1,482,120
$1.5M
Cap Rate 7%
$1,058,657
$1.1M
Cap Rate 9%
$823,400
$823.4K
Market Conditions
NOI Build-Up for 2,116 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
$107.9K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$105.9K $50.03/SF
− OpEx
−$31.8K −$15.01/SF
NOI
$74.1K $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%
$1,482,120
Cap Rate 7%
$1,058,657
Cap Rate 9%
$823,400
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.3K – $1.24M
NOI $74,106 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$922.8K
$807.5K – $1.08M
NOI $64,599 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,643 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,832
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 - Renovated two-family semi-detached duplex with private driveway, garage parking, and multiple outdoor spaces including a backyard and balconies.
Where is this duplex located?
The property is located at 8729 14th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two‑family semi‑detached duplex with private driveway and garage parking; 26' x 97' lot with 23' x 46' building; Renovated a few years ago and move‑in‑ready
