Two-Family Brick
For Sale
$1,499,000
904 Avenue C, Brooklyn, NY 11218
MULTI_FAMILY - Brooklyn, NY
Property Size2,176 SF
Lot Size0.04 Acres
Price / SF$688.88
Days on Market49
Property Features for 904 Avenue C
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 6
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Kensington
Standard status
Active
Size
2,176 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6788
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
US National Real Estate Inc
(718) 282-8200
Listed By:
Neimat Ullah
(718) 282-8200
Added: Jul 9
Changed: Aug 13
Last Checked: Aug 26 at 10:06AM
MLS# 502915
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, all-brick two-family townhouse offers a straightforward layout with two spacious units and a fully finished basement that has its own private entrance. Additional basement interior space can also be used for recreation or extra storage. The home is complemented by natural light throughout and extra window exposure. Interior features include hardwood flooring, plus a refrigerator and stove.
Built in 1899, the property has a flat roof and is positioned on a 0.0367-acre lot. The rooms list includes multiple bedrooms and bathrooms across the layout, supporting flexible use depending on unit configuration.
With its brick construction and dedicated basement access, the property can be useful for end-users seeking an owner-occupied arrangement with rental income, or for investors looking for a multi-family asset.
Built in 1899, the property has a flat roof and is positioned on a 0.0367-acre lot. The rooms list includes multiple bedrooms and bathrooms across the layout, supporting flexible use depending on unit configuration.
With its brick construction and dedicated basement access, the property can be useful for end-users seeking an owner-occupied arrangement with rental income, or for investors looking for a multi-family asset.
Key Highlights
- Semi‑detached, all‑brick two‑family townhouse
- Fully finished basement with its own private entrance
- Hardwood flooring plus refrigerator and stove
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
$76,207
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
5.08%
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%
$1,524,140
$1.5M
Cap Rate 7%
$1,088,671
$1.1M
Cap Rate 9%
$846,744
$846.7K
Market Conditions
NOI Build-Up for 2,176 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
$111.0K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$108.9K $50.03/SF
− OpEx
−$32.7K −$15.01/SF
NOI
$76.2K $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%
$1,524,140
Cap Rate 7%
$1,088,671
Cap Rate 9%
$846,744
Alternative Uses
Best Use
Multifamily LT 5
$1.09M
$952.6K – $1.27M
NOI $76,207 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$949.0K
$830.4K – $1.11M
NOI $66,431 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,121 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,392
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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 - Semi-detached, all-brick two-family townhouse with hardwood floors, flat roof, and a finished basement with private entrance.
Where is this duplex located?
The property is located at 904 Avenue C Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Semi‑detached, all‑brick two‑family townhouse; Fully finished basement with its own private entrance; Hardwood flooring plus refrigerator and stove
