Semi-Detached Single-Family
For Sale
$1,299,000
938 76th Street, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size1,280 SF
Lot Size0.05 Acres
Price / SF$1,014
Days on Market99
Property Features for 938 76th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2, Bathroom 3
Interior features
A/C Unit - Window, Dryer, Microwave, Refrigerator, Stove, Window Treatments
Basement
Finished, Full
Subdivision
Dyker Heights
Standard status
Active
Size
1,280 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8292
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Century 21 Realty First
(718) 758-5838
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Added: May 26
Changed: Aug 30
Last Checked: Sep 1 at 7:06AM
MLS# 501764
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.
Semi-detached single-family home on a 20x100 lot with a 16x34 building size, featuring a shared driveway and a detached garage. The first floor offers an entertaining layout with a spacious sunroom, living room, formal dining room, and an island kitchen with skylights. The second floor includes three generously sized bedrooms and a full bathroom. A fully finished basement includes a separate entrance and bathroom on the lower level. Brand-new wood floors are throughout, and the home has had a recently changed water heater and furnace.
Located in Brooklyn’s Dyker Heights area, with transportation options including the B16 and B4 and the BQE nearby. The property is also described as close to supermarkets, convenience stores, and high-rated schools.
Overall, the home provides multiple levels of finished living space, including bedrooms on the second floor and additional usable space in the finished basement with its own entrance.
Located in Brooklyn’s Dyker Heights area, with transportation options including the B16 and B4 and the BQE nearby. The property is also described as close to supermarkets, convenience stores, and high-rated schools.
Overall, the home provides multiple levels of finished living space, including bedrooms on the second floor and additional usable space in the finished basement with its own entrance.
Key Highlights
- Semi‑detached single‑family home on a 20x100 lot with a 16x34 building size
- 16x34 building features a spacious sunroom, living room, formal dining room, and island kitchen with skylights
- 3 bedrooms and a full bathroom on the second floor
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
$39,077
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
3.01%
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%
$781,540
$781.5K
Cap Rate 7%
$558,243
$558.2K
Cap Rate 9%
$434,189
$434.2K
Market Conditions
NOI Build-Up for 1,280 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
$72.5K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$71.0K $55.51/SF
− OpEx
−$32.0K −$24.98/SF
NOI
$39.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$781,540
Cap Rate 7%
$558,243
Cap Rate 9%
$434,189
Alternative Uses
Best Use
Apartment 5plus
$558.2K
$488.5K – $651.3K
NOI $39,077 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.06M
$927.4K – $1.24M
NOI $74,189 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,133
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Well-maintained semi-detached home with a detached garage and a fully finished basement with a separate entrance.
Where is this single family property located?
The property is located at 938 76th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Semi‑detached single‑family home on a 20x100 lot with a 16x34 building size; 16x34 building features a spacious sunroom, living room, formal dining room, and island kitchen with skylights; 3 bedrooms and a full bathroom on the second floor
