Brick Duplex with Detached
New
For Sale
$1,280,000
986 77th Street, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size1,344 SF
Lot Size0.04 Acres
Price / SF$952.38
Days on Market3
Property Features for 986 77th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 1
Interior features
A/C Unit - Wall, A/C Unit - Window, Dishwasher, Refrigerator, Stove, Washer, Window Treatments
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
1,344 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8520
Amenities
private backyard patio
partially-fenced backyard
front patio
Building Details
Year built
1925
Floors in Building
2
Flooring type
Laminate
Building materials
Brick
Roof type
Asphalt, Flat
Architectural style
Other
Listing Agency:
Ashford Homes LLC
(929) 364-1301
Listed By:
Lin Liu · License #10401365972
(929) 364-1301
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 7:06PM
MLS# 503970
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 approximately 1,344-square-foot brick duplex was built in 1925 and features three bedrooms, one bathroom, bright living and dining areas, and original hardwood floors. The eat-in kitchen includes a dishwasher, refrigerator, stove, and direct access to a backyard patio. Wall and window air-conditioning units, a washer, and window treatments are also included. The property occupies a 0.0425-acre lot measuring 18.5 by 100 feet and has a flat asphalt roof.
A shared driveway leads to a detached one-car garage, with room for an additional vehicle. The home is one block from the B16 bus and approximately one mile from the R Train. Dyker Park and Golf Course, local shopping, supermarkets, restaurants, and waterfront access are nearby. The property is zoned R4-1.
A shared driveway leads to a detached one-car garage, with room for an additional vehicle. The home is one block from the B16 bus and approximately one mile from the R Train. Dyker Park and Golf Course, local shopping, supermarkets, restaurants, and waterfront access are nearby. The property is zoned R4-1.
Key Highlights
- Approximately 1,344 square feet on a 0.0425‑acre lot
- Three‑bedroom, one‑bathroom brick duplex built in 1925
- Detached one‑car garage with space for an additional vehicle
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
$47,069
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
3.68%
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%
$941,380
$941.4K
Cap Rate 7%
$672,414
$672.4K
Cap Rate 9%
$522,989
$523.0K
Market Conditions
NOI Build-Up for 1,344 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
$68.5K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.2K $50.03/SF
− OpEx
−$20.2K −$15.01/SF
NOI
$47.1K $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%
$941,380
Cap Rate 7%
$672,414
Cap Rate 9%
$522,989
Alternative Uses
Best Use
Multifamily LT 5
$672.4K
$588.4K – $784.5K
NOI $47,069 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,031 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,625
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 - Updated brick residential property with three bedrooms, a backyard patio, and off-street parking in Brooklyn.
Where is this duplex located?
The property is located at 986 77th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Approximately 1,344 square feet on a 0.0425‑acre lot; Three‑bedroom, one‑bathroom brick duplex built in 1925; Detached one‑car garage with space for an additional vehicle
