Classic Two-Family Home in
For Sale
$819,900
10117 Avenue K, Brooklyn, NY 11236
Two-family home near L train and Canarsie Pier.
Property Size1,596 SF
Days on Market114
Property Features for 10117 Avenue K
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Multi Family Home
Zoning
R5B
Building Details
Building Size
1,596 SF
Year Built
1955
Stories
1
Listing Agency:
Exit All Seasons Realty
Listed By:
Jaroslaw Kaszuba
(718) 345-4545
Source:
Excellchoicerealty
Added: May 19
Changed: Sep 8
Last Checked: Sep 8 at 6:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Exit All Seasons Realty
Investment Insights
Based on property information with market context.
This classic two-family home in Canarsie presents an opportunity for a new chapter. Each level features a comfortable floor plan with a large two-bedroom apartment. The brick house offers a timeless look and durability. A private driveway provides easy and secure parking. Located just a few minutes from the L train, it is ideal for commuters. The Canarsie Pier, an amazing water trail and fishing hotspot for more than 300 years, is located down Rockaway Parkway. Canarsie Park, with various trails and sports courts, as well as street fairs and pop-up markets, is also nearby. The property has a bike score of 51, indicating it is bikeable. The walk score is 78, classifying it as very walkable, and the transit score is 95, indicating it is a rider's paradise.
Key Highlights
- Excellent Transit Score (95): Rider's Paradise, offering an easy commute via the L train.
- Two‑family home: Opportunity to build equity and generate rental income.
- Private Driveway: Provides easy and secure parking.
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
$55,895
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
6.82%
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%
$1,117,900
$1.1M
Cap Rate 7%
$798,500
$798.5K
Cap Rate 9%
$621,056
$621.1K
Market Conditions
NOI Build-Up for 1,596 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
$81.4K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$79.8K $50.03/SF
− OpEx
−$24.0K −$15.01/SF
NOI
$55.9K $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%
$1,117,900
Cap Rate 7%
$798,500
Cap Rate 9%
$621,056
Alternative Uses
Best Use
Multifamily LT 5
$798.5K
$698.7K – $931.6K
NOI $55,895 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$696.1K
$609.1K – $812.1K
NOI $48,724 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,504 @ 7.0% cap · market cap 11.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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-family home near L train and Canarsie Pier.
Where is this duplex located?
The property is located at 10117 Avenue K Brooklyn, NY.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: Excellent Transit Score (95): Rider's Paradise, offering an easy commute via the L train.; Two‑family home: Opportunity to build equity and generate rental income.; Private Driveway: Provides easy and secure parking.
