Brooklyn Two-Family
For Sale
$995,000
10120 Avenue J, Brooklyn, NY 11236
Two-family residence in Canarsie, Brooklyn with backyard access.
Property Size2,235 SF
Days on Market410
Property Features for 10120 Avenue J
General Information
Standard status
Active
Size
2,235 SF
Property subtype
Multi Family Home
Zoning
R5B
Building Details
Building Size
2,235 SF
Year Built
1960
Stories
2
Listing Agency:
Bhhs Fillmore R. E.
Listed By:
Rafael M. Lantigua Jr
(718) 272-6666
Source:
Excellchoicerealty
Added: Jul 23, 2025
Changed: Sep 4
Last Checked: Sep 1 at 10:47PM
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 Bhhs Fillmore R. E.
Investment Insights
Based on property information with market context.
Located in the Canarsie neighborhood of Brooklyn, this two-family residence features two apartments. The layout includes a three-bedroom apartment over a two-bedroom apartment. A full basement is also present. Both floors have access to the backyard. The property is conveniently located within a short distance from the L train. The property is occupied on the second floor, and viewings are by appointment only. The home is sold as-is, with no warranties or representations.
Key Highlights
- Two‑family residence: Ideal for investors or multi‑generational living.
- Spacious apartments: Offers comfortable living spaces.
- Three over two bedroom layout: Provides ample room for residents.
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
$78,273
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
7.87%
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%
$1,565,460
$1.6M
Cap Rate 7%
$1,118,186
$1.1M
Cap Rate 9%
$869,700
$869.7K
Market Conditions
NOI Build-Up for 2,235 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
$114.0K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$111.8K $50.03/SF
− OpEx
−$33.5K −$15.01/SF
NOI
$78.3K $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%
$1,565,460
Cap Rate 7%
$1,118,186
Cap Rate 9%
$869,700
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.4K – $1.30M
NOI $78,273 @ 7.0% cap · market cap 7.87%
Second Best
Apartment 5plus
$974.7K
$852.9K – $1.14M
NOI $68,232 @ 7.0% cap · market cap 6.86%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,541 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,851
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 residence in Canarsie, Brooklyn with backyard access.
Where is this duplex located?
The property is located at 10120 Avenue J Brooklyn, NY.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑family residence: Ideal for investors or multi‑generational living.; Spacious apartments: Offers comfortable living spaces.; Three over two bedroom layout: Provides ample room for residents.
