Brick Two-Family Duplex with
For Sale
$995,000
10120 Avenue J, Brooklyn, NY 11236
MULTI_FAMILY - Brooklyn, NY
Property Size2,235 SF
Lot Size0.05 Acres
Price / SF$445.19
Days on Market387
Property Features for 10120 Avenue J
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 1
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Canarsie
Standard status
Active
Size
2,235 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5973
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Carpet
Building materials
Brick
Roof type
Rubber, Flat
Architectural style
Ranch
Listing Agency:
BHHS Fillmore R.E.
(718) 272-6666
Listed By:
Rafael M. Lantigua Jr
(718) 368-2500
Added: Jul 23, 2025
Changed: Aug 3
Last Checked: Aug 13 at 3:06PM
MLS# 494430
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.
Brick two-family Duplex residence with a full basement and backyard access from both floors. The layout includes two spacious apartments with three over two bedrooms and three bathrooms, with interior finishes including hardwood and carpet. Kitchen appliances include a refrigerator and a stove. The property was built in 1960 and features a ranch architectural style with a flat rubber roof.
The home is located in the Canarsie neighborhood of Brooklyn, with viewing by appointment only. The second-floor unit is currently occupied. Access to the L train is described as being within a short distance.
Recent updates are noted in the basement, including a new hot water heater and an updated and installed electrical panel. The property is offered "AS IS" with no warranties or representations.
The home is located in the Canarsie neighborhood of Brooklyn, with viewing by appointment only. The second-floor unit is currently occupied. Access to the L train is described as being within a short distance.
Recent updates are noted in the basement, including a new hot water heater and an updated and installed electrical panel. The property is offered "AS IS" with no warranties or representations.
Key Highlights
- 0.0487‑acre lot with 2,235 SF duplex residence
- Built in 1960 ranch style with brick construction
- Full basement with recent renovations
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
Lease Details
Multi-tenant
Tenancy
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 spacious apartments with backyard access from both floors, zoned R5B, near the L train.
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: 0.0487‑acre lot with 2,235 SF duplex residence; Built in 1960 ranch style with brick construction; Full basement with recent renovations
