Spacious Dyker Heights Two-Family
1016 84th Street Brooklyn, NY 11228
1016 84th Street, Brooklyn, NY, 11228
Contact for pricing
For Sale
Contact for pricing
Pending
Large two-family brick home in prime Dyker Heights location.
Property Size3,200 SF
Lot Size0.14 Acres
Days on Market64
Property Features for 1016 84th Street
General Information
- Standard status
- Pending
- Size
- 3,200 SF
- Lot size
- 0.14 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1899
Listing agency
NEUHAUS REALTY INC.
Listed by
Gaetano Marasa · License #NY
Source
Crexi
Added: May 20 Updated: Jul 10 at 1:34PM Checked: Jul 22 at 12:49PM
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 NEUHAUS REALTY INC.
Investment Insights
Based on property information with market context.
Located in Dyker Heights, this large, two-family, all-brick home is situated on a 60x100 lot. The property features an oversized driveway that can accommodate six cars, along with a detached two-car garage. Currently used as a one-family home, the first floor includes an entry foyer, formal dining room, a bedroom/sunroom, an eat-in kitchen, a formal living room with a wood-burning fireplace, a full bath, a screened-in back porch, and steps to the yard. The second floor features a large primary bedroom, three additional bedrooms, a full bath, and steps up to the third level, which has two additional bedrooms. One of the second-floor bedrooms was originally the kitchen for the second unit and can be easily converted back; this room also has a balcony. The full finished basement includes a large summer kitchenette, a full living room, a dining area, a utility room, a wine cellar, 10 ft ceilings, and a separate side entry to the yard. The property is close to transportation, schools, and Dyker Park. It is suitable for a multi-generational family or investors.
Key Highlights
- Large 60x100 lot with oversized driveway for 6 cars and a detached 2‑car garage.
- Potential for multi‑generational living or investment property with easy conversion back to a 2‑family home.
- Full finished basement with summer kitchenette, living room, dining area, wine cellar, 10 ft ceilings, and separate entrance.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $160.1k | $50.03 |
| − OpEx | −$48.0k | −$15.01 |
| NOI | $112.1k | $35.02 |
3,200 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.87M
NOI $112,069 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$1.40M
$1.22M – $1.63M
NOI $97,693 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$2.65M
$2.32M – $3.09M
NOI $185,472 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Large two-family brick home in prime Dyker Heights location.
Where is this duplex located?
The property is located at 1016 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Large 60x100 lot with oversized driveway for 6 cars and a detached 2‑car garage.; Potential for multi‑generational living or investment property with easy conversion back to a 2‑family home.; Full finished basement with summer kitchenette, living room, dining area, wine cellar, 10 ft ceilings, and separate entrance.
