Duplex with Finished
For Sale
$1,249,900
1024 68th Street, Brooklyn, NY 11219
Residential, Duplex, Brooklyn, NY
Property Size1,360 SF
Lot Size0.04 Acres
Price / SF$919.04
Days on Market24
Property Features for 1024 68th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 1
Parking features
Garage - Detached
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
1,360 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7575
Building Details
Year built
1930
Floors in Building
2
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Allan H. Zhu · License #AHZ7089
(646) 318-2333
Added: Aug 17
Changed: Sep 6
Last Checked: Sep 9 at 10:06PM
MLS# 503848
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 semi-detached duplex provides 1,360 square feet across a two-level living arrangement with an additional finished basement. The main level includes the living room, dining area, and kitchen, while the upper floor contains three bedrooms. A detached garage and shared driveway are included with the property.
Constructed in 1930, the residence occupies a 0.0401-acre lot measuring 24 by 73 feet. The building measures 20 by 30 feet and carries R4 zoning. The finished basement adds usable interior space beyond the primary floors.
Constructed in 1930, the residence occupies a 0.0401-acre lot measuring 24 by 73 feet. The building measures 20 by 30 feet and carries R4 zoning. The finished basement adds usable interior space beyond the primary floors.
Key Highlights
- 1,360‑square‑foot semi‑detached duplex with three bedrooms
- Finished basement provides additional interior space
- Detached garage with shared driveway
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
$39,276
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
3.14%
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%
$785,520
$785.5K
Cap Rate 7%
$561,086
$561.1K
Cap Rate 9%
$436,400
$436.4K
Market Conditions
NOI Build-Up for 1,360 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
$58.8K $43.20/SF
− Vacancy
−$2.6K −$1.94/SF
EGI
$56.1K $41.26/SF
− OpEx
−$16.8K −$12.38/SF
NOI
$39.3K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$785,520
Cap Rate 7%
$561,086
Cap Rate 9%
$436,400
Alternative Uses
Best Use
Multifamily LT 5
$561.1K
$491.0K – $654.6K
NOI $39,276 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$503.7K
$440.7K – $587.6K
NOI $35,256 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$881.7K
$771.5K – $1.03M
NOI $61,716 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom residence with a finished basement, detached garage, and shared driveway.
Where is this duplex located?
The property is located at 1024 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,900.
What are key features of this property?
This property features: 1,360‑square‑foot semi‑detached duplex with three bedrooms; Finished basement provides additional interior space; Detached garage with shared driveway
