Oversized Duplex with Eight
For Sale
$1,400,000
1026 39th Street, Brooklyn, NY 11219
MULTI_FAMILY - Brooklyn, NY
Property Size2,616 SF
Lot Size0.04 Acres
Price / SF$535.17
Days on Market325
Property Features for 1026 39th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
M1-2
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 5, Bedroom 8, Bedroom 3
Interior features
Dryer, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
2,616 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5181
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Oct 6, 2025
Changed: Aug 4
Last Checked: Aug 26 at 8:06AM
MLS# 496375
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.
1026 39th Street in Brooklyn, NY presents an oversized brick duplex configured as a two-family home. The layout includes 8 bedrooms and 5 full bathrooms, with the first floor offering 4 bedrooms (including a master suite with a private full bath) plus 3 additional bedrooms and a shared bath. The second floor is arranged with 4 bedrooms and 2 full baths. A finished basement includes a full bathroom and a separate front entrance.
The building measures 20x70' on a 20x95' lot (0.0437 acres), with an estimated approx. 1,200 SF of additional buildable potential. Zoning is M1-2. Construction is brick with a flat roof, and the property was built in 1920.
Interior features include a washer, dryer, refrigerator, and stove. Flooring is hardwood and tile.
The building measures 20x70' on a 20x95' lot (0.0437 acres), with an estimated approx. 1,200 SF of additional buildable potential. Zoning is M1-2. Construction is brick with a flat roof, and the property was built in 1920.
Interior features include a washer, dryer, refrigerator, and stove. Flooring is hardwood and tile.
Key Highlights
- 8 bedrooms and 5 full bathrooms across two floors plus finished basement
- M1‑2 zoning with approx. 1,200 SF of additional buildable potential
- 20x70' building on a 20x95' lot (0.0437 acres)
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
$75,548
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
5.40%
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%
$1,510,960
$1.5M
Cap Rate 7%
$1,079,257
$1.1M
Cap Rate 9%
$839,422
$839.4K
Market Conditions
NOI Build-Up for 2,616 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
$113.0K $43.20/SF
− Vacancy
−$5.1K −$1.94/SF
EGI
$107.9K $41.26/SF
− OpEx
−$32.4K −$12.38/SF
NOI
$75.5K $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%
$1,510,960
Cap Rate 7%
$1,079,257
Cap Rate 9%
$839,422
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$944.4K – $1.26M
NOI $75,548 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$968.8K
$847.7K – $1.13M
NOI $67,816 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,712 @ 7.0% cap · market cap 8.48%
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
5,061
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Brick eight-bedroom duplex with M1-2 zoning and a finished basement, offering additional buildable potential.
Where is this duplex located?
The property is located at 1026 39th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 8 bedrooms and 5 full bathrooms across two floors plus finished basement; M1‑2 zoning with approx. 1,200 SF of additional buildable potential; 20x70' building on a 20x95' lot (0.0437 acres)
