Brick Duplex With Detached
New
For Sale
$1,598,000
104 Albany Avenue, Brooklyn, NY 11213
Residential, Brooklyn, NY
Property Size2,140 SF
Lot Size0.04 Acres
Price / SF$746.73
Days on Market4
Property Features for 104 Albany Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Garage - Detached
Basement
Unfinished, Full
Subdivision
Crown Heights
Standard status
Active
Size
2,140 SF
Lot size
0.04 Acres
Building Details
Year built
1910
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Faig Mikayilov · License #10301220271
(718) 612-3088
Added: Aug 25
Last Checked: Aug 28 at 10:06AM
MLS# 504021
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 1910 brick duplex contains 2,140 square feet and is arranged as a two-family residence. The owner’s unit occupies the first and parlor floors, with 2 bedrooms, 2 bathrooms, a living room, and an eat-in kitchen. Hardwood flooring and a flat roof are among the existing building features. The property requires renovation and will be delivered vacant.
A detached two-car garage is included, along with additional space that may be suitable for retail or commercial use. The 0.0399-acre property is located at 104 Albany Avenue in Brooklyn, NY 11213.
A detached two-car garage is included, along with additional space that may be suitable for retail or commercial use. The 0.0399-acre property is located at 104 Albany Avenue in Brooklyn, NY 11213.
Key Highlights
- 1910‑built brick duplex with 2,140 square feet
- Owner’s duplex spans the first and parlor floors
- Owner’s unit includes 2 bedrooms, 2 bathrooms, living room, and eat‑in kitchen
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
$74,946
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
4.69%
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%
$1,498,920
$1.5M
Cap Rate 7%
$1,070,657
$1.1M
Cap Rate 9%
$832,733
$832.7K
Market Conditions
NOI Build-Up for 2,140 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
$109.1K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$107.1K $50.03/SF
− OpEx
−$32.1K −$15.01/SF
NOI
$74.9K $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%
$1,498,920
Cap Rate 7%
$1,070,657
Cap Rate 9%
$832,733
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$936.8K – $1.25M
NOI $74,946 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$933.3K
$816.7K – $1.09M
NOI $65,332 @ 7.0% cap · market cap 4.09%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,034 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,083
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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 - Vacant two-family residence with an owner’s duplex layout and renovation needs.
Where is this duplex located?
The property is located at 104 Albany Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: 1910‑built brick duplex with 2,140 square feet; Owner’s duplex spans the first and parlor floors; Owner’s unit includes 2 bedrooms, 2 bathrooms, living room, and eat‑in kitchen
