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 c***@remaxedgeny.com Show Phone

Listed By: Faig Mikayilov · License #10301220271 Show Phone

Added: Aug 25 Changed: Oct 1 Last Checked: Oct 10 at 3:06AM

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MLS# 504021

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Investment Insights

Based on property information with market context.

This 1910 brick two-family property contains 2,140 square feet and will be delivered vacant. The owner’s duplex occupies the first and parlor floors, with two bedrooms, two bathrooms, a living room, and an eat-in kitchen. Hardwood flooring and a flat roof are among the property’s features. Renovation is required.

A detached two-car garage is included, with additional space that may have potential for retail or commercial use.

Key Highlights

• Two‑family brick property with 2,140 square feet
• Owner’s duplex spans the first and parlor floors, with 2 bedrooms and 2 bathrooms
• Detached garage accommodates 2 cars and includes additional space with potential retail or commercial use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$74,946

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $74,946 @ 7.0% cap · market cap 5.00%

Second Best

Apartment 5plus

$933.3K

$816.7K – $1.09M (±1% cap)

NOI $65,332 @ 7.0% cap · market cap 4.36%

Theoretical Best

Specialty Retail

$1.77M

$1.55M – $2.07M (±1% cap)

NOI $124,034 @ 7.0% cap · market cap 8.27%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Dental Office Parking Lot & Garage Real Estate Agency Auto Parts Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - The owner’s unit spans two floors and includes an eat-in kitchen, while the property will be delivered vacant.

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 $1,499,000.

What are key features of this property?

This property features: Two‑family brick property with 2,140 square feet; Owner’s duplex spans the first and parlor floors, with 2 bedrooms and 2 bathrooms; Detached garage accommodates 2 cars and includes additional space with potential retail or commercial use