Duplex with Outdoor
For Sale
$1,499,000
1068 82nd Street, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size1,584 SF
Lot Size0.06 Acres
Price / SF$946.34
Days on Market49
Property Features for 1068 82nd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3X
Bedrooms
3
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 3, Bedroom 2, Bedroom 1
Patio and Porch features
Porch
Interior features
Central Air, Dishwasher, Dryer, Fireplace, Laundry Area, Porch, Refrigerator, Stove, Terrace, Washer
Fireplace
1
Basement
Finished, Full
Subdivision
Dyker Heights
Standard status
Active
Size
1,584 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11053
Amenities
private driveway
radiant heating
central air conditioning
fireplace
spiral staircase
hardwood and marble flooring
Venetian plaster
custom chef's kitchen
powder room
en-suite bedrooms
Jacuzzi bath
private terrace
finished lower level
laundry room
storage room
patio
outdoor kitchen
Building Details
Year built
1925
Floors in Building
3
Flooring type
Tile, Hardwood, Marble, Granite
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen
(917) 536-3632
Added: Jul 16
Changed: Aug 26
Last Checked: Sep 2 at 9:06AM
MLS# 503054
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 R3X-zoned duplex encompasses 1,584 square feet on a 0.0557-acre lot and was built in 1925. The interior includes three bedrooms and five bathrooms across multiple finished levels, with hardwood, marble, tile, and granite surfaces. A fireplace, central air conditioning, radiant heating, laundry area, custom cabinetry, and a finished lower level add functional depth. The kitchen includes a dishwasher, refrigerator, stove, and other built-in features, while a terrace and porch extend the living space.
Outdoor improvements include a patio kitchen with a built-in grill, sink, and counter space. The property is near the shops, markets, cafes, and restaurants along 86th Street, as well as Dyker Beach Park and Golf Course. Local and express buses, the Belt Parkway, and the Verrazano Bridge provide connections to Brooklyn, Manhattan, and Staten Island.
Outdoor improvements include a patio kitchen with a built-in grill, sink, and counter space. The property is near the shops, markets, cafes, and restaurants along 86th Street, as well as Dyker Beach Park and Golf Course. Local and express buses, the Belt Parkway, and the Verrazano Bridge provide connections to Brooklyn, Manhattan, and Staten Island.
Key Highlights
- 1,584‑square‑foot duplex on a 0.0557‑acre lot
- R3X zoning with three bedrooms and five bathrooms
- Finished lower level with laundry, full bathroom, storage, and custom cabinetry
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
$55,474
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
3.70%
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%
$1,109,480
$1.1M
Cap Rate 7%
$792,486
$792.5K
Cap Rate 9%
$616,378
$616.4K
Market Conditions
NOI Build-Up for 1,584 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
$80.8K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$79.2K $50.03/SF
− OpEx
−$23.8K −$15.01/SF
NOI
$55.5K $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%
$1,109,480
Cap Rate 7%
$792,486
Cap Rate 9%
$616,378
Alternative Uses
Best Use
Multifamily LT 5
$792.5K
$693.4K – $924.6K
NOI $55,474 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$690.8K
$604.5K – $806.0K
NOI $48,358 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,809 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,330
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - R3X-zoned duplex offering multiple finished levels, central air, radiant heat, and indoor-outdoor entertaining areas.
Where is this duplex located?
The property is located at 1068 82nd Street 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: 1,584‑square‑foot duplex on a 0.0557‑acre lot; R3X zoning with three bedrooms and five bathrooms; Finished lower level with laundry, full bathroom, storage, and custom cabinetry
