Renovated Duplex With
For Sale
$1,200,000
1068 E 86TH Street, Brooklyn, NY 11236
Legal two-family dwelling with separate residential layouts, private parking, and a finished basement.
Property Size1,000 SF
Price / SF$1,200
Days on Market40
Property Features for 1068 E 86TH Street
General Information
Standard status
Active
Size
1,000 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,776
Building Details
Building Size
1,000 SF
Year Built
1970
Listing Agency:
Douglas Elliman Real Estate
(718) 486-4409
Listed By:
Jonathan Anobian
(718) 486-4409
Source:
Miradorrealestate
Added: Jul 6
Changed: Aug 14
Last Checked: Aug 14 at 12:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This legal two-family dwelling was built in 1970 and renovated throughout. The configuration includes a three-bedroom, one-and-a-half-bathroom residence over another three-bedroom, one-and-a-half-bathroom residence, plus an additional two-bedroom, one-bathroom level. A finished basement with its own full bathroom adds substantial utility for recreation, office use, storage, or extended living arrangements. Private parking and a one-car garage are included.
The property is located at 1068 E 86TH Street in Brooklyn’s Canarsie neighborhood, near parks, schools, shopping, restaurants, public transportation, and major roadways. Its residential setting combines neighborhood convenience with a flexible layout suited to owner occupancy, multigenerational living, or rental use.
The property is located at 1068 E 86TH Street in Brooklyn’s Canarsie neighborhood, near parks, schools, shopping, restaurants, public transportation, and major roadways. Its residential setting combines neighborhood convenience with a flexible layout suited to owner occupancy, multigenerational living, or rental use.
Key Highlights
- Legal two‑family dwelling at 1068 E 86TH Street, Brooklyn, NY 11236
- Three‑bedroom, one‑and‑a‑half‑bathroom residence over another three‑bedroom, one‑and‑a‑half‑bathroom residence
- Additional two‑bedroom, one‑bathroom level
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
$35,022
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
2.92%
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%
$700,440
$700.4K
Cap Rate 7%
$500,314
$500.3K
Cap Rate 9%
$389,133
$389.1K
Market Conditions
NOI Build-Up for 1,000 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
$51.0K $51.00/SF
− Vacancy
−$969 −$0.97/SF
EGI
$50.0K $50.03/SF
− OpEx
−$15.0K −$15.01/SF
NOI
$35.0K $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%
$700,440
Cap Rate 7%
$500,314
Cap Rate 9%
$389,133
Alternative Uses
Best Use
Multifamily LT 5
$500.3K
$437.8K – $583.7K
NOI $35,022 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$436.1K
$381.6K – $508.8K
NOI $30,529 @ 7.0% cap · market cap 2.54%
Theoretical Best
Specialty Retail
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,668
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - Legal two-family dwelling with separate residential layouts, private parking, and a finished basement.
Where is this duplex located?
The property is located at 1068 E 86TH Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Legal two‑family dwelling at 1068 E 86TH Street, Brooklyn, NY 11236; Three‑bedroom, one‑and‑a‑half‑bathroom residence over another three‑bedroom, one‑and‑a‑half‑bathroom residence; Additional two‑bedroom, one‑bathroom level
