Renovated Two-Family Brick
For Sale
$1,550,000
109 Amersfort Place, Brooklyn, NY 11210
Seven-bedroom layout with separate upper and lower residences, hardwood floors, and updated kitchen amenities.
Property Size3,154 SF
Price / SF$491.44
Days on Market125
Property Features for 109 Amersfort Place
General Information
Standard status
Active
Size
3,154 SF
Property subtype
Multi Family
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,589
Building Details
Building Size
3,154 SF
Year Built
1910
Buildings
1
Construction
brick
Listing Agency:
Compass
(917) 246-8581
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Source:
Carlinwright
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 31 at 9:35PM
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 Compass
Investment Insights
Based on property information with market context.
This two-family brick townhouse contains seven bedrooms and five full bathrooms across an upper residence and a lower duplex. The property has been fully renovated and features hardwood flooring, bay windows, and rear-facing windows overlooking the garden. The lower residence includes three bedrooms, an open living and kitchen area, stainless steel appliances, a French door refrigerator, and a gas range. Its lower level adds recreation space and a full bathroom. The upper residence provides four bedrooms and two full bathrooms, creating additional living space or an income-producing arrangement.
Built in 1910, the home is located on Amersfort Place in Brooklyn’s Flatbush area, near Brooklyn College and Flatbush Junction Station. Midwood Playground is four blocks away, and Triangle Junction Mall includes Aldi and Target. Subway service includes the 2 and 5 lines, with B11 and B6 bus routes also nearby.
Built in 1910, the home is located on Amersfort Place in Brooklyn’s Flatbush area, near Brooklyn College and Flatbush Junction Station. Midwood Playground is four blocks away, and Triangle Junction Mall includes Aldi and Target. Subway service includes the 2 and 5 lines, with B11 and B6 bus routes also nearby.
Key Highlights
- Two‑family brick townhouse with 7 bedrooms and 5 full bathrooms
- Fully renovated interior with hardwood floors and bay windows
- Lower duplex offers 3 bedrooms, recreation space, and a full bathroom
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
$110,458
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
7.13%
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%
$2,209,160
$2.2M
Cap Rate 7%
$1,577,971
$1.6M
Cap Rate 9%
$1,227,311
$1.2M
Market Conditions
NOI Build-Up for 3,154 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
$160.9K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$157.8K $50.03/SF
− OpEx
−$47.3K −$15.01/SF
NOI
$110.5K $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%
$2,209,160
Cap Rate 7%
$1,577,971
Cap Rate 9%
$1,227,311
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,458 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$1.38M
$1.20M – $1.60M
NOI $96,288 @ 7.0% cap · market cap 6.21%
Theoretical Best
Specialty Retail
$2.61M
$2.29M – $3.05M
NOI $182,806 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
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 - Seven-bedroom layout with separate upper and lower residences, hardwood floors, and updated kitchen amenities.
Where is this duplex located?
The property is located at 109 Amersfort Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two‑family brick townhouse with 7 bedrooms and 5 full bathrooms; Fully renovated interior with hardwood floors and bay windows; Lower duplex offers 3 bedrooms, recreation space, and a full bathroom
