Two-Story Two-Family Brick
For Sale
Contact for pricing
11 MILFORD STREET, Brooklyn, NY 11208
Two-unit brick duplex with hardwood interiors and two kitchens, offering a straightforward layout for owner-occupants or investors.
Property Size1,867 SF
Lot Size0.04 Acres
Price / SF$484.73
Days on Market79
Property Features for 11 MILFORD STREET
General Information
Standard status
Active
Size
1,867 SF
Lot size
0.04 Acres
Property subtype
Mixed Use
Zoning
R5B
Additional Details
Multifamily Units
2
Building Details
Year Built
1899
Stories
2
Listing Agency:
SHAHID HAKEEM AMID
Listed By:
Hakeem Shahid
(203) 952-7901
Source:
Crexi
Added: Jun 17
Changed: Aug 22
Last Checked: Aug 31 at 9:39PM
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 SHAHID HAKEEM AMID
Investment Insights
Based on property information with market context.
Located at 11 Milford Street, this 2-story, 2-family brick building was built in 1899 and is arranged as two 2-bedroom, 1-bath apartments. Both levels include a kitchen and living room, and the home features hardwood flooring and multiple closets for added storage. There is also a basement. The building is classified as a 2-Family (B1) property, with a construction type listed as brick.
The property is in East New York on a tree-lined block, between Atlantic Ave and Liberty Ave. Public transportation access is noted with A/C/J/Z trains available nearby. Zoning is identified as R5B (Zoning Map 17C), and tax information lists the tax class as 1.
This duplex can work well for tenants or buyers looking for a compact two-unit setup with similar unit layouts across the entry and top floors. With each unit offering two bedrooms, a full bath, and a kitchen and living room, the building supports flexible occupancy options, including living in one unit while renting the other, subject to your intended use and applicable approvals.
The property is in East New York on a tree-lined block, between Atlantic Ave and Liberty Ave. Public transportation access is noted with A/C/J/Z trains available nearby. Zoning is identified as R5B (Zoning Map 17C), and tax information lists the tax class as 1.
This duplex can work well for tenants or buyers looking for a compact two-unit setup with similar unit layouts across the entry and top floors. With each unit offering two bedrooms, a full bath, and a kitchen and living room, the building supports flexible occupancy options, including living in one unit while renting the other, subject to your intended use and applicable approvals.
Key Highlights
- 2‑family brick building built in 1899 on 18.67 x 100 lot (1,867 SF) in Brooklyn’s East New York area
- Two separate 2BR/1‑bath units: 2nd (top) floor and 1st (entry) floor, each with a kitchen and living room
- Basement included; building class 2‑family (B1) with zoning in R5B (Map 17C)
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
$47,927
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
5.30%
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%
$958,540
$958.5K
Cap Rate 7%
$684,671
$684.7K
Cap Rate 9%
$532,522
$532.5K
Market Conditions
NOI Build-Up for 1,867 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
$71.7K $38.40/SF
− Vacancy
−$3.2K −$1.73/SF
EGI
$68.5K $36.67/SF
− OpEx
−$20.5K −$11.00/SF
NOI
$47.9K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$958,540
Cap Rate 7%
$684,671
Cap Rate 9%
$532,522
Alternative Uses
Best Use
Multifamily LT 5
$684.7K
$599.1K – $798.8K
NOI $47,927 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$609.6K
$533.4K – $711.2K
NOI $42,674 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$1.14M
$999.6K – $1.33M
NOI $79,966 @ 7.0% cap · market cap 8.84%
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
3,070
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - Two-unit brick duplex with hardwood interiors and two kitchens, offering a straightforward layout for owner-occupants or investors.
Where is this duplex located?
The property is located at 11 MILFORD STREET Brooklyn, NY.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: 2‑family brick building built in 1899 on 18.67 x 100 lot (1,867 SF) in Brooklyn’s East New York area; Two separate 2BR/1‑bath units: 2nd (top) floor and 1st (entry) floor, each with a kitchen and living room; Basement included; building class 2‑family (B1) with zoning in R5B (Map 17C)
