Two-Story Brick
For Sale
$890,000
11 MILFORD STREET, Brooklyn, NY 11208
Residential Income, BROOKLYN, NY
Property Size1,792 SF
Lot Size0.04 Acres
Price / SF$496.65
Days on Market80
Property Features for 11 MILFORD STREET
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bathroom 2, Bathroom 1
Subdivision
Cypress Hills
Standard status
Active
Lot size
0.04 Acres
Utilities
Heating system
Steam
Building Details
Year built
1899
Floors in Building
2
Flooring type
Hardwood, Tile
Architectural style
Other
Listing Agency:
SHAHID HAKEEM AMID
Listed By:
Hakeem Shahid
(203) 952-7901
Added: Jun 17
Changed: Sep 4
Last Checked: Sep 4 at 10:06AM
MLS# 11833491
Copyright © 2026 My State MLS. 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 two-family brick residence at 11 Milford Street is arranged across two stories and delivered vacant in as-is condition. The 1,792-square-foot building has an 18.67 X 48 footprint on an 18.67 X 100 lot totaling 1,867 square feet. Both residential floors include two bedrooms, a kitchen, and a living room. Interior features include hardwood and tile flooring, six closets, and steam heat.
Built in 1899, the property is located on a tree-lined block in East New York between Atlantic Avenue and Liberty Avenue. The surrounding area includes bars, cafes, supermarkets, lounges, restaurants, and entertainment venues, with access to the A, C, J, and Z trains.
The property is zoned R5B and identified as a two-family B1 building. The listed residential FAR is 1.5, facility FAR is 2, FAR as built is 0.96, and maximum usable floor area is 2,801 square feet.
Built in 1899, the property is located on a tree-lined block in East New York between Atlantic Avenue and Liberty Avenue. The surrounding area includes bars, cafes, supermarkets, lounges, restaurants, and entertainment venues, with access to the A, C, J, and Z trains.
The property is zoned R5B and identified as a two-family B1 building. The listed residential FAR is 1.5, facility FAR is 2, FAR as built is 0.96, and maximum usable floor area is 2,801 square feet.
Key Highlights
- Two‑family brick building delivered vacant and sold as‑is
- 1,792 square feet of interior building area
- 18.67 X 100 lot with 1,867 square feet
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
$46,001
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
5.17%
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%
$920,020
$920.0K
Cap Rate 7%
$657,157
$657.2K
Cap Rate 9%
$511,122
$511.1K
Market Conditions
NOI Build-Up for 1,792 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
$68.8K $38.40/SF
− Vacancy
−$3.1K −$1.73/SF
EGI
$65.7K $36.67/SF
− OpEx
−$19.7K −$11.00/SF
NOI
$46.0K $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%
$920,020
Cap Rate 7%
$657,157
Cap Rate 9%
$511,122
Alternative Uses
Best Use
Multifamily LT 5
$657.2K
$575.0K – $766.7K
NOI $46,001 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$585.1K
$512.0K – $682.7K
NOI $40,960 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$1.10M
$959.4K – $1.28M
NOI $76,754 @ 7.0% cap · market cap 8.62%
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 - Delivered vacant with two residential floors, hardwood and tile finishes, and steam heat.
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 $890,000.
What are key features of this property?
This property features: Two‑family brick building delivered vacant and sold as‑is; 1,792 square feet of interior building area; 18.67 X 100 lot with 1,867 square feet
