Brick Duplex with
New
For Sale
$1,699,000
114 Avenue N, Brooklyn, NY 11230
Attached two-family residence with finished basement, private driveway, and subway access near Avenue N.
Property Size3,103 SF
Lot Size0.05 Acres
Price / SF$547.53
Days on Market2
Property Features for 114 Avenue N
General Information
Standard status
Active
Size
3,103 SF
Total Parking Spaces
3
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,901
Amenities
hardwood and tile flooring
gas heat and hot water
private driveway
attached garage
fenced front and rear yards
full finished basement
Building Details
Building Size
3,103 SF
Year Built
1960
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Peter Pan · License #10401215383
(917) 708-9966
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 4:15AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This attached brick duplex at 114 Avenue N contains approximately 3,103 square feet on a 21 x 100 lot, with a 21 x 54 building footprint. The property includes 6 bedrooms and 3 full bathrooms arranged across three residential levels, with one bedroom on the first level, two on the second, and three on the upper level. A full finished basement provides additional usable space. Hardwood and tile flooring, gas heat and hot water, a private driveway, attached garage, and fenced front and rear yards are also included.
Parking accommodates up to 3 vehicles. The property is near McDonald Avenue and the Avenue N F train station, with subway service toward Manhattan and Coney Island. The B9 bus operates along Avenue N, while shopping, dining, and everyday services are located throughout Midwood. Built in 1960, the residence also has a bike score of 80, walk score of 79, and transit score of 90.
Parking accommodates up to 3 vehicles. The property is near McDonald Avenue and the Avenue N F train station, with subway service toward Manhattan and Coney Island. The B9 bus operates along Avenue N, while shopping, dining, and everyday services are located throughout Midwood. Built in 1960, the residence also has a bike score of 80, walk score of 79, and transit score of 90.
Key Highlights
- 3,103 square feet on a 21 x 100 lot
- 6 bedrooms and 3 full bathrooms across three levels
- Full finished basement adds additional usable space
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
$108,672
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
6.40%
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%
$2,173,440
$2.2M
Cap Rate 7%
$1,552,457
$1.6M
Cap Rate 9%
$1,207,467
$1.2M
Market Conditions
NOI Build-Up for 3,103 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
$158.3K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.2K $50.03/SF
− OpEx
−$46.6K −$15.01/SF
NOI
$108.7K $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%
$2,173,440
Cap Rate 7%
$1,552,457
Cap Rate 9%
$1,207,467
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,672 @ 7.0% cap · market cap 6.40%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,731 @ 7.0% cap · market cap 5.58%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,850 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,266
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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 - Attached two-family residence with finished basement, private driveway, and subway access near Avenue N.
Where is this duplex located?
The property is located at 114 Avenue N Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 3,103 square feet on a 21 x 100 lot; 6 bedrooms and 3 full bathrooms across three levels; Full finished basement adds additional usable space
