Brick Duplex with Finished
New
For Sale
$999,000
1159 80th Street, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size1,276 SF
Lot Size0.04 Acres
Price / SF$782.92
Days on Market7
Property Features for 1159 80th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1
Interior features
Central Air - Split, Dryer, Refrigerator, Washer
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
1,276 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8292
Building Details
Year built
1915
Flooring type
Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Dao Bo (Paul) Lin · License #DL5775
(917) 816-2989
Added: Sep 16
Last Checked: Sep 22 at 12:06AM
MLS# 504597
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 1,276-square-foot brick duplex was built in 1915 on a 0.0413-acre lot and carries R4-1 zoning. Interior features include hardwood flooring, split-system central air, a refrigerator, washer, and dryer. The finished basement includes a full bathroom and its own entrance, adding useful flexibility to the layout.
A community driveway provides access to a detached garage. The property is located in Brooklyn, near shopping, restaurants, schools, parks, and public transportation. The roof is flat, and the home includes three bedrooms and two bathrooms.
A community driveway provides access to a detached garage. The property is located in Brooklyn, near shopping, restaurants, schools, parks, and public transportation. The roof is flat, and the home includes three bedrooms and two bathrooms.
Key Highlights
- 1,276‑square‑foot duplex on a 0.0413‑acre lot
- R4‑1 zoning in Brooklyn, NY
- Finished basement with full bathroom and separate entrance
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
$44,688
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
4.47%
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%
$893,760
$893.8K
Cap Rate 7%
$638,400
$638.4K
Cap Rate 9%
$496,533
$496.5K
Market Conditions
NOI Build-Up for 1,276 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
$65.1K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$63.8K $50.03/SF
− OpEx
−$19.2K −$15.01/SF
NOI
$44.7K $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%
$893,760
Cap Rate 7%
$638,400
Cap Rate 9%
$496,533
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,688 @ 7.0% cap · market cap 4.47%
Second Best
Apartment 5plus
$556.5K
$486.9K – $649.3K
NOI $38,955 @ 7.0% cap · market cap 3.90%
Theoretical Best
Specialty Retail
$1.06M
$924.5K – $1.23M
NOI $73,957 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,469
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick residential property with hardwood flooring, split-system central air, and a finished basement with a separate entrance.
Where is this duplex located?
The property is located at 1159 80th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 1,276‑square‑foot duplex on a 0.0413‑acre lot; R4‑1 zoning in Brooklyn, NY; Finished basement with full bathroom and separate entrance
