Two-Unit Brick Duplex with
1166 72nd Street, Brooklyn, NY 11228
For Sale
New
$1,975,000
Residential, Brooklyn, NY
Property Size2,050 SF
Lot Size0.05 Acres
Price / SF$963.41
Days on Market2
Property Features for 1166 72nd Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
family room
laundry area
backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License NY HTL8672
(917) 708-9966
Added: Nov 10
Last Checked: Nov 11 at 2:06AM
MLS# 505953
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.
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Investment Insights
Based on property information with market context.
This brick, two-family duplex contains 2,050 square feet, with a 20-by-53-foot building on a 20-by-100-foot lot. The first-floor apartment has two bedrooms, a full bathroom, and hardwood flooring; the upper apartment has three bedrooms. Separate heating systems and hot-water boilers serve the apartments. A finished basement adds a family room, laundry area, and three-quarter bathroom, with a rear entrance to the yard. Recent work includes front-yard pavers and a water heater replacement.
The property is in Brooklyn’s Dyker Heights neighborhood, near shopping, restaurants, parks, schools, and public transportation. Rear parking for 2–3 vehicles is accessed by a shared community driveway. The property is zoned R5B.
The property is in Brooklyn’s Dyker Heights neighborhood, near shopping, restaurants, parks, schools, and public transportation. Rear parking for 2–3 vehicles is accessed by a shared community driveway. The property is zoned R5B.
Key Highlights
- 2,050 square feet in a brick, two‑family building
- Two‑bedroom first‑floor apartment and three‑bedroom upper apartment
- Separate heating system and hot‑water boiler for each apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,794
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,435,880
$1.4M
Cap Rate 7%
$1,025,629
$1.0M
Cap Rate 9%
$797,711
$797.7K
Market Conditions
NOI Build-Up for 2,050 SF
Gross rent
$104.6K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$102.6K $50.03/SF
− OpEx
−$30.8K −$15.01/SF
NOI
$71.8K $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 Rate 5%
$1,435,880
Cap Rate 7%
$1,025,629
Cap Rate 9%
$797,711
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$897.4K – $1.20M
NOI $71,794 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$894.1K
$782.3K – $1.04M
NOI $62,584 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 6.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,846
Businesses Nearby
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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
$1,131,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each apartment has independent heating and hot-water equipment, and the finished basement includes laundry and recreation space.
Where is this duplex located?
The property is located at 1166 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,975,000.
What are key features of this property?
This property features: 2,050 square feet in a brick, two‑family building; Two‑bedroom first‑floor apartment and three‑bedroom upper apartment; Separate heating system and hot‑water boiler for each apartment
