Two-Family Brick
For Sale
$990,000
119 Amersfort Place, Brooklyn, NY 11210
Residential, Brooklyn, NY
Property Size1,020 SF
Lot Size0.06 Acres
Price / SF$970.59
Days on Market762
Property Features for 119 Amersfort Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Flatbush
Standard status
Active
Size
1,020 SF
Lot size
0.06 Acres
Amenities
hardwood floors
high ceilings
original details
finished basement with separate entrance
backyard
Building Details
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Century 21 Achievers
Listed By:
Curtis Rullow
(718) 758-0600
Added: Aug 9, 2024
Changed: Sep 5
Last Checked: Sep 9 at 12:06PM
MLS# 485175
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 two-family brick duplex at 119 Amersfort Place includes a three-bedroom unit over a two-bedroom unit, along with a finished basement and separate entrance. The property measures 1,020 square feet on a 0.0611-acre lot and includes a backyard with parking for four cars.
Interior details include hardwood flooring, high ceilings, select original features, a refrigerator, and a stove. The roof is asphalt, and the property requires TLC. Located in Brooklyn, NY 11210, the residence offers a defined two-unit configuration with additional basement space.
Interior details include hardwood flooring, high ceilings, select original features, a refrigerator, and a stove. The roof is asphalt, and the property requires TLC. Located in Brooklyn, NY 11210, the residence offers a defined two-unit configuration with additional basement space.
Key Highlights
- Two‑family brick property with 3‑bedroom and 2‑bedroom unit layout
- Finished basement with separate entrance
- 0.0611‑acre lot with backyard
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
$35,722
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
3.61%
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%
$714,440
$714.4K
Cap Rate 7%
$510,314
$510.3K
Cap Rate 9%
$396,911
$396.9K
Market Conditions
NOI Build-Up for 1,020 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
$52.0K $51.00/SF
− Vacancy
−$988 −$0.97/SF
EGI
$51.0K $50.03/SF
− OpEx
−$15.3K −$15.01/SF
NOI
$35.7K $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%
$714,440
Cap Rate 7%
$510,314
Cap Rate 9%
$396,911
Alternative Uses
Best Use
Multifamily LT 5
$510.3K
$446.5K – $595.4K
NOI $35,722 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.0K
NOI $31,140 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$844.6K
$739.0K – $985.3K
NOI $59,119 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,744
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
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 - Three-bedroom and two-bedroom units include a finished basement with its own entrance.
Where is this duplex located?
The property is located at 119 Amersfort Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two‑family brick property with 3‑bedroom and 2‑bedroom unit layout; Finished basement with separate entrance; 0.0611‑acre lot with backyard
