Brooklyn Two-Family Brick
For Sale
$1,100,000
Pending
119 Battery Ave, Brooklyn, NY 11209
Two-family brick home in Dyker Height/Bay Ridge, Brooklyn.
Property Size1,959 SF
Lot Size0.06 Acres
Days on Market179
Property Features for 119 Battery Ave
General Information
Standard status
Pending
Size
1,959 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,014
Building Details
Building Size
1,959 SF
Stories
3
Listing Agency:
Momentum Real Estate LLC
Listed By:
Leo Lee
(718) 382-0001
Source:
Elliman
Added: Mar 11
Changed: Sep 2
Last Checked: Sep 5 at 12:05PM
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 Momentum Real Estate LLC
Investment Insights
Based on property information with market context.
This is a two-family attached brick home located near the border of Dyker Height and Bay Ridge in Brooklyn. The ground level is move-in ready and features a living room and dining area, a full-size kitchen with a dishwasher, and a full bath. It also includes a remote-controlled, built-in garage. The second and third floors combine to form a duplex unit, which offers an open-concept kitchen and living area with a center island, a mini refrigerator, and a wet bar sink. A washer, dryer, and dishwasher are included. The third floor contains three bedrooms and 1.5 baths. The lot size is 20x125, providing backyard space, as well as a front and back terrace. The property is located near public transportation, shopping, and schools.
Key Highlights
- Located in a desirable location near public transportation, shopping, and schools.
- Two‑family attached brick home, offering potential rental income or multi‑generational living.
- Duplex unit features a customized kitchen with center island, mini refrigerator, and wet bar.**
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
$68,608
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
6.24%
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%
$1,372,160
$1.4M
Cap Rate 7%
$980,114
$980.1K
Cap Rate 9%
$762,311
$762.3K
Market Conditions
NOI Build-Up for 1,959 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
$99.9K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$98.0K $50.03/SF
− OpEx
−$29.4K −$15.01/SF
NOI
$68.6K $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%
$1,372,160
Cap Rate 7%
$980,114
Cap Rate 9%
$762,311
Alternative Uses
Best Use
Multifamily LT 5
$980.1K
$857.6K – $1.14M
NOI $68,608 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$854.4K
$747.6K – $996.8K
NOI $59,806 @ 7.0% cap · market cap 5.44%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,544 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,433
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick home in Dyker Height/Bay Ridge, Brooklyn.
Where is this duplex located?
The property is located at 119 Battery Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Located in a desirable location near public transportation, shopping, and schools.; Two‑family attached brick home, offering potential rental income or multi‑generational living.; Duplex unit features a customized kitchen with center island, mini refrigerator, and wet bar.**
