Building Details

Year Built 1925

Listing Agency: RE/MAX Edge

Listed By: Kelly Wu · License #10401268467 Show Phone

Source: Exitrealty

Added: Mar 4, 2025 Changed: Sep 5 Last Checked: Sep 15 at 5:22AM

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Investment Insights

Based on property information with market context.

Located in the heart of Bensonhurst, this versatile 2-family home is currently configured as a spacious single-family residence. The property features 2 stories over a finished basement, offering a comfortable and functional layout. The first and second floors have been combined into a duplex. The second floor includes 3 bedrooms and a full bathroom. The first floor features a well-appointed kitchen, living room, dining area, and a 3/4 bathroom. The finished basement provides additional space, a full bathroom, a laundry room, and a boiler room. Access to the backyard is available from both the first floor and the basement, providing indoor-outdoor flow. A shared driveway leads to a double garage, ensuring ample parking. The building size is 16x46, situated on a 20x100 lot. The property is conveniently located on 18th Ave business district, perfect for shopping, eating out, and grocery. Nearby public transportation includes the B8 and B4 buses, as well as the D and N trains.

Key Highlights

• Spacious single‑family layout converted from a 2‑family home
• Finished basement with full bathroom and laundry room
• 3 bedrooms and full bathroom on the second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,190

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$963,800 $963.8K

Cap Rate 7%

$688,429 $688.4K

Cap Rate 9%

$535,444 $535.4K

Market Conditions

NOI Build-Up for 1,376 SF

Gross rent

$70.2K $51.00/SF

− Vacancy

−$1.3K −$0.97/SF

EGI

$68.8K $50.03/SF

− OpEx

−$20.7K −$15.01/SF

NOI

$48.2K $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%

$963,800

Cap Rate 7%

$688,429

Cap Rate 9%

$535,444

Alternative Uses

Best Use

Multifamily LT 5

$688.4K

$602.4K – $803.2K (±1% cap)

NOI $48,190 @ 7.0% cap · market cap 3.86%

Second Best

Apartment 5plus

$600.1K

$525.1K – $700.1K (±1% cap)

NOI $42,008 @ 7.0% cap · market cap 3.36%

Theoretical Best

Specialty Retail

$1.14M

$996.9K – $1.33M (±1% cap)

NOI $79,753 @ 7.0% cap · market cap 6.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Gym & Fitness Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,120

Businesses Nearby

Explore this area Business Placement

Demographics for 11204, NY

85,885

Population

27,498

Households

3.1

Avg Household Size

34

Median Age

30%

College-Educated

74%

High-School Grad

1.6 sq mi

ZIP Area

53,678

Density / Sq Mi

$67,588

Median Household Income

$33,461

Median Earnings

$1,751

Median Rent

$1,097,200

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Versatile two-family home configured as a spacious single-family residence.

Where is this duplex located?

The property is located at 1858 73rd Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Spacious single‑family layout converted from a 2‑family home; Finished basement with full bathroom and laundry room; 3 bedrooms and full bathroom on the second floor