Detached Brick Duplex with
For Sale
$2,650,000
1201 E 10th Street, Brooklyn, NY 11230
Residential, Brooklyn, NY
Property Size2,280 SF
Lot Size0.05 Acres
Price / SF$1,162
Days on Market77
Property Features for 1201 E 10th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 1
Parking features
Garage - Detached
Interior features
A/C Unit, Central Air - Split, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Midwood
Standard status
Active
Size
2,280 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10071
Amenities
sauna
attic storage
Building Details
Year built
1930
Floors in Building
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Listing Agency:
Real Broker NY LLC
(718) 256-4000
Listed By:
Ichok Landau
(718) 269-4598
Added: Jul 17
Changed: Sep 16
Last Checked: Oct 1 at 5:06PM
MLS# 503108
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.
Built in 1930, this detached brick duplex contains 2,280 square feet on a 0.0528-acre lot and is zoned R5. The two-unit layout includes separate living areas, kitchens, bedrooms, dining space, and bathrooms, with hardwood and ceramic flooring throughout. Unit 1 has a front porch, living room, eat-in kitchen, 2 bedrooms, and 1 full bath. Unit 2 includes a living room, formal dining room, eat-in kitchen, 3 bedrooms, and 1 full bath.
Additional space includes a finished basement with its own entrance, 1 extra room, 2.5 baths, and a three-person Cedar sauna. An attic provides storage, while the detached garage accommodates 2 cars. Property features include brick construction, central air with split systems, a new energy-efficient boiler serving heat and hot water, a refrigerator, and a stove. The property is located at 1201 E 10th Street in Brooklyn, NY 11230.
Additional space includes a finished basement with its own entrance, 1 extra room, 2.5 baths, and a three-person Cedar sauna. An attic provides storage, while the detached garage accommodates 2 cars. Property features include brick construction, central air with split systems, a new energy-efficient boiler serving heat and hot water, a refrigerator, and a stove. The property is located at 1201 E 10th Street in Brooklyn, NY 11230.
Key Highlights
- 2,280‑square‑foot detached brick duplex built in 1930
- Two residential units with 2‑bedroom and 3‑bedroom layouts
- Finished basement with separate entrance, 1 extra room, 2.5 baths, and three‑person Cedar sauna
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
$79,849
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
3.01%
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%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 2,280 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
$116.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.1K $50.03/SF
− OpEx
−$34.2K −$15.01/SF
NOI
$79.8K $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 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%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,606 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,149 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,703
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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-unit residential property with finished basement space, separate entry, and detached parking garage.
Where is this duplex located?
The property is located at 1201 E 10th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 2,280‑square‑foot detached brick duplex built in 1930; Two residential units with 2‑bedroom and 3‑bedroom layouts; Finished basement with separate entrance, 1 extra room, 2.5 baths, and three‑person Cedar sauna
