Duplex Brick Home with
For Sale
$1,348,000
2072 E 68th Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size1,160 SF
Lot Size0.05 Acres
Price / SF$1,162
Days on Market503
Property Features for 2072 E 68th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Garage - Attached
Interior features
A/C Unit - Wall, Dishwasher, Garage Door Opener(s), Refrigerator, Stove, Terrace
Subdivision
Bergen Beach
Standard status
Active
Size
1,160 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8488
Amenities
hardwood floors
granite counter tops
stainless steel appliances
balcony
Building Details
Year built
1960
Floors in Building
3
Number of units
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Maximillion Realty, Inc.
(718) 376-9300
Listed By:
Alla Veksler
(718) 376-9300
Added: Apr 14, 2025
Changed: Aug 3
Last Checked: Aug 29 at 11:06PM
MLS# 490862
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.
Duplex brick home built in 1960 on a 0.0459-acre lot, offering a three-level layout with separate residential spaces. The third floor has a renovated three-bedroom, one-bath apartment with an eat-in kitchen featuring a large window, granite countertops, and stainless steel appliances, along with hardwood floors throughout and a modern bathroom with a stand-up shower. The second floor offers a two-bedroom, one-bath arrangement with large windows, hardwood floors, an eat-in kitchen, and a large balcony. The entry level includes a large space with access to the backyard.
The home includes wall A/C and interior amenities such as a dishwasher, refrigerator, and stove. Parking features an attached garage, with driveway access and a garage door opener.
Located at 2072 E 68th Street in Brooklyn, NY 11234, the property is on a tree-lined block with proximity to schools, large shopping centers, pharmacies, and restaurants.
The home includes wall A/C and interior amenities such as a dishwasher, refrigerator, and stove. Parking features an attached garage, with driveway access and a garage door opener.
Located at 2072 E 68th Street in Brooklyn, NY 11234, the property is on a tree-lined block with proximity to schools, large shopping centers, pharmacies, and restaurants.
Key Highlights
- 0.0459‑acre lot with a three‑level duplex layout
- Renovated third‑floor three‑bedroom, one‑bath apartment with eat‑in kitchen
- Second‑floor two‑bedroom, one‑bath with large balcony and hardwood floors
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
$40,625
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%
$812,500
$812.5K
Cap Rate 7%
$580,357
$580.4K
Cap Rate 9%
$451,389
$451.4K
Market Conditions
NOI Build-Up for 1,160 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
$59.2K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$58.0K $50.03/SF
− OpEx
−$17.4K −$15.01/SF
NOI
$40.6K $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%
$812,500
Cap Rate 7%
$580,357
Cap Rate 9%
$451,389
Alternative Uses
Best Use
Multifamily LT 5
$580.4K
$507.8K – $677.1K
NOI $40,625 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$505.9K
$442.7K – $590.2K
NOI $35,414 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$960.5K
$840.4K – $1.12M
NOI $67,234 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,513
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Three-level duplex with renovated third-floor three-bedroom unit, two-bedroom unit on the second floor, and attached garage.
Where is this duplex located?
The property is located at 2072 E 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,348,000.
What are key features of this property?
This property features: 0.0459‑acre lot with a three‑level duplex layout; Renovated third‑floor three‑bedroom, one‑bath apartment with eat‑in kitchen; Second‑floor two‑bedroom, one‑bath with large balcony and hardwood floors
