Brooklyn Two-Family House with
For Sale
$675,000
Pending
1115 E 102nd St, Brooklyn, NY 11236
Two-family house with porch, driveway, and backyard in Brooklyn.
Property Size1,612 SF
Lot Size0.06 Acres
Days on Market270
Property Features for 1115 E 102nd St
General Information
Standard status
Pending
Size
1,612 SF
Lot size
0.06 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$5,261
Building Details
Building Size
1,612 SF
Year Built
1955
Units
2
Listing Agency:
ABC REAL ESTATE SERVICES INC
(917) 541-4781
Listed By:
Dylan Williams
(917) 541-4781
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 24 at 9:56AM
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 ABC REAL ESTATE SERVICES INC
Investment Insights
Based on property information with market context.
This semi-detached two-family house features a porch, private driveway, and backyard. The property includes two apartments, each with 2 bedrooms and 1 bath. Each apartment has separate boilers and water heaters. The house will be delivered vacant. The property is being sold in AS-IS condition. Interior features include a combined living room and dining room. Additional features include a separate hot water heater.
Key Highlights
- Delivered Vacant: Ready for immediate occupancy or rental.
- Two‑Family House: Great for rental income or multi‑generational living.
- Private Driveway: Enjoy convenient off‑street parking.
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
$56,455
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
8.36%
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%
$1,129,100
$1.1M
Cap Rate 7%
$806,500
$806.5K
Cap Rate 9%
$627,278
$627.3K
Market Conditions
NOI Build-Up for 1,612 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
$82.2K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$80.6K $50.03/SF
− OpEx
−$24.2K −$15.01/SF
NOI
$56.5K $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%
$1,129,100
Cap Rate 7%
$806,500
Cap Rate 9%
$627,278
Alternative Uses
Best Use
Multifamily LT 5
$806.5K
$705.7K – $940.9K
NOI $56,455 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$703.0K
$615.2K – $820.2K
NOI $49,213 @ 7.0% cap · market cap 7.29%
Theoretical Best
Specialty Retail
$1.33M
$1.17M – $1.56M
NOI $93,432 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - Two-family house with porch, driveway, and backyard in Brooklyn.
Where is this duplex located?
The property is located at 1115 E 102nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Delivered Vacant: Ready for immediate occupancy or rental.; Two‑Family House: Great for rental income or multi‑generational living.; Private Driveway: Enjoy convenient off‑street parking.
