Two-Family Brick House, Prime
For Sale
$1,248,000
Pending
8775 14th Ave, Brooklyn, NY 11228
Two-family brick house in desirable Dyker Park/Bath Beach area.
Property Size2,095 SF
Lot Size0.05 Acres
Days on Market271
Property Features for 8775 14th Ave
General Information
Standard status
Pending
Size
2,095 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,489
Building Details
Building Size
2,095 SF
Year Built
1935
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong · License #10401364256
(718) 612-3088
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 13
Last Checked: Aug 25 at 10:04AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Located in the Bath Beach and Dyker Park area, this two-family solid brick house features three stories above ground and a private driveway. The property includes a patio garden in the front. The first floor features a formal living room, dining room, half bath, and a kitchen. The second floor consists of three bedrooms with closets and a full bath. The walk-in floor has a separate entrance to a one-bedroom apartment, which includes a kitchen, living room, dining room, and a full bath. Both apartments have access to the backyard. The property is conveniently located near the D train, express buses, shopping, restaurants, and schools.
Key Highlights
- Prime Dyker Park/Bath Beach location.
- Two‑family solid brick house with private driveway.
- Move‑in condition and well‑maintained.
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
$73,370
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
5.88%
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%
$1,467,400
$1.5M
Cap Rate 7%
$1,048,143
$1.0M
Cap Rate 9%
$815,222
$815.2K
Market Conditions
NOI Build-Up for 2,095 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
$106.8K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$104.8K $50.03/SF
− OpEx
−$31.4K −$15.01/SF
NOI
$73.4K $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%
$1,467,400
Cap Rate 7%
$1,048,143
Cap Rate 9%
$815,222
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$917.1K – $1.22M
NOI $73,370 @ 7.0% cap · market cap 5.88%
Second Best
Apartment 5plus
$913.7K
$799.5K – $1.07M
NOI $63,958 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$1.73M
$1.52M – $2.02M
NOI $121,426 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 brick house in desirable Dyker Park/Bath Beach area.
Where is this duplex located?
The property is located at 8775 14th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,248,000.
What are key features of this property?
This property features: Prime Dyker Park/Bath Beach location.; Two‑family solid brick house with private driveway.; Move‑in condition and well‑maintained.
