Brick Duplex with Central
For Sale
$1,425,000
1230 E 73rd Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size3,600 SF
Lot Size0.05 Acres
Price / SF$395.83
Days on Market130
Property Features for 1230 E 73rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
7
Bathrooms
6
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bathroom 5, Bedroom 2, Bedroom 7, Bedroom 6, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 3, Bathroom 6
Patio and Porch features
Porch
Interior features
Central Air - Split, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Porch, Stove, Terrace, Washer
Basement
Finished
Subdivision
Georgetown
Standard status
Active
Size
3,600 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8442
Amenities
private backyard
balcony
Building Details
Year built
1970
Floors in Building
3
Number of units
2
Flooring type
Carpet, Laminate, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Joanna Pizzolorusso
(718) 763-4110
Added: Apr 6
Changed: Aug 3
Last Checked: Aug 13 at 12:06PM
MLS# 500249
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.
This brick duplex offers a two-family layout with newly renovated kitchens and bathrooms throughout. The owner’s apartment features three bedrooms and three baths, along with a finished basement that provides access to a private backyard for entertaining. The top-floor apartment is also renovated, offering three bedrooms and two baths, plus a balcony for outdoor relaxation.
Additional interior features include split central air, a laundry area, and a porch, terrace, and flat roof. The home was built in 1970 and sits on a 0.0482-acre lot with 3,600 square feet of total property size.
The property is described as conveniently located near schools, shopping, and transportation, with zoning designated R5.
Additional interior features include split central air, a laundry area, and a porch, terrace, and flat roof. The home was built in 1970 and sits on a 0.0482-acre lot with 3,600 square feet of total property size.
The property is described as conveniently located near schools, shopping, and transportation, with zoning designated R5.
Key Highlights
- R5 zoning duplex on a 0.0482‑acre lot
- 3,600 sq ft two‑family brick home built in 1970
- Newly renovated kitchens and bathrooms throughout
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
$126,078
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
8.85%
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%
$2,521,560
$2.5M
Cap Rate 7%
$1,801,114
$1.8M
Cap Rate 9%
$1,400,867
$1.4M
Market Conditions
NOI Build-Up for 3,600 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
$183.6K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$180.1K $50.03/SF
− OpEx
−$54.0K −$15.01/SF
NOI
$126.1K $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%
$2,521,560
Cap Rate 7%
$1,801,114
Cap Rate 9%
$1,400,867
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,078 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 14.64%
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
1,369
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 - Two-family duplex with newly renovated kitchens and bathrooms, split central air, and R5 zoning in Bergen Beach/Georgetown.
Where is this duplex located?
The property is located at 1230 E 73rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: R5 zoning duplex on a 0.0482‑acre lot; 3,600 sq ft two‑family brick home built in 1970; Newly renovated kitchens and bathrooms throughout
