Brick Two-Family
For Sale
$1,550,000
74 73rd Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size3,234 SF
Lot Size0.05 Acres
Price / SF$479.28
Days on Market717
Property Features for 74 73rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 2
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bay Ridge
Standard status
Active
Size
3,234 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12357
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Pavlina Tsokos
(718) 680-6442
Added: Sep 26, 2024
Changed: Sep 5
Last Checked: Sep 12 at 2:06PM
MLS# 486316
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 two-family duplex is a solid brick residence built in 1925, offering 3,234 square feet across two stories. The property includes an unfinished basement with its own front entrance and access to the backyard, along with a garage, hardwood and tile flooring, a refrigerator, and a stove. A balcony adds outdoor space, while the interior layout includes five listed bedrooms and two listed bathrooms.
The home occupies a 0.0505-acre lot measuring 22 by 100 feet, with the building measuring 22 by 62 feet. It is zoned R3-2 and will be delivered vacant at closing. The property is located at 74 73rd Street in Brooklyn, NY 11209.
The home occupies a 0.0505-acre lot measuring 22 by 100 feet, with the building measuring 22 by 62 feet. It is zoned R3-2 and will be delivered vacant at closing. The property is located at 74 73rd Street in Brooklyn, NY 11209.
Key Highlights
- Two‑family brick residence built in 1925
- 3,234 square feet on a 0.0505‑acre lot
- Two‑story layout with an unfinished basement
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
$113,260
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
7.31%
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%
$2,265,200
$2.3M
Cap Rate 7%
$1,618,000
$1.6M
Cap Rate 9%
$1,258,444
$1.3M
Market Conditions
NOI Build-Up for 3,234 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
$164.9K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$161.8K $50.03/SF
− OpEx
−$48.5K −$15.01/SF
NOI
$113.3K $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%
$2,265,200
Cap Rate 7%
$1,618,000
Cap Rate 9%
$1,258,444
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,260 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.65M
NOI $98,731 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,443 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story residential income property with an unfinished basement, garage, hardwood and tile flooring, and a separate basement entrance.
Where is this duplex located?
The property is located at 74 73rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two‑family brick residence built in 1925; 3,234 square feet on a 0.0505‑acre lot; Two‑story layout with an unfinished basement
