Spacious Brick Duplex in
For Sale
$825,000
Pending
637 SARATOGA Ave, Brooklyn, NY 11212
Two-family brick duplex in a desirable Brooklyn neighborhood.
Property Size2,196 SF
Lot Size0.06 Acres
Days on Market286
Property Features for 637 SARATOGA Ave
General Information
Standard status
Pending
Size
2,196 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,772
Building Details
Building Size
2,196 SF
Units
2
Listed By:
Budhram Ramkissoon
(646) 842-1110
Source:
Elliman
Added: Nov 27, 2025
Changed: Sep 3
Last Checked: Sep 8 at 8:32AM
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 Budhram Ramkissoon
Investment Insights
Based on property information with market context.
This spacious two-family brick duplex is located in a desirable Brooklyn neighborhood. The property is situated close to the #3 and #4 trains. The duplex features four bedrooms and two bathrooms. The solid brick exterior and prime location in a desirable area add significant value to this property, making it a great long-term investment. This property presents a fantastic opportunity for those who want to personalize it for their own use or as an investment.
Key Highlights
- Spacious 4‑bedroom, 2‑bath duplex.
- Located in a desirable neighborhood.
- Close proximity to the #3 and #4 trains.
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
$67,042
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
8.13%
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%
$1,340,840
$1.3M
Cap Rate 7%
$957,743
$957.7K
Cap Rate 9%
$744,911
$744.9K
Market Conditions
NOI Build-Up for 2,196 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
$124.4K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$121.9K $55.51/SF
− OpEx
−$54.9K −$24.98/SF
NOI
$67.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,340,840
Cap Rate 7%
$957,743
Cap Rate 9%
$744,911
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$961.4K – $1.28M
NOI $76,908 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$957.7K
$838.0K – $1.12M
NOI $67,042 @ 7.0% cap · market cap 8.13%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,280 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick duplex in a desirable Brooklyn neighborhood.
Where is this duplex located?
The property is located at 637 SARATOGA Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Spacious 4‑bedroom, 2‑bath duplex.; Located in a desirable neighborhood.; Close proximity to the #3 and #4 trains.
