Two-Family Semi-Attached
1232 74th Street Brooklyn, NY 11228
1232 74th Street, Brooklyn, NY, 11228
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For Sale
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Well-maintained two-bedroom-over-two-bedroom duplex with a finished basement and shared driveway.
Property Size2,400 SF
Price / SF$624.58
Days on Market98
Property Features for 1232 74th Street
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1920
Listing agency
Century 21 Standard Real Estate
Listed by
Crystal Lia · License #10401381279
Source
Crexi
Added: Apr 16 Updated: Jul 20 at 5:56PM Checked: Jul 21 at 6:42AM
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 Century 21 Standard Real Estate
Investment Insights
Based on property information with market context.
This well-maintained two-family semi-attached brick home offers two separate 2-bedroom apartments, configured as a 2-bedroom unit over another 2-bedroom unit. A finished basement adds additional living space with room for potential expansion. Each unit is served by its own boiler.
The home includes a shared driveway and a 2-car garage, and it has a newer roof. The property is tenant occupied, and showings are available by appointment only.
Additional updates include the newer roof, supporting lower near-term maintenance needs while providing flexibility for an owner-occupied setup with rental income.
The home includes a shared driveway and a 2-car garage, and it has a newer roof. The property is tenant occupied, and showings are available by appointment only.
Additional updates include the newer roof, supporting lower near-term maintenance needs while providing flexibility for an owner-occupied setup with rental income.
Key Highlights
- Two‑family semi‑attached brick home in Dyker Heights, Brooklyn (2‑bedroom over 2‑bedroom)
- Finished basement adds additional living space with potential for expansion
- Shared driveway plus 2‑car garage
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 5.61%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-bedroom-over-two-bedroom duplex with a finished basement and shared driveway.
Where is this duplex located?
The property is located at 1232 74th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Two‑family semi‑attached brick home in Dyker Heights, Brooklyn (2‑bedroom over 2‑bedroom); Finished basement adds additional living space with potential for expansion; Shared driveway plus 2‑car garage
