All-Brick Duplex with Finished
For Sale
$1,100,000
1235 E 72nd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size3,191 SF
Lot Size0.05 Acres
Price / SF$344.72
Days on Market21
Property Features for 1235 E 72nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 2
Parking features
Garage - Attached
Patio and Porch features
Patio
Interior features
A/C Unit - Wall, Garage Door Opener(s), Patio Garden, Refrigerator, Stove
Subdivision
Georgetown
Standard status
Active
Size
3,191 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9180
Amenities
garage
private driveway
backyard
finished basement
Building Details
Year built
1970
Floors in Building
3
Number of units
3
Flooring type
Carpet, Parquet Wood
Building materials
Brick
Roof type
Shingle
Architectural style
Other
Listing Agency:
Talk of the Town Realty Corp.
Listed By:
Eduard Atashkaryan
(718) 251-7400
Added: Aug 18
Changed: Sep 5
Last Checked: Sep 7 at 12:06PM
MLS# 503898
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 1970 brick duplex in Brooklyn provides 3,191 square feet of residential space with five bedrooms and three bathrooms. The layout includes a finished basement, patio, attached garage, private driveway, and separate metering. Interior features include wall-mounted A/C units, a refrigerator, stove, garage door openers, carpet, and parquet wood flooring.
The property occupies 0.0482 acres and is located near shopping, restaurants, schools, public transportation, and everyday amenities. R5 zoning applies. The home also includes a shingle roof and backyard space.
The property occupies 0.0482 acres and is located near shopping, restaurants, schools, public transportation, and everyday amenities. R5 zoning applies. The home also includes a shingle roof and backyard space.
Key Highlights
- 5‑bedroom, 3‑bathroom duplex with 3,191 square feet
- Finished basement adds usable residential space
- All‑brick construction with a shingle roof; built in 1970
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
$97,418
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
8.86%
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%
$1,948,360
$1.9M
Cap Rate 7%
$1,391,686
$1.4M
Cap Rate 9%
$1,082,422
$1.1M
Market Conditions
NOI Build-Up for 3,191 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
$180.7K $56.64/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$177.1K $55.51/SF
− OpEx
−$79.7K −$24.98/SF
NOI
$97.4K $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%
$1,948,360
Cap Rate 7%
$1,391,686
Cap Rate 9%
$1,082,422
Alternative Uses
Best Use
Multifamily LT 5
$1.60M
$1.40M – $1.86M
NOI $111,754 @ 7.0% cap · market cap 10.16%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,418 @ 7.0% cap · market cap 8.86%
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,950 @ 7.0% cap · market cap 16.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 - Brick duplex with a finished basement, attached garage, private driveway, patio, and separate metering.
Where is this duplex located?
The property is located at 1235 E 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5‑bedroom, 3‑bathroom duplex with 3,191 square feet; Finished basement adds usable residential space; All‑brick construction with a shingle roof; built in 1970
