Bergen Beach Two-Family Brick
For Sale
$1,168,000
Pending
2136 E 69th St, Brooklyn, NY 11234
Two-family brick home in Bergen Beach with garage and driveway.
Property Size3,097 SF
Lot Size0.07 Acres
Days on Market148
Property Features for 2136 E 69th St
General Information
Standard status
Pending
Size
3,097 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,535
Building Details
Building Size
3,097 SF
Year Built
1975
Stories
2
Listing Agency:
Jadestone Development Realty
Listed By:
Ke Xu
(718) 676-6606
Source:
Elliman
Added: Apr 15
Changed: Aug 24
Last Checked: Sep 8 at 4:18AM
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 Jadestone Development Realty
Investment Insights
Based on property information with market context.
Located in the heart of Bergen Beach, this semi-detached two-family brick home features a six-room over six-room layout across two levels. The building measures 21x60 feet on a 30x100 foot lot. It includes a built-in garage and a private driveway for additional parking. Conveniently located near the B3, B47, and B100 bus routes, commuting is made easy, and a shopping mall is nearby. This property is suitable for investors seeking a turnkey asset or homeowners desiring space and rental income. The house requires updates and is being sold in "as is" condition. The bike score is 66, indicating it is bikeable. The walk score is 84, indicating it is very walkable. The transit score is 80, indicating excellent transit options.
Key Highlights
- Two‑family brick home, ideal for investors or homeowners seeking rental income.
- Convenient Bergen Beach location with excellent transit (Transit Score: 80) and walkability (Walk Score: 84).
- Includes a built‑in garage and private driveway.
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
$44,127
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
3.78%
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%
$882,540
$882.5K
Cap Rate 7%
$630,386
$630.4K
Cap Rate 9%
$490,300
$490.3K
Market Conditions
NOI Build-Up for 1,260 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
$64.3K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$63.0K $50.03/SF
− OpEx
−$18.9K −$15.01/SF
NOI
$44.1K $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%
$882,540
Cap Rate 7%
$630,386
Cap Rate 9%
$490,300
Alternative Uses
Best Use
Multifamily LT 5
$630.4K
$551.6K – $735.5K
NOI $44,127 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$549.5K
$480.8K – $641.1K
NOI $38,466 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$1.04M
$912.9K – $1.22M
NOI $73,030 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,202
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 brick home in Bergen Beach with garage and driveway.
Where is this duplex located?
The property is located at 2136 E 69th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,168,000.
What are key features of this property?
This property features: Two‑family brick home, ideal for investors or homeowners seeking rental income.; Convenient Bergen Beach location with excellent transit (Transit Score: 80) and walkability (Walk Score: 84).; Includes a built‑in garage and private driveway.
