Gravesend Two-Family
For Sale
$1,100,000
1794 W 9th St, Brooklyn, NY 11223
Two-family home near Kings Highway with excellent transit access.
Property Size1,453 SF
Days on Market135
Property Features for 1794 W 9th St
General Information
Standard status
Active
Size
1,453 SF
Property subtype
Multi Family
Building Details
Building Size
1,453 SF
Listing Agency:
Efocus Team Real Estate Inc
Listed By:
Chun Ying (Emily) Chen
(347) 882-1913
Source:
Elliman
Added: Apr 21
Changed: Aug 19
Last Checked: Sep 1 at 10:19PM
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 Efocus Team Real Estate Inc
Investment Insights
Based on property information with market context.
Located in Gravesend near Kings Highway, this two-family home at 1794 West 9th Street is in good condition. The first floor features 3 bedrooms and 1 living room. The second floor includes 2 bedrooms and 1 bathroom. The property is move-in ready and suitable for rental without major renovations. The surrounding area offers convenient access to amenities, including a supermarket, school, and subway. The location is noted for strong value retention and low vacancy rates. It is suitable for owner-occupancy or as an investment property. The property is located minutes from the N line Kings Highway subway station, providing direct access to Canal Street and Times Square in Midtown Manhattan. The location has a bike score of 67, indicating it is bikeable, a walk score of 83, indicating it is very walkable, and a transit score of 88, indicating excellent transit.
Key Highlights
- Excellent Transit Score (88) and proximity to the N line Kings Highway subway station, providing direct access to Midtown Manhattan.
- Move‑in ready condition, suitable for immediate occupancy or rental.
- Strong location with high value retention and low vacancy rates.
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
$50,887
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
4.63%
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%
$1,017,740
$1.0M
Cap Rate 7%
$726,957
$727.0K
Cap Rate 9%
$565,411
$565.4K
Market Conditions
NOI Build-Up for 1,453 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
$74.1K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.7K $50.03/SF
− OpEx
−$21.8K −$15.01/SF
NOI
$50.9K $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%
$1,017,740
Cap Rate 7%
$726,957
Cap Rate 9%
$565,411
Alternative Uses
Best Use
Multifamily LT 5
$727.0K
$636.1K – $848.1K
NOI $50,887 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$633.7K
$554.5K – $739.3K
NOI $44,359 @ 7.0% cap · market cap 4.03%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,216 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 home near Kings Highway with excellent transit access.
Where is this duplex located?
The property is located at 1794 W 9th St 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: Excellent Transit Score (88) and proximity to the N line Kings Highway subway station, providing direct access to Midtown Manhattan.; Move‑in ready condition, suitable for immediate occupancy or rental.; Strong location with high value retention and low vacancy rates.
