Two-Family Brick Home For
For Sale
$899,000
5415 Glenwood Rd, Brooklyn, NY 11234
Two-unit property near amenities, ideal for owners or investors.
Property Size2,394 SF
Days on Market131
Property Features for 5415 Glenwood Rd
General Information
Standard status
Active
Size
2,394 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,860
Building Details
Building Size
2,394 SF
Year Built
1935
Stories
2
Listing Agency:
Kaloshi Real Estate Inc
Listed By:
Javed Iqbal · License #JI2929
(718) 287-5200
Source:
Elliman
Added: Apr 28
Changed: Aug 28
Last Checked: Sep 4 at 1:48PM
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 Kaloshi Real Estate Inc
Investment Insights
Based on property information with market context.
This is a two-family brick home featuring a total of 5 bedrooms and 2.5 bathrooms, complete with a private driveway and rear backyard. The property is suitable for owner-occupants or investors seeking income. It is located near schools, bus transportation, supermarkets, shopping, and neighborhood amenities. The area has strong rental demand with long-term upside. Unit 1 has 3 bedrooms and 1.5 bathrooms with a projected rent of $3,200 per month. Unit 2 has 2 bedrooms and 1 bathroom with a projected rent of $2,500 per month. The bike score is 58, making it bikeable. The walk score is 68, indicating it is somewhat walkable. The transit score is 73, indicating excellent transit.
Key Highlights
- Two‑family brick home ideal for owner‑occupants or investors.
- Projected rental income of $5,700/month ($3,200 + $2,500).
- Features 5 bedrooms and 2.5 bathrooms total.
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
$73,086
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%
$1,461,720
$1.5M
Cap Rate 7%
$1,044,086
$1.0M
Cap Rate 9%
$812,067
$812.1K
Market Conditions
NOI Build-Up for 2,394 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
$135.6K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$132.9K $55.51/SF
− OpEx
−$59.8K −$24.98/SF
NOI
$73.1K $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%
$1,461,720
Cap Rate 7%
$1,044,086
Cap Rate 9%
$812,067
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,842 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$1.04M
$913.6K – $1.22M
NOI $73,086 @ 7.0% cap · market cap 8.13%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,756 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,169
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-unit property near amenities, ideal for owners or investors.
Where is this duplex located?
The property is located at 5415 Glenwood Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family brick home ideal for owner‑occupants or investors.; Projected rental income of $5,700/month ($3,200 + $2,500).; Features 5 bedrooms and 2.5 bathrooms total.
