Spacious Bensonhurst Two-Family
For Sale
$1,498,880
1934 79th St, Brooklyn, NY 11214
Two-family home in Bensonhurst with flexible living spaces and backyard.
Property Size1,959 SF
Lot Size0.07 Acres
Days on Market104
Property Features for 1934 79th St
General Information
Standard status
Active
Size
1,959 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,496
Building Details
Building Size
1,959 SF
Year Built
1915
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Ping Chen
(718) 612-3088
Source:
Elliman
Added: May 15
Changed: Aug 12
Last Checked: Aug 25 at 7:30AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Located in the heart of Bensonhurst, this fully detached two-family home sits on a 30x100 lot. The property offers flexibility for various living arrangements. The first floor features a foyer leading to a renovated eat-in kitchen with granite countertops, a living room, a bedroom, and a full bath, with backyard access. The open-layout basement includes a laundry area, a half bath, and interior and backyard access, suitable for a family room or home gym. The second floor offers two bedrooms, a full bath, an eat-in kitchen, and a private balcony. The third floor provides two additional rooms, a full bath, and extra space adaptable for a home office or studio. The property includes a landscaped backyard. The location is near the shops, restaurants, and transportation options of 86th Street. The bike score is 56, indicating bikeable conditions. The walk score is 96, designating it as a walker's paradise, and the transit score is 84, indicating excellent transit options.
Key Highlights
- Excellent Location: Walker's Paradise (walkScore 96) and Excellent Transit (transitScore 84), moments from 86th Street shops and restaurants.
- Detached Two‑Family Home: Offers flexibility for living and investment on a 30x100 lot.
- Multiple Living Spaces: Includes a renovated eat‑in kitchen with granite countertops, bright living room, spacious bedrooms, and a private balcony.
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
$53,431
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
3.56%
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%
$1,068,620
$1.1M
Cap Rate 7%
$763,300
$763.3K
Cap Rate 9%
$593,678
$593.7K
Market Conditions
NOI Build-Up for 1,959 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
$79.9K $40.80/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$76.3K $38.96/SF
− OpEx
−$22.9K −$11.69/SF
NOI
$53.4K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,068,620
Cap Rate 7%
$763,300
Cap Rate 9%
$593,678
Alternative Uses
Best Use
Multifamily LT 5
$763.3K
$667.9K – $890.5K
NOI $53,431 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$684.1K
$598.6K – $798.1K
NOI $47,887 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.14M
$999.9K – $1.33M
NOI $79,995 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 in Bensonhurst with flexible living spaces and backyard.
Where is this duplex located?
The property is located at 1934 79th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,498,880.
What are key features of this property?
This property features: Excellent Location: Walker's Paradise (walkScore 96) and Excellent Transit (transitScore 84), moments from 86th Street shops and restaurants.; Detached Two‑Family Home: Offers flexibility for living and investment on a 30x100 lot.; Multiple Living Spaces: Includes a renovated eat‑in kitchen with granite countertops, bright living room, spacious bedrooms, and a private balcony.
