Detached Two-Family with Private
For Sale
$1,425,000
Pending
510 Avenue C, Brooklyn, NY 11219
Detached two-family on a private drive with full basements and flexible two-bedroom layouts for tenant occupancy or income.
Property Size2,800 SF
Days on Market91
Property Features for 510 Avenue C
General Information
Standard status
Pending
Size
2,800 SF
Property subtype
Multi Family
Zoning
R5
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,557
Building Details
Building Size
2,800 SF
Year Built
1925
Stories
3
Listing Agency:
Ben Bay Realty Co
(718) 238-6080
Listed By:
Anthony Mussolino
(718) 238-6080
Source:
Elliman
Added: Jun 3
Changed: Aug 31
Last Checked: Aug 31 at 7:17PM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This fully detached two-family home sits on a 30’ x 100’ lot and features a brick-faced exterior with vinyl siding. Each floor has the ability to function as a two-bedroom apartment, and the property also includes a full basement. The home offers a private drive and a large yard, with the structure built in 1925.
The listing notes an R5 zoning designation and states the property is minutes to Ocean Parkway. The sale is described as including tenants, and there is no interior access available for showings. Prospective buyers should plan accordingly for viewing and due diligence based on that access limitation.
For investors and cash buyers, the opportunity is positioned as a tenant-occupied sale with no possession at closing. The current configuration supports residential income use with two-bed potential on each level, while the basement adds additional utility for storage or functional space depending on how the tenant setup is managed. Because interior access is restricted, buyers will want to rely on available information and any permitted exterior or non-intrusive inspections during the process.
The listing notes an R5 zoning designation and states the property is minutes to Ocean Parkway. The sale is described as including tenants, and there is no interior access available for showings. Prospective buyers should plan accordingly for viewing and due diligence based on that access limitation.
For investors and cash buyers, the opportunity is positioned as a tenant-occupied sale with no possession at closing. The current configuration supports residential income use with two-bed potential on each level, while the basement adds additional utility for storage or functional space depending on how the tenant setup is managed. Because interior access is restricted, buyers will want to rely on available information and any permitted exterior or non-intrusive inspections during the process.
Key Highlights
- Detached two‑family on a private drive, on a 30' x 100' lot (House size 20' x 50'), built in 1925
- Both floors have flexible layouts with the ability to be 2‑bedroom apartments
- Each unit has access to a full basement
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
$80,862
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
5.67%
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%
$1,617,240
$1.6M
Cap Rate 7%
$1,155,171
$1.2M
Cap Rate 9%
$898,467
$898.5K
Market Conditions
NOI Build-Up for 2,800 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
$121.0K $43.20/SF
− Vacancy
−$5.4K −$1.94/SF
EGI
$115.5K $41.26/SF
− OpEx
−$34.7K −$12.38/SF
NOI
$80.9K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,617,240
Cap Rate 7%
$1,155,171
Cap Rate 9%
$898,467
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,862 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$1.04M
$907.3K – $1.21M
NOI $72,586 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,062 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,012
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
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 - Detached two-family on a private drive with full basements and flexible two-bedroom layouts for tenant occupancy or income.
Where is this duplex located?
The property is located at 510 Avenue C Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Detached two‑family on a private drive, on a 30' x 100' lot (House size 20' x 50'), built in 1925; Both floors have flexible layouts with the ability to be 2‑bedroom apartments; Each unit has access to a full basement
