Renovated Two-Family Semi-Detached
For Sale
$1,699,000
8729 14th Ave, Brooklyn, NY 11228
Move-in-ready two-family residence with private parking, outdoor space, and split-system A/C, steps from transit near Dyker Beach Golf Course.
Property Size2,116 SF
Days on Market69
Property Features for 8729 14th Ave
General Information
Standard status
Active
Size
2,116 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,084
Building Details
Building Size
2,116 SF
Year Built
1950
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Jun 17
Changed: Aug 12
Last Checked: Aug 24 at 6:18AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This move-in-ready two-family semi-detached home was renovated a few years ago and maintained with care. The property includes a private driveway and a garage for convenient parking, along with a backyard designed for everyday enjoyment and entertaining. Outdoor features include a gas-connected barbecue area and a waterproof awning, plus front and rear balconies that extend usable outdoor living space. Inside, the first floor offers a bright living room, two bedrooms, a kitchen, and access to the backyard. The second floor features an open-concept living area with elegant marble finishes, a modern kitchen with quality countertops, three split-system A/C units, two generously sized bedrooms, and an updated bathroom.
Located across from Dyker Beach Golf Course, the home benefits from an established setting and golf course views. The area is described as convenient to PS 229 and everyday needs including shopping, supermarkets, restaurants, bakeries, banks, and public transportation.
For buyers seeking a comfortable, updated two-family configuration, the layout provides separate living spaces over two levels with dedicated indoor and outdoor areas. With private parking, outdoor amenities, and split-system heating and cooling on the upper floor, the home is well suited for owner-occupants or buyers looking for a residential income property with modern finishes.
Located across from Dyker Beach Golf Course, the home benefits from an established setting and golf course views. The area is described as convenient to PS 229 and everyday needs including shopping, supermarkets, restaurants, bakeries, banks, and public transportation.
For buyers seeking a comfortable, updated two-family configuration, the layout provides separate living spaces over two levels with dedicated indoor and outdoor areas. With private parking, outdoor amenities, and split-system heating and cooling on the upper floor, the home is well suited for owner-occupants or buyers looking for a residential income property with modern finishes.
Key Highlights
- Two‑family semi‑detached home built in 1950, set on a 26' x 97' lot with a 23' x 46' building
- Private driveway and garage provide off‑street parking
- Renovated and move‑in‑ready, with bright first‑floor layout and access to a well‑kept backyard
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
$74,106
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
4.36%
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%
$1,482,120
$1.5M
Cap Rate 7%
$1,058,657
$1.1M
Cap Rate 9%
$823,400
$823.4K
Market Conditions
NOI Build-Up for 2,116 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
$107.9K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$105.9K $50.03/SF
− OpEx
−$31.8K −$15.01/SF
NOI
$74.1K $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%
$1,482,120
Cap Rate 7%
$1,058,657
Cap Rate 9%
$823,400
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.3K – $1.24M
NOI $74,106 @ 7.0% cap · market cap 4.36%
Second Best
Apartment 5plus
$922.8K
$807.5K – $1.08M
NOI $64,599 @ 7.0% cap · market cap 3.80%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,643 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - Move-in-ready two-family residence with private parking, outdoor space, and split-system A/C, steps from transit near Dyker Beach Golf Course.
Where is this duplex located?
The property is located at 8729 14th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two‑family semi‑detached home built in 1950, set on a 26' x 97' lot with a 23' x 46' building; Private driveway and garage provide off‑street parking; Renovated and move‑in‑ready, with bright first‑floor layout and access to a well‑kept backyard
