Semi-Detached Two-Family Brick
For Sale
$2,200,000
Pending
1918 79th St, Brooklyn, NY 11214
Well-maintained two-family residence with marble finishes, multiple levels, private driveway, and detached garage.
Property Size2,600 SF
Days on Market64
Property Features for 1918 79th St
General Information
Standard status
Pending
Size
2,600 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,741
Building Details
Building Size
2,600 SF
Year Built
1925
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Jun 22
Changed: Aug 17
Last Checked: Aug 24 at 7:18AM
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 semi-detached two-family brick home is move-in ready and designed with three levels plus a finished basement. The property is configured for comfortable living across the first and second floors, with generous natural light, high ceilings, and marble flooring and finishes throughout. Kitchens feature white cabinetry and premium appliances, and the bathrooms include marble work with glass-enclosed showers. Additional usable space is provided by a finished attic for storage, recreation, or a flexible workspace.
A private driveway and detached garage add practical value and daily convenience. The basement includes marble tile flooring and a separate side entrance, along with a large open layout that can support a home office, recreation, fitness, or entertainment use, plus a dedicated laundry area and additional storage. The home is described as being conveniently located near D and N train subway stations, along with shopping, dining, supermarkets, parks, schools, and everyday services.
For buyers seeking a residential income property with strong livability, the layout supports two distinct units while also offering flexible supplemental spaces through the basement and finished attic. Central A/C on separate systems, well-maintained mechanicals, and abundant storage help the home function smoothly for end users and owners alike.
A private driveway and detached garage add practical value and daily convenience. The basement includes marble tile flooring and a separate side entrance, along with a large open layout that can support a home office, recreation, fitness, or entertainment use, plus a dedicated laundry area and additional storage. The home is described as being conveniently located near D and N train subway stations, along with shopping, dining, supermarkets, parks, schools, and everyday services.
For buyers seeking a residential income property with strong livability, the layout supports two distinct units while also offering flexible supplemental spaces through the basement and finished attic. Central A/C on separate systems, well-maintained mechanicals, and abundant storage help the home function smoothly for end users and owners alike.
Key Highlights
- 1925 semi‑detached two‑family brick home on a 30' x 100' lot with a 20' x 65' building size
- Move‑in‑ready layout with three levels plus a finished basement and a finished attic for additional bonus space
- Private driveway plus detached garage with high ceilings
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
$70,914
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
3.22%
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%
$1,418,280
$1.4M
Cap Rate 7%
$1,013,057
$1.0M
Cap Rate 9%
$787,933
$787.9K
Market Conditions
NOI Build-Up for 2,600 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
$106.1K $40.80/SF
− Vacancy
−$4.8K −$1.84/SF
EGI
$101.3K $38.96/SF
− OpEx
−$30.4K −$11.69/SF
NOI
$70.9K $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%
$1,418,280
Cap Rate 7%
$1,013,057
Cap Rate 9%
$787,933
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.4K – $1.18M
NOI $70,914 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$907.9K
$794.4K – $1.06M
NOI $63,555 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,170 @ 7.0% cap · market cap 4.83%
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 - Well-maintained two-family residence with marble finishes, multiple levels, private driveway, and detached garage.
Where is this duplex located?
The property is located at 1918 79th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 1925 semi‑detached two‑family brick home on a 30' x 100' lot with a 20' x 65' building size; Move‑in‑ready layout with three levels plus a finished basement and a finished attic for additional bonus space; Private driveway plus detached garage with high ceilings
