Oversized Brick Two-Family
For Sale
$1,650,000
1773 Dahill Rd, Brooklyn, NY 11223
Oversized 3-story two-family brick residence with private driveway, built-in garage, and walk-in basement with guest rooms.
Property Size3,660 SF
Days on Market44
Property Features for 1773 Dahill Rd
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,040
Building Details
Building Size
3,660 SF
Year Built
1935
Stories
3
Listing Agency:
REMAX EDGE
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Source:
Elliman
Added: Jul 14
Changed: Aug 11
Last Checked: Aug 25 at 8:52AM
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 REMAX EDGE
Investment Insights
Based on property information with market context.
This oversized 3-story, 2-family brick home includes a walk-in basement, private driveway, and built-in garage. The layout totals 6 bedrooms and 3 full bathrooms, with 2 bonus guest rooms in the basement. The top floor features an oversized 3-bedroom apartment that can be converted to 4 bedrooms. The second floor offers a similar 3-bedroom apartment. Each unit provides its own living room, dining room, kitchen, and separate entrance.
The property is located in prime Gravesend, with convenient transit access near the F train and B82 bus, and close to the N train. Shopping, restaurants, schools, and parks are described as nearby.
The basement includes a separate entrance and backyard access, supporting flexible use within the overall two-family configuration.
The property is located in prime Gravesend, with convenient transit access near the F train and B82 bus, and close to the N train. Shopping, restaurants, schools, and parks are described as nearby.
The basement includes a separate entrance and backyard access, supporting flexible use within the overall two-family configuration.
Key Highlights
- 1935‑built oversized 3‑story 2‑family brick home with walk‑in basement and built‑in garage
- On a 20x100' lot with a 20x71' building; private driveway and separate entrances for both units
- Second and top floors offer similar layouts with a 3‑bedroom apartment on each level; top floor can be converted to 4 bedrooms
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
$128,179
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
7.77%
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%
$2,563,580
$2.6M
Cap Rate 7%
$1,831,129
$1.8M
Cap Rate 9%
$1,424,211
$1.4M
Market Conditions
NOI Build-Up for 3,660 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
$186.7K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$183.1K $50.03/SF
− OpEx
−$54.9K −$15.01/SF
NOI
$128.2K $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%
$2,563,580
Cap Rate 7%
$1,831,129
Cap Rate 9%
$1,424,211
Alternative Uses
Best Use
Multifamily LT 5
$1.83M
$1.60M – $2.14M
NOI $128,179 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,736 @ 7.0% cap · market cap 6.77%
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.54M
NOI $212,134 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,227
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - Oversized 3-story two-family brick residence with private driveway, built-in garage, and walk-in basement with guest rooms.
Where is this duplex located?
The property is located at 1773 Dahill Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 1935‑built oversized 3‑story 2‑family brick home with walk‑in basement and built‑in garage; On a 20x100' lot with a 20x71' building; private driveway and separate entrances for both units; Second and top floors offer similar layouts with a 3‑bedroom apartment on each level; top floor can be converted to 4 bedrooms
