Detached Two-Family Brick
For Sale
$2,650,000
1201 E 10th St, Brooklyn, NY 11230
Detached 2-family brick corner property with a finished basement and detached 2-car garage.
Property Size2,280 SF
Days on Market38
Property Features for 1201 E 10th St
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,071
Building Details
Building Size
2,280 SF
Year Built
1930
Stories
2
Listing Agency:
Real Broker LLC
(718) 256-4000
Listed By:
Ichok Landau
(718) 256-4000
Source:
Elliman
Added: Jul 19
Changed: Aug 24
Last Checked: Aug 24 at 10:42AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Exceptional detached 2-family brick corner home offering two separate residences within one structure. The property includes a front porch for Unit 1, with a massive living room, eat-in kitchen, two bedrooms, and a full bath. Unit 2 features a sun-drenched living room, formal dining room, eat-in kosher kitchen, three bedrooms, and a full bath.
A fully finished basement adds flexible bonus space with a separate entrance, an additional room, 2.5 baths, and a luxury 3-person Cedar sauna. An attic provides additional storage, and the property includes a detached 2-car garage. A brand-new energy-efficient boiler is included for heat and hot water.
The location is described as minutes from schools, shopping, dining, houses of worship, and express transit, with very walkable, bikeable, and rider’s paradise transit metrics provided in the remarks.
A fully finished basement adds flexible bonus space with a separate entrance, an additional room, 2.5 baths, and a luxury 3-person Cedar sauna. An attic provides additional storage, and the property includes a detached 2-car garage. A brand-new energy-efficient boiler is included for heat and hot water.
The location is described as minutes from schools, shopping, dining, houses of worship, and express transit, with very walkable, bikeable, and rider’s paradise transit metrics provided in the remarks.
Key Highlights
- Detached 2‑family brick corner property built in 1930
- Detached 2‑car garage plus a fully finished basement with separate entrance
- Boiler: brand‑new energy‑efficient boiler for heat & hot water
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
$79,849
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
3.01%
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%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 2,280 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
$116.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.1K $50.03/SF
− OpEx
−$34.2K −$15.01/SF
NOI
$79.8K $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%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,606 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,149 @ 7.0% cap · market cap 4.99%
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
4,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
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 - Detached 2-family brick corner property with a finished basement and detached 2-car garage.
Where is this duplex located?
The property is located at 1201 E 10th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Detached 2‑family brick corner property built in 1930; Detached 2‑car garage plus a fully finished basement with separate entrance; Boiler: brand‑new energy‑efficient boiler for heat & hot water
