Detached Two-Family Brick
For Sale
$1,800,000
7530 Narrows Ave, Brooklyn, NY 11209
Detached brick 2-family on an R4-zoned lot with finished basement, multiple HVAC zones, and a 3-car detached garage.
Property Size2,310 SF
Lot Size0.08 Acres
Days on Market173
Property Features for 7530 Narrows Ave
General Information
Standard status
Active
Size
2,310 SF
Total Parking Spaces
3
Lot size
0.08 Acres
Property subtype
Multi Family
Zoning
R4
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$15,185
Building Details
Building Size
2,310 SF
Year Built
1925
Year Renovated
2007
Stories
2
Tenancy
Multi
Listing Agency:
Brooklyn Real Property, Inc
Listed By:
Siu Y Shum · License #SYS0658
(718) 875-8899
Source:
Elliman
Added: Mar 17
Changed: Aug 31
Last Checked: Sep 4 at 2:28PM
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 Brooklyn Real Property, Inc
Investment Insights
Based on property information with market context.
Detached brick two-family with a solid, legal setup on a 32 ft x 109.75 ft lot in Brooklyn, NY. The home is currently configured for use as a 1st-floor layout with a large living and formal dining area, high ceilings, and abundant windows, with space that can be converted back to a 2-bedroom arrangement. The 2nd floor includes a main bedroom with walk-in closets plus two additional bedrooms and modern bathrooms, along with an open kitchen area and pantry. A finished basement adds a full bath with jacuzzi, a large family room, and additional closet space, with a separated entrance and an interior entrance.
Additional improvements include updated wiring throughout, a newer gas hot water system, and a 3-zone HVAC system for heating and air conditioning, along with split HVAC systems and new compressor. The property was renovated in 2007 with new windows and electrical, a roof approximately 8 years old, and Italian granite tile flooring plus second-floor original wood floors. A 3-car detached garage supports parking, and the R4 zoning allows additional available building space of 1,194 sq ft (21.33 ft x 51 ft).
Additional improvements include updated wiring throughout, a newer gas hot water system, and a 3-zone HVAC system for heating and air conditioning, along with split HVAC systems and new compressor. The property was renovated in 2007 with new windows and electrical, a roof approximately 8 years old, and Italian granite tile flooring plus second-floor original wood floors. A 3-car detached garage supports parking, and the R4 zoning allows additional available building space of 1,194 sq ft (21.33 ft x 51 ft).
Key Highlights
- Brick detached 2‑family on an R4‑zoned lot (32 ft x 109.75 ft) with side entrance
- Finished basement includes a full bath with jacuzzi, large family room, and a separated entrance
- Approx. 1,200 SF layout with up to 3 bedrooms total, plus finished attic space and abundant closet space
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
$80,900
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
4.49%
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%
$1,618,000
$1.6M
Cap Rate 7%
$1,155,714
$1.2M
Cap Rate 9%
$898,889
$898.9K
Market Conditions
NOI Build-Up for 2,310 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
$117.8K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$115.6K $50.03/SF
− OpEx
−$34.7K −$15.01/SF
NOI
$80.9K $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%
$1,618,000
Cap Rate 7%
$1,155,714
Cap Rate 9%
$898,889
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.01M – $1.35M
NOI $80,900 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$1.01M
$881.5K – $1.18M
NOI $70,522 @ 7.0% cap · market cap 3.92%
Theoretical Best
Specialty Retail
$1.91M
$1.67M – $2.23M
NOI $133,888 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,355
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Detached brick 2-family on an R4-zoned lot with finished basement, multiple HVAC zones, and a 3-car detached garage.
Where is this duplex located?
The property is located at 7530 Narrows Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Brick detached 2‑family on an R4‑zoned lot (32 ft x 109.75 ft) with side entrance; Finished basement includes a full bath with jacuzzi, large family room, and a separated entrance; Approx. 1,200 SF layout with up to 3 bedrooms total, plus finished attic space and abundant closet space
