Semi-Attached Two-Family
For Sale
$2,250,000
Pending
845 50th St, Brooklyn, NY 11220
Brick two-family residence offers two full-floor layouts plus a basement with separate entrance and two off-street parking spots.
Property Size2,196 SF
Days on Market135
Property Features for 845 50th St
General Information
Standard status
Pending
Size
2,196 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,946
Building Details
Building Size
2,196 SF
Year Built
1910
Stories
2
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Renzhang Danny Dong · License #RD7348
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Aug 24
Last Checked: Sep 8 at 6:47AM
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.
Semi-attached brick two-family home in Brooklyn with two separate living floors and an additional basement space. The first floor features three bedrooms, one full bath, kitchen, living room, and dining area. The second floor offers four bedrooms, one full bath, kitchen, living room, and dining room. The basement includes a separate entrance and provides extra space that can be used as a family room, recreation area, or storage.
A community driveway provides two parking spots. The property is positioned near 8th Ave shopping and restaurants, with convenient access to public transportation including the N and D Line.
This configuration supports a straightforward two-unit setup with flexible use of the lower level for additional living space or storage.
A community driveway provides two parking spots. The property is positioned near 8th Ave shopping and restaurants, with convenient access to public transportation including the N and D Line.
This configuration supports a straightforward two-unit setup with flexible use of the lower level for additional living space or storage.
Key Highlights
- Brick semi‑attached two‑family home with Year Built 1910
- First floor: 3 bedrooms and 1 full bath with kitchen, living room, and dining area
- Second floor: 4 bedrooms and 1 full bath with kitchen, living room, and dining room
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
$65,385
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
2.91%
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%
$1,307,700
$1.3M
Cap Rate 7%
$934,071
$934.1K
Cap Rate 9%
$726,500
$726.5K
Market Conditions
NOI Build-Up for 2,196 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
$97.5K $44.40/SF
− Vacancy
−$4.1K −$1.86/SF
EGI
$93.4K $42.54/SF
− OpEx
−$28.0K −$12.76/SF
NOI
$65.4K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$1,307,700
Cap Rate 7%
$934,071
Cap Rate 9%
$726,500
Alternative Uses
Best Use
Multifamily LT 5
$934.1K
$817.3K – $1.09M
NOI $65,385 @ 7.0% cap · market cap 2.91%
Second Best
Apartment 5plus
$836.6K
$732.0K – $976.0K
NOI $58,560 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,653 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
7,809
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick two-family residence offers two full-floor layouts plus a basement with separate entrance and two off-street parking spots.
Where is this duplex located?
The property is located at 845 50th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Brick semi‑attached two‑family home with Year Built 1910; First floor: 3 bedrooms and 1 full bath with kitchen, living room, and dining area; Second floor: 4 bedrooms and 1 full bath with kitchen, living room, and dining room
