Brick Duplex With Private
For Sale
$1,288,000
1278 E 70th Street, Brooklyn, NY 11234
Residential, Duplex - Up/Down, Brooklyn, NY
Property Size3,784 SF
Lot Size0.11 Acres
Price / SF$340.38
Days on Market102
Property Features for 1278 E 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
8
Bathrooms
7
Full bathrooms
5
Half bathrooms
2
Rooms
Bedroom 4, Bathroom 4, Bedroom 8, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 7, Bathroom 5, Bedroom 1, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 7
Interior features
Microwave, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Georgetown
Standard status
Active
Size
3,784 SF
Lot size
0.11 Acres
Amenities
private balconies
large backyard
recreation room
storage
wood floors
Building Details
Year built
1975
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Talk of the Town Realty Corp.
Listed By:
Keren Shalmoni
(718) 251-7400
Added: Jul 6
Changed: Oct 13
Last Checked: Oct 15 at 12:06AM
MLS# 502826
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,784-square-foot brick duplex has three floors above grade and a finished basement, with four kitchens and multiple living and recreation areas. The lower level includes two multipurpose rooms, a bathroom, a summer kitchen, and its own entrance. Hardwood floors, balconies on each residential level, and storage add to the interior and outdoor configuration. The property also includes a large backyard and parking for five vehicles.
The 0.1062-acre lot measures 31 by 150 feet, while the home measures 22 by 60 feet. Built in 1975, the property is zoned R3-2 and has a flat roof. Georgetown Shopping Center, transportation, schools, and parks are described as minutes away.
The 0.1062-acre lot measures 31 by 150 feet, while the home measures 22 by 60 feet. Built in 1975, the property is zoned R3-2 and has a flat roof. Georgetown Shopping Center, transportation, schools, and parks are described as minutes away.
Key Highlights
- 3,784‑square‑foot brick duplex on a 0.1062‑acre lot
- Three floors above grade plus a finished basement with separate entrance
- Four kitchens, including a summer kitchen in the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,522
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,440
$2.3M
Cap Rate 7%
$1,650,314
$1.7M
Cap Rate 9%
$1,283,578
$1.3M
Market Conditions
NOI Build-Up for 3,784 SF
Gross rent
$214.3K $56.64/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$210.0K $55.51/SF
− OpEx
−$94.5K −$24.98/SF
NOI
$115.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,310,440
Cap Rate 7%
$1,650,314
Cap Rate 9%
$1,283,578
Alternative Uses
Best Use
Multifamily LT 5
$1.89M
$1.66M – $2.21M
NOI $132,522 @ 7.0% cap · market cap 10.29%
Second Best
Apartment 5plus
$1.65M
$1.44M – $1.93M
NOI $115,522 @ 7.0% cap · market cap 8.97%
Theoretical Best
Specialty Retail
$3.13M
$2.74M – $3.66M
NOI $219,321 @ 7.0% cap · market cap 17.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,475
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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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 - Three above-grade floors and a finished basement provide multiple living areas, kitchens, and storage.
Where is this duplex located?
The property is located at 1278 E 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: 3,784‑square‑foot brick duplex on a 0.1062‑acre lot; Three floors above grade plus a finished basement with separate entrance; Four kitchens, including a summer kitchen in the basement
