Two-Family Brick
For Sale
$1,370,000
Pending
832 Willoughby Ave, Brooklyn, NY 11206
Well-maintained two-family brick townhouse with two residential units and convenient transit access.
Property Size1,880 SF
Lot Size0.05 Acres
Days on Market128
Property Features for 832 Willoughby Ave
General Information
Standard status
Pending
Size
1,880 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Construction
brick
Tenancy
Multi
Listing Agency:
Efocus Team Real Estate Inc
Listed By:
Chun Ying (Emily) Chen
(347) 882-1913
Source:
Elliman
Added: Apr 28
Changed: Aug 28
Last Checked: Sep 1 at 6:24PM
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 Efocus Team Real Estate Inc
Investment Insights
Based on property information with market context.
This well-maintained two-family brick townhouse offers a durable, classic residential structure with two separate residential units. Each unit features a functional layout with multiple bedrooms and generous natural light.
The property is located in Bedford-Stuyvesant and is convenient to public transportation, including the J, M, and Z subway lines, providing easy access to Manhattan and surrounding neighborhoods.
With two spacious units within a single building, the property suits configurations where one unit may be owner-occupied while the other can be used for rental income, or held as a residential income investment.
The property is located in Bedford-Stuyvesant and is convenient to public transportation, including the J, M, and Z subway lines, providing easy access to Manhattan and surrounding neighborhoods.
With two spacious units within a single building, the property suits configurations where one unit may be owner-occupied while the other can be used for rental income, or held as a residential income investment.
Key Highlights
- Well‑maintained two‑family brick townhouse in Bedford‑Stuyvesant
- Approximately 1,880 SF on a 20 × 100 ft lot
- Two residential units with functional layouts and multiple bedrooms per unit
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
$65,841
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
4.81%
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%
$1,316,820
$1.3M
Cap Rate 7%
$940,586
$940.6K
Cap Rate 9%
$731,567
$731.6K
Market Conditions
NOI Build-Up for 1,880 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
$95.9K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$94.1K $50.03/SF
− OpEx
−$28.2K −$15.01/SF
NOI
$65.8K $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%
$1,316,820
Cap Rate 7%
$940,586
Cap Rate 9%
$731,567
Alternative Uses
Best Use
Multifamily LT 5
$940.6K
$823.0K – $1.10M
NOI $65,841 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$819.9K
$717.4K – $956.6K
NOI $57,394 @ 7.0% cap · market cap 4.19%
Theoretical Best
Specialty Retail
$1.56M
$1.36M – $1.82M
NOI $108,965 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,501
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
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 - Well-maintained two-family brick townhouse with two residential units and convenient transit access.
Where is this duplex located?
The property is located at 832 Willoughby Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,370,000.
What are key features of this property?
This property features: Well‑maintained two‑family brick townhouse in Bedford‑Stuyvesant; Approximately 1,880 SF on a 20 × 100 ft lot; Two residential units with functional layouts and multiple bedrooms per unit
