Renovated Two-Family
For Sale
$1,080,000
2624 W 13th St, Brooklyn, NY 11214
Move-in-ready two-family home with fully renovated units, multiple bedrooms, and a finished basement with versatile space.
Property Size2,784 SF
Lot Size0.05 Acres
Days on Market119
Property Features for 2624 W 13th St
General Information
Standard status
Active
Size
2,784 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,865
Building Details
Building Size
2,784 SF
Year Built
1930
Stories
2
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Aug 21
Last Checked: Aug 24 at 8:44AM
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.
This fully renovated two-family residence offers a total of 3-bedroom, 2-full-bath layouts in each unit. Natural light is brought in through multiple windows, and interiors include modern kitchens, marble flooring, and tastefully designed bathrooms. The primary bedroom in each unit includes a private en-suite bath. A fully finished basement adds additional flexible space, including a family room and an office area, along with duplex-style access to the first floor.
The property is located in Brooklyn’s Bath Beach area, within a short distance of the 86th Street shopping district and Stop & Shop, as well as nearby schools and the D train subway station. It also sits close to the Belt Parkway, supporting convenient commuting.
The home is positioned for owner-occupants seeking multi-generational options as well as investors looking for income-producing residential property.
The property is located in Brooklyn’s Bath Beach area, within a short distance of the 86th Street shopping district and Stop & Shop, as well as nearby schools and the D train subway station. It also sits close to the Belt Parkway, supporting convenient commuting.
The home is positioned for owner-occupants seeking multi-generational options as well as investors looking for income-producing residential property.
Key Highlights
- Two‑family home built in 1930 on a 20x100 lot with a 16x58 building size
- Fully renovated from top to bottom with each unit featuring 3 bedrooms and 2 full bathrooms
- Primary bedroom includes a private en‑suite bath; multiple windows bring natural light to each 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
$75,933
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
7.03%
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%
$1,518,660
$1.5M
Cap Rate 7%
$1,084,757
$1.1M
Cap Rate 9%
$843,700
$843.7K
Market Conditions
NOI Build-Up for 2,784 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
$113.6K $40.80/SF
− Vacancy
−$5.1K −$1.84/SF
EGI
$108.5K $38.96/SF
− OpEx
−$32.5K −$11.69/SF
NOI
$75.9K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,518,660
Cap Rate 7%
$1,084,757
Cap Rate 9%
$843,700
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$949.2K – $1.27M
NOI $75,933 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$972.2K
$850.7K – $1.13M
NOI $68,053 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,683 @ 7.0% cap · market cap 10.53%
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
2,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Move-in-ready two-family home with fully renovated units, multiple bedrooms, and a finished basement with versatile space.
Where is this duplex located?
The property is located at 2624 W 13th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two‑family home built in 1930 on a 20x100 lot with a 16x58 building size; Fully renovated from top to bottom with each unit featuring 3 bedrooms and 2 full bathrooms; Primary bedroom includes a private en‑suite bath; multiple windows bring natural light to each unit
