Two-Family Brownstone with
For Sale
$1,600,000
Pending
972 52nd St, Brooklyn, NY 11219
Well-maintained two-family brownstone with a duplexed finished basement featuring a recreation room, dedicated office, and separate entrance.
Property Size1,840 SF
Days on Market136
Property Features for 972 52nd St
General Information
Standard status
Pending
Size
1,840 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,873
Building Details
Building Size
1,840 SF
Year Built
1905
Stories
2
Construction
brownstone
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Daniel Gamil · License #10301211175
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Sep 2
Last Checked: Sep 9 at 8:47AM
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.
Well-maintained two-family brownstone configured as a 2-bedroom, 1-bath unit over a 2-bedroom, 1-bath unit, plus a finished basement duplexed with the first-floor level. The basement includes a spacious recreation room, a dedicated office, an additional full bathroom, and a separate entrance, with interior access from the first-floor unit for added flexibility.
Both residential units feature well-proportioned bedrooms, a living room, dining area, kitchen, and a full bathroom, resulting in a total of four bedrooms and three bathrooms. The property is near the D, N, and R subway lines and multiple bus routes, providing convenient commuting throughout Brooklyn and into Manhattan.
The first-floor and basement spaces are delivered vacant, offering immediate occupancy or leasing flexibility for the right buyer.
Both residential units feature well-proportioned bedrooms, a living room, dining area, kitchen, and a full bathroom, resulting in a total of four bedrooms and three bathrooms. The property is near the D, N, and R subway lines and multiple bus routes, providing convenient commuting throughout Brooklyn and into Manhattan.
The first-floor and basement spaces are delivered vacant, offering immediate occupancy or leasing flexibility for the right buyer.
Key Highlights
- Well‑maintained 2‑family brownstone with duplexed finished basement
- Layout offers 2 bedrooms/1 bath over 2 bedrooms/1 bath, plus finished basement space
- Basement includes a recreation room, dedicated office, and an additional full bathroom with separate entrance
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
$53,138
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
3.32%
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%
$1,062,760
$1.1M
Cap Rate 7%
$759,114
$759.1K
Cap Rate 9%
$590,422
$590.4K
Market Conditions
NOI Build-Up for 1,840 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
$79.5K $43.20/SF
− Vacancy
−$3.6K −$1.94/SF
EGI
$75.9K $41.26/SF
− OpEx
−$22.8K −$12.38/SF
NOI
$53.1K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,062,760
Cap Rate 7%
$759,114
Cap Rate 9%
$590,422
Alternative Uses
Best Use
Multifamily LT 5
$759.1K
$664.2K – $885.6K
NOI $53,138 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$681.4K
$596.2K – $795.0K
NOI $47,699 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,498 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,955
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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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 - Well-maintained two-family brownstone with a duplexed finished basement featuring a recreation room, dedicated office, and separate entrance.
Where is this duplex located?
The property is located at 972 52nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Well‑maintained 2‑family brownstone with duplexed finished basement; Layout offers 2 bedrooms/1 bath over 2 bedrooms/1 bath, plus finished basement space; Basement includes a recreation room, dedicated office, and an additional full bathroom with separate entrance
