Semi-Attached Brick
For Sale
$1,879,000
6659 Colonial Rd, Brooklyn, NY 11220
Semi-attached brick duplex with a 3-over-3 layout, finished basement, and a rare two-car built-in garage.
Property Size2,160 SF
Lot Size0.05 Acres
Days on Market121
Property Features for 6659 Colonial Rd
General Information
Standard status
Active
Size
2,160 SF
Total Parking Spaces
2
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,985
Building Details
Building Size
2,160 SF
Year Built
1930
Stories
2
Construction
brick semi-attached
Listing Agency:
Brooklyn Real Property, Inc
Listed By:
Siu Y Shum · License #SYS0658
(718) 875-8899
Source:
Elliman
Added: May 8
Changed: Sep 4
Last Checked: Sep 4 at 11:36AM
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 Brooklyn Real Property, Inc
Investment Insights
Based on property information with market context.
Located at 6659 Colonial Rd in Brooklyn, this solid brick semi-attached duplex is currently configured as a spacious 3-bedroom over 3-bedroom layout. The main level includes a large living room, formal dining room, and an eat-in kitchen, with abundant natural light throughout. Original details such as parquet floors, classic moldings, and high ceilings add character to the space. A fully finished basement adds further flexibility, featuring a full bathroom, laundry area, windows, and separate entrances.
Additional highlights include a rare two-car built-in garage. The home also offers unobstructed views overlooking Owl’s Head Park, along with waterfront vistas of the Atlantic Ocean and the NYC skyline. Conveniently positioned near the Belt Parkway, the property is close to shopping, dining, and transportation options with access to Manhattan.
Additional highlights include a rare two-car built-in garage. The home also offers unobstructed views overlooking Owl’s Head Park, along with waterfront vistas of the Atlantic Ocean and the NYC skyline. Conveniently positioned near the Belt Parkway, the property is close to shopping, dining, and transportation options with access to Manhattan.
Key Highlights
- Semi‑attached solid brick home with a 3‑bedroom over 3‑bedroom layout
- Potential to convert to a 4‑bedroom setup
- Fully finished basement with a full bathroom, laundry area, windows, and separate entrances
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
$64,313
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
3.42%
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%
$1,286,260
$1.3M
Cap Rate 7%
$918,757
$918.8K
Cap Rate 9%
$714,589
$714.6K
Market Conditions
NOI Build-Up for 2,160 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 $44.40/SF
− Vacancy
−$4.0K −$1.86/SF
EGI
$91.9K $42.54/SF
− OpEx
−$27.6K −$12.76/SF
NOI
$64.3K $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%
$1,286,260
Cap Rate 7%
$918,757
Cap Rate 9%
$714,589
Alternative Uses
Best Use
Multifamily LT 5
$918.8K
$803.9K – $1.07M
NOI $64,313 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$822.9K
$720.0K – $960.0K
NOI $57,600 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,019 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,396
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
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 - Semi-attached brick duplex with a 3-over-3 layout, finished basement, and a rare two-car built-in garage.
Where is this duplex located?
The property is located at 6659 Colonial Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,879,000.
What are key features of this property?
This property features: Semi‑attached solid brick home with a 3‑bedroom over 3‑bedroom layout; Potential to convert to a 4‑bedroom setup; Fully finished basement with a full bathroom, laundry area, windows, and separate entrances
