Move-In Ready Two-Family
For Sale
$1,100,000
Pending
1722 W 10th St, Brooklyn, NY 11223
Two-family layout with separate street entrance to a finished basement and a private backyard.
Property Size1,448 SF
Days on Market121
Property Features for 1722 W 10th St
General Information
Standard status
Pending
Size
1,448 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,678
Building Details
Building Size
1,448 SF
Year Built
1915
Stories
2
Tenancy
Multi
Listing Agency:
REMAX EDGE
(718) 612-3088
Listed By:
ChaoHui Andrew Chen · License #CAC7832
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Aug 25
Last Checked: Aug 25 at 7:48AM
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 REMAX EDGE
Investment Insights
Based on property information with market context.
This move-in ready two-family home offers two distinct units with separate living areas. The first floor includes one bedroom, a kitchen, a bathroom, and a living room. The second floor features two bedrooms, a living room, a kitchen, and a bathroom. A finished basement adds additional usable space, including a full bathroom, along with a separate entrance to the street and access to a backyard.
The property is described as being in the center of Gravesend and close to everything. Transit access is rated as excellent, and walkability is described as very high, with the area also noted as bikeable.
Full possession is available at closing.
The property is described as being in the center of Gravesend and close to everything. Transit access is rated as excellent, and walkability is described as very high, with the area also noted as bikeable.
Full possession is available at closing.
Key Highlights
- Move‑in ready two‑family home with 1915 build year
- First floor: 1 bedroom, kitchen, bathroom, and living room
- Second floor: 2 bedrooms plus living room, kitchen, and bathroom
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
$50,711
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
4.61%
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%
$1,014,220
$1.0M
Cap Rate 7%
$724,443
$724.4K
Cap Rate 9%
$563,456
$563.5K
Market Conditions
NOI Build-Up for 1,448 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
$73.8K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.4K $50.03/SF
− OpEx
−$21.7K −$15.01/SF
NOI
$50.7K $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%
$1,014,220
Cap Rate 7%
$724,443
Cap Rate 9%
$563,456
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$631.5K
$552.6K – $736.8K
NOI $44,206 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,926 @ 7.0% cap · market cap 7.63%
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
4,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - Two-family layout with separate street entrance to a finished basement and a private backyard.
Where is this duplex located?
The property is located at 1722 W 10th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Move‑in ready two‑family home with 1915 build year; First floor: 1 bedroom, kitchen, bathroom, and living room; Second floor: 2 bedrooms plus living room, kitchen, and bathroom
