Two-Family Residential
For Sale
$980,000
Pending
913 Euclid Ave, Brooklyn, NY 11208
Two-unit home offers a 3-bedroom, 2-bath over 2-bedroom, 2-bath layout with a built-in garage and finished basement.
Property Size2,302 SF
Days on Market125
Property Features for 913 Euclid Ave
General Information
Standard status
Pending
Size
2,302 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,875
Building Details
Building Size
2,302 SF
Year Built
2007
Stories
2
Listing Agency:
Brooklyn Real Property Inc.
Listed By:
Alessandro Marra
(718) 272-8988
Source:
Elliman
Added: May 9
Changed: Aug 28
Last Checked: Sep 9 at 9:38AM
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.
This two-family residential building features a 3-bedroom, 2-bath unit over a 2-bedroom, 2-bath unit, with a built-in garage and a finished basement. The property also includes a private driveway and a large backyard, providing useful outdoor space for everyday living.
Located in East New York, the home is supported by strong neighborhood accessibility, with BikeScore of 64 (Bikeable), walkScore of 59 (Somewhat Walkable), and transitScore of 76 (Excellent Transit).
Configured as a duplex with both indoor and outdoor amenities, the property presents a straightforward income-property format for buyers seeking a multi-unit residential asset.
Located in East New York, the home is supported by strong neighborhood accessibility, with BikeScore of 64 (Bikeable), walkScore of 59 (Somewhat Walkable), and transitScore of 76 (Excellent Transit).
Configured as a duplex with both indoor and outdoor amenities, the property presents a straightforward income-property format for buyers seeking a multi-unit residential asset.
Key Highlights
- 2007‑built two‑family home with a 3‑bedroom, 2‑bath over a 2‑bedroom, 2‑bath layout
- Over 2‑bedroom, 2‑bath includes a built‑in garage plus a finished basement
- Private driveway for off‑street parking
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
$59,093
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
6.03%
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%
$1,181,860
$1.2M
Cap Rate 7%
$844,186
$844.2K
Cap Rate 9%
$656,589
$656.6K
Market Conditions
NOI Build-Up for 2,302 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
$88.4K $38.40/SF
− Vacancy
−$4.0K −$1.73/SF
EGI
$84.4K $36.67/SF
− OpEx
−$25.3K −$11.00/SF
NOI
$59.1K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$1,181,860
Cap Rate 7%
$844,186
Cap Rate 9%
$656,589
Alternative Uses
Best Use
Multifamily LT 5
$844.2K
$738.7K – $984.9K
NOI $59,093 @ 7.0% cap · market cap 6.03%
Second Best
Apartment 5plus
$751.7K
$657.7K – $877.0K
NOI $52,617 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,598 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,275
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - Two-unit home offers a 3-bedroom, 2-bath over 2-bedroom, 2-bath layout with a built-in garage and finished basement.
Where is this duplex located?
The property is located at 913 Euclid Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 2007‑built two‑family home with a 3‑bedroom, 2‑bath over a 2‑bedroom, 2‑bath layout; Over 2‑bedroom, 2‑bath includes a built‑in garage plus a finished basement; Private driveway for off‑street parking
