Detached Brick Two-Family
For Sale
$1,349,000
2149 W 9th St, Brooklyn, NY 11223
Detached brick 2-family home with private driveway and garage, finished basement, and front and back yards.
Property Size1,815 SF
Days on Market117
Property Features for 2149 W 9th St
General Information
Standard status
Active
Size
1,815 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,386
Building Details
Building Size
1,815 SF
Year Built
1930
Stories
2
Listing Agency:
RE/MAX Real Estates Professionals
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Apr 28
Changed: Aug 7
Last Checked: Aug 21 at 12:38PM
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 RE/MAX Real Estates Professionals
Investment Insights
Based on property information with market context.
Beautifully maintained detached brick 2-family home offering flexible layout with 6 bedrooms and 3 full bathrooms. The property includes a private driveway with garage, a full finished basement with additional storage, and updated plumbing and electric. Interior features include granite kitchen countertops, hardwood floors, and ceramic tile flooring in the basement.
Set on a quiet residential block just off Avenue U, the home is positioned near shopping, restaurants, schools, houses of worship, and public transportation.
The combination of indoor living space and both a front and back yard supports a variety of residential uses while maintaining a straightforward, self-contained home configuration.
Set on a quiet residential block just off Avenue U, the home is positioned near shopping, restaurants, schools, houses of worship, and public transportation.
The combination of indoor living space and both a front and back yard supports a variety of residential uses while maintaining a straightforward, self-contained home configuration.
Key Highlights
- Detached brick 2‑family home built in 1930 with 6 bedrooms and 3 full bathrooms
- Private driveway with garage plus a full finished basement offering additional storage space
- Updated plumbing and electric
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
$63,564
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
4.71%
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%
$1,271,280
$1.3M
Cap Rate 7%
$908,057
$908.1K
Cap Rate 9%
$706,267
$706.3K
Market Conditions
NOI Build-Up for 1,815 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
$92.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$90.8K $50.03/SF
− OpEx
−$27.2K −$15.01/SF
NOI
$63.6K $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%
$1,271,280
Cap Rate 7%
$908,057
Cap Rate 9%
$706,267
Alternative Uses
Best Use
Multifamily LT 5
$908.1K
$794.6K – $1.06M
NOI $63,564 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$791.6K
$692.6K – $923.5K
NOI $55,410 @ 7.0% cap · market cap 4.11%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,197 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,760
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 - Detached brick 2-family home with private driveway and garage, finished basement, and front and back yards.
Where is this duplex located?
The property is located at 2149 W 9th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Detached brick 2‑family home built in 1930 with 6 bedrooms and 3 full bathrooms; Private driveway with garage plus a full finished basement offering additional storage space; Updated plumbing and electric
