Two-Family Duplex Home with Private
For Sale
$2,188,888
1030 73rd St, Brooklyn, NY 11228
Spacious duplex currently delivered vacant, with split ductless HVAC, five bedrooms, multiple terraces, and a finished tiled basement.
Property Size2,437 SF
Days on Market31
Property Features for 1030 73rd St
General Information
Standard status
Active
Size
2,437 SF
Total Parking Spaces
3
Property subtype
Multi Family
Amenities
split ductless A/C and heating units
hardwood floors
front porch
rear terraces
rear patio
paver backyard
finished tiled basement
electric car charger
Building Details
Building Size
2,437 SF
Year Built
1905
Buildings
1
Stories
3
Listing Agency:
Ben Bay Realty Co
(718) 372-6442
Listed By:
Joseph F. Girgenti
(718) 372-6442
Source:
Elliman
Added: Jul 29
Changed: Jul 30
Last Checked: Aug 26 at 11:02AM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This well-maintained two-family duplex is currently delivered vacant and used as a single-family home. The layout features five bedrooms total, with three bedrooms on the second floor and two bedrooms on the third floor. Bathrooms include two full tiled baths on the upper levels plus a convenient half bath on the main floor. Daily living is supported by a welcoming living room, formal dining room, and a spacious eat-in kitchen, with hardwood floors running through the main living areas.
Comfort and flexibility come from split ductless A/C and heating units on the second and third floors, along with four-zone heating covering the basement, first, second, and third floors. A finished tiled basement adds versatile recreation or flexible space, and the home offers ample closet storage throughout.
Outdoor living is a highlight, with a front porch, second-floor front and rear terraces, and a rear patio leading to a beautifully finished paver backyard. A private driveway accommodates up to three cars and includes an electric car charger. Built in 1905, the home also includes bikeScore 59, walkScore 85, and transitScore 73.
Comfort and flexibility come from split ductless A/C and heating units on the second and third floors, along with four-zone heating covering the basement, first, second, and third floors. A finished tiled basement adds versatile recreation or flexible space, and the home offers ample closet storage throughout.
Outdoor living is a highlight, with a front porch, second-floor front and rear terraces, and a rear patio leading to a beautifully finished paver backyard. A private driveway accommodates up to three cars and includes an electric car charger. Built in 1905, the home also includes bikeScore 59, walkScore 85, and transitScore 73.
Key Highlights
- Delivered vacant two‑family duplex used as a single‑family home
- Five bedrooms: 3 on the second floor and 2 on the third floor
- Two full tiled bathrooms on the upper levels plus a half bath on the main floor
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
$85,348
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
3.90%
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%
$1,706,960
$1.7M
Cap Rate 7%
$1,219,257
$1.2M
Cap Rate 9%
$948,311
$948.3K
Market Conditions
NOI Build-Up for 2,437 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
$124.3K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.9K $50.03/SF
− OpEx
−$36.6K −$15.01/SF
NOI
$85.3K $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%
$1,706,960
Cap Rate 7%
$1,219,257
Cap Rate 9%
$948,311
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,348 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$1.06M
$930.0K – $1.24M
NOI $74,399 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,249 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,439
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious duplex currently delivered vacant, with split ductless HVAC, five bedrooms, multiple terraces, and a finished tiled basement.
Where is this duplex located?
The property is located at 1030 73rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,188,888.
What are key features of this property?
This property features: Delivered vacant two‑family duplex used as a single‑family home; Five bedrooms: 3 on the second floor and 2 on the third floor; Two full tiled bathrooms on the upper levels plus a half bath on the main floor
