Solid-Brick Two-Family
For Sale
$1,099,000
724 E 82nd St, Brooklyn, NY 11236
Semi-detached two-family home with an owner duplex, four bedrooms, and parking for up to three vehicles.
Property Size2,760 SF
Lot Size0.05 Acres
Price / SF$398.19
Days on Market39
Property Features for 724 E 82nd St
General Information
Standard status
Active
Size
2,760 SF
Total Parking Spaces
3
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,064
Building Details
Building Size
2,760 SF
Year Built
1960
Buildings
1
Stories
3
Construction
brick
Tenancy
Multi
Listing Agency:
Fillmore R.E - 2990 Avenue U
Listed By:
Douglas E. Beaton
(718) 377-6161
Source:
Elliman
Added: Jul 30
Changed: Aug 31
Last Checked: Sep 6 at 8:08AM
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 Fillmore R.E - 2990 Avenue U
Investment Insights
Based on property information with market context.
This solid-brick, semi-detached two-family duplex offers approximately 2,760 square feet of living space on a 22-by-100-foot lot. The owner’s duplex features four bedrooms, including an extra-large primary bedroom with a private bathroom and an oversized walk-in closet, plus three additional spacious bedrooms with abundant closet space. The duplex totals three bathrooms, including one full, one three-quarter, and one half bathroom. Windows on three sides help bring natural light throughout, and the home features solid hardwood and tiled floors.
The first-floor apartment includes two bedrooms and one full bathroom, supporting rental-income potential. An additional front balcony on the second floor adds outdoor space, and there is a full semi-finished basement with a separate entrance. A community driveway provides parking for up to three vehicles.
Located in Brooklyn near restaurants, shopping, and recreational destinations including Gateway Center, Kings Plaza, Canarsie Park, Canarsie Pier, and Shirley Chisholm State Park. BikeScore of 66 (Bikeable), walkScore of 84 (Very Walkable), and transitScore of 80 (Excellent Transit) support a variety of mobility options.
The first-floor apartment includes two bedrooms and one full bathroom, supporting rental-income potential. An additional front balcony on the second floor adds outdoor space, and there is a full semi-finished basement with a separate entrance. A community driveway provides parking for up to three vehicles.
Located in Brooklyn near restaurants, shopping, and recreational destinations including Gateway Center, Kings Plaza, Canarsie Park, Canarsie Pier, and Shirley Chisholm State Park. BikeScore of 66 (Bikeable), walkScore of 84 (Very Walkable), and transitScore of 80 (Excellent Transit) support a variety of mobility options.
Key Highlights
- Approximately 2,760 SF on a 22‑by‑100‑foot lot
- Owner’s duplex: four bedrooms including extra‑large primary with private bath and oversized walk‑in closet
- Three bathrooms total: one full, one three‑quarter, and one half
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
$96,660
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
8.80%
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%
$1,933,200
$1.9M
Cap Rate 7%
$1,380,857
$1.4M
Cap Rate 9%
$1,074,000
$1.1M
Market Conditions
NOI Build-Up for 2,760 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
$140.8K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$138.1K $50.03/SF
− OpEx
−$41.4K −$15.01/SF
NOI
$96.7K $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%
$1,933,200
Cap Rate 7%
$1,380,857
Cap Rate 9%
$1,074,000
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.21M – $1.61M
NOI $96,660 @ 7.0% cap · market cap 8.80%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $84,260 @ 7.0% cap · market cap 7.67%
Theoretical Best
Specialty Retail
$2.29M
$2.00M – $2.67M
NOI $159,970 @ 7.0% cap · market cap 14.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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-detached two-family home with an owner duplex, four bedrooms, and parking for up to three vehicles.
Where is this duplex located?
The property is located at 724 E 82nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Approximately 2,760 SF on a 22‑by‑100‑foot lot; Owner’s duplex: four bedrooms including extra‑large primary with private bath and oversized walk‑in closet; Three bathrooms total: one full, one three‑quarter, and one half
