Brick Duplex with Private
New
For Sale
$1,380,000
2678 Haring St, Brooklyn, NY 11235
Legal two-family residence with flexible living areas, a finished basement, and a paved backyard for outdoor use.
Property Size2,225 SF
Lot Size0.07 Acres
Days on Market6
Property Features for 2678 Haring St
General Information
Standard status
Active
Size
2,225 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,587
Building Details
Building Size
2,225 SF
Year Built
1950
Buildings
1
Stories
3
Construction
brick
Listing Agency:
REMAX EDGE
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Source:
Elliman
Added: Aug 21
Changed: Aug 26
Last Checked: Aug 25 at 10:40AM
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 legal two-family brick residence offers three above-ground levels plus a fully finished basement, creating a flexible configuration for owner-occupancy or rental use. The principal duplex includes 3 bedrooms, 2 full bathrooms, two living areas, and a generously sized kitchen with substantial cabinetry. A separate ground-level area provides 2 bedrooms, 1 full bathroom, a living area, and its own entrance. The basement has additional separate access and can serve recreational or storage needs.
The property occupies a 30×100' lot with a 20×36' building. Parking is supported by a 10-foot-wide private front driveway and access to a rear-end community driveway. Outdoor features include a large paved backyard suitable for gatherings, gardening, and general outdoor enjoyment. Hardwood floors, well-sized rooms, and abundant natural light complete the interior. The property is near shopping, restaurants, schools, parks, and public transportation, with walkScore 80, bikeScore 63, and transitScore 63.
The property occupies a 30×100' lot with a 20×36' building. Parking is supported by a 10-foot-wide private front driveway and access to a rear-end community driveway. Outdoor features include a large paved backyard suitable for gatherings, gardening, and general outdoor enjoyment. Hardwood floors, well-sized rooms, and abundant natural light complete the interior. The property is near shopping, restaurants, schools, parks, and public transportation, with walkScore 80, bikeScore 63, and transitScore 63.
Key Highlights
- Legal two‑family brick residence with three above‑ground levels and a fully finished basement
- 30×100' lot with a 20×36' building
- 10‑foot‑wide private front driveway plus rear‑end community driveway
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
$77,923
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
5.65%
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%
$1,558,460
$1.6M
Cap Rate 7%
$1,113,186
$1.1M
Cap Rate 9%
$865,811
$865.8K
Market Conditions
NOI Build-Up for 2,225 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
$113.5K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$111.3K $50.03/SF
− OpEx
−$33.4K −$15.01/SF
NOI
$77.9K $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%
$1,558,460
Cap Rate 7%
$1,113,186
Cap Rate 9%
$865,811
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.0K – $1.30M
NOI $77,923 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$970.4K
$849.1K – $1.13M
NOI $67,927 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,961 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 - Legal two-family residence with flexible living areas, a finished basement, and a paved backyard for outdoor use.
Where is this duplex located?
The property is located at 2678 Haring St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Legal two‑family brick residence with three above‑ground levels and a fully finished basement; 30×100' lot with a 20×36' building; 10‑foot‑wide private front driveway plus rear‑end community driveway
