Two-Family Brick
For Sale
$1,099,000
1325 Gates Avenue, Brooklyn, NY 11221
Maintained two-residence property with private parking and a backyard for outdoor use.
Property Size2,204 SF
Price / SF$498.64
Days on Market13
Property Features for 1325 Gates Avenue
General Information
Standard status
Active
Size
2,204 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,096
Amenities
backyard
Building Details
Building Size
2,204 SF
Year Built
2004
Buildings
1
Construction
brick
Listing Agency:
Compass
(917) 847-7771
Listed By:
Parviz Latipzoda
(917) 847-7771
Source:
Cbwarburg
Added: Aug 1
Changed: Aug 5
Last Checked: Aug 12 at 2:50PM
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 Compass
Investment Insights
Based on property information with market context.
This two-family brick duplex, built in 2004, contains 2,204 square feet across two separate residences. The upper-level duplex offers 3 bedrooms and 1.5 bathrooms, while the lower residence includes 2 bedrooms and 1 full bathroom. Private parking is positioned directly in front of the home, and the property also includes a spacious backyard suitable for dining, entertaining, or leisure use.
The property is located at 1325 Gates Avenue in Brooklyn, NY 11221. Transit access includes the L, M, J, and Z subway lines, with the B60 and B52 bus routes across the street. Restaurants, cafes, parks, and everyday conveniences are nearby, and Manhattan is approximately 30 minutes away by commute.
The property is located at 1325 Gates Avenue in Brooklyn, NY 11221. Transit access includes the L, M, J, and Z subway lines, with the B60 and B52 bus routes across the street. Restaurants, cafes, parks, and everyday conveniences are nearby, and Manhattan is approximately 30 minutes away by commute.
Key Highlights
- Two‑family brick property built in 2004
- 2,204 square feet with 5 bedrooms and 2.5 bathrooms
- Upper‑level 3‑bedroom, 1.5‑bathroom duplex
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
$77,188
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
7.02%
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%
$1,543,760
$1.5M
Cap Rate 7%
$1,102,686
$1.1M
Cap Rate 9%
$857,644
$857.6K
Market Conditions
NOI Build-Up for 2,204 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
$112.4K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.3K $50.03/SF
− OpEx
−$33.1K −$15.01/SF
NOI
$77.2K $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%
$1,543,760
Cap Rate 7%
$1,102,686
Cap Rate 9%
$857,644
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$964.9K – $1.29M
NOI $77,188 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$961.2K
$841.1K – $1.12M
NOI $67,286 @ 7.0% cap · market cap 6.12%
Theoretical Best
Specialty Retail
$1.82M
$1.60M – $2.13M
NOI $127,744 @ 7.0% cap · market cap 11.62%
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
5,068
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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 - Maintained two-residence property with private parking and a backyard for outdoor use.
Where is this duplex located?
The property is located at 1325 Gates Avenue 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: Two‑family brick property built in 2004; 2,204 square feet with 5 bedrooms and 2.5 bathrooms; Upper‑level 3‑bedroom, 1.5‑bathroom duplex
