Duplex Residential Income
For Sale
$1,100,000
800 5TH AVE, Brooklyn, NY 11232
Modern duplex condo with flexible lower-level space and private outdoor areas.
Property Size1,553 SF
Price / SF$708.31
Days on Market557
Property Features for 800 5TH AVE
General Information
Standard status
Active
Size
1,553 SF
Property subtype
Duplex
Amenities
Electric
3
Garden.
Building Details
Year Built
1920
Stories
2
Listing Agency:
(212) 891-7000
Listed By:
Douglas Elliman Real Estate
(516) 280-0868
Source:
Xome
Added: Feb 27, 2025
Changed: Sep 2
Last Checked: Sep 7 at 5:37AM
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 Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This duplex condo provides 1,553 square feet of interior space across seven rooms, with two bedrooms and 2.5 bathrooms. The main level includes an eat-in kitchen, naturally bright living room, full bathroom, and sliding-door access to a private backyard. A 656-square-foot lower recreational level adds a half-bath and private rear access, creating room for uses such as a home theater, fitness area, playroom, or lounge. The property also includes a garden and roof deck, with in-unit washer and dryer use permitted.
Located at 800 5th Avenue in Brooklyn, the residence sits near Green-Wood Cemetery, Weir Greenhouse, Industry City, Greenwood Park, Fifth Avenue shops and restaurants, Sunset Park, Greenwood Playground, and Prospect Park. The building is pet-friendly and offers flexible renting options.
Located at 800 5th Avenue in Brooklyn, the residence sits near Green-Wood Cemetery, Weir Greenhouse, Industry City, Greenwood Park, Fifth Avenue shops and restaurants, Sunset Park, Greenwood Playground, and Prospect Park. The building is pet-friendly and offers flexible renting options.
Key Highlights
- 1,553 SF duplex condo with seven rooms
- 656‑square‑foot recreational level with half‑bath and private rear access
- Two bedrooms and 2.5 bathrooms
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
$47,411
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
4.31%
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%
$948,220
$948.2K
Cap Rate 7%
$677,300
$677.3K
Cap Rate 9%
$526,789
$526.8K
Market Conditions
NOI Build-Up for 1,553 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
$88.0K $56.64/SF
− Vacancy
−$1.8K −$1.13/SF
EGI
$86.2K $55.51/SF
− OpEx
−$38.8K −$24.98/SF
NOI
$47.4K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$948,220
Cap Rate 7%
$677,300
Cap Rate 9%
$526,789
Alternative Uses
Best Use
Apartment 5plus
$677.3K
$592.6K – $790.2K
NOI $47,411 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.50M
NOI $90,012 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,673
Businesses Nearby
Explore this area
Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Modern duplex condo with flexible lower-level space and private outdoor areas.
Where is this residential income property located?
The property is located at 800 5TH AVE Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1,553 SF duplex condo with seven rooms; 656‑square‑foot recreational level with half‑bath and private rear access; Two bedrooms and 2.5 bathrooms
