Three-Bedroom
For Sale
$699,000
Pending
1462 65th Street, Brooklyn, NY 11234
Semi-detached residential income property with a backyard, basement, and room for cosmetic updates.
Property Size1,368 SF
Days on Market493
Property Features for 1462 65th Street
General Information
Standard status
Pending
Size
1,368 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
cosmetic renovation
Taxes and HOA fees
Annual Taxes
$6,438
Building Details
Year Built
1920
Listing Agency:
Revived Residential
Listed By:
Louis Belisario
(929) 379-3750
Source:
Exitrealty
Added: Apr 28, 2025
Changed: Aug 31
Last Checked: Aug 31 at 4:47PM
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 Revived Residential
Investment Insights
Based on property information with market context.
This semi-detached duplex contains 1,368 square feet and was built in 1920. The main level includes a sunroom, living room, formal dining room, and kitchen, while the upper level provides three bedrooms and one bathroom. A semi-finished basement adds additional space below the primary living areas.
The property also includes a backyard and is located at 1462 65th Street in Brooklyn, NY 11234. The home is described as being in good condition, with cosmetic renovation anticipated. The sale is subject to third-party approval.
The property also includes a backyard and is located at 1462 65th Street in Brooklyn, NY 11234. The home is described as being in good condition, with cosmetic renovation anticipated. The sale is subject to third-party approval.
Key Highlights
- Three‑bedroom semi‑detached duplex
- 1,368 square feet of property size
- Built in 1920
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
$47,910
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
6.85%
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%
$958,200
$958.2K
Cap Rate 7%
$684,429
$684.4K
Cap Rate 9%
$532,333
$532.3K
Market Conditions
NOI Build-Up for 1,368 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
$69.8K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$68.4K $50.03/SF
− OpEx
−$20.5K −$15.01/SF
NOI
$47.9K $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%
$958,200
Cap Rate 7%
$684,429
Cap Rate 9%
$532,333
Alternative Uses
Best Use
Multifamily LT 5
$684.4K
$598.9K – $798.5K
NOI $47,910 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$596.6K
$522.1K – $696.1K
NOI $41,764 @ 7.0% cap · market cap 5.97%
Theoretical Best
Specialty Retail
$1.13M
$991.1K – $1.32M
NOI $79,289 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,126
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 residential income property with a backyard, basement, and room for cosmetic updates.
Where is this duplex located?
The property is located at 1462 65th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three‑bedroom semi‑detached duplex; 1,368 square feet of property size; Built in 1920
