Brick Duplex With Private
New
For Sale
$750,000
2026 FORD St, Brooklyn, NY 11229
Legally configured for two-family use with a private patio, deeded parking space, and one-car garage.
Property Size1,224 SF
Days on Market3
Property Features for 2026 FORD St
General Information
Standard status
Active
Size
1,224 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$82,632
Amenities
front garden
private rear patio
in-home washer and dryer
hardwood floors
bay window
built-in bookshelves
skylight
Andersen wood windows
generous storage
Building Details
Building Size
1,224 SF
Year Built
1930
Buildings
1
Units
2
Construction
brick
Listing Agency:
Corcoran Group
Listed By:
Eliezer M Levi
(917) 770-7332
Source:
Elliman
Added: Sep 9
Changed: Sep 10
Last Checked: Sep 10 at 11:22AM
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 Corcoran Group
Investment Insights
Based on property information with market context.
This well-maintained brick duplex at 2026 Ford Street is legally configured as a two-family residence and is currently used as a one-family home. The layout includes three bedrooms, two full bathrooms, living and dining rooms, hardwood floors, a bay window, built-in bookshelves, a second-floor skylight, Andersen wood windows, an in-home washer and dryer, and substantial storage. The mechanical systems have been well maintained.
Outdoor features include a front garden, private rear patio, deeded private parking, and a one-car garage that also provides additional storage. Built in 1930, the property is in Homecrest near shops, restaurants, markets, neighborhood services, and transportation along Avenue U and nearby Sheepshead Bay. Access to the B and Q subway lines is available, and the location has a walk score of 84, transit score of 80, and bike score of 68.
Outdoor features include a front garden, private rear patio, deeded private parking, and a one-car garage that also provides additional storage. Built in 1930, the property is in Homecrest near shops, restaurants, markets, neighborhood services, and transportation along Avenue U and nearby Sheepshead Bay. Access to the B and Q subway lines is available, and the location has a walk score of 84, transit score of 80, and bike score of 68.
Key Highlights
- Legally configured as a two‑family residence; currently used as a one‑family home
- Three bedrooms and two full bathrooms with separate living and dining rooms
- Deeded private parking space plus a one‑car garage
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
$42,867
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
5.72%
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%
$857,340
$857.3K
Cap Rate 7%
$612,386
$612.4K
Cap Rate 9%
$476,300
$476.3K
Market Conditions
NOI Build-Up for 1,224 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
$62.4K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$61.2K $50.03/SF
− OpEx
−$18.4K −$15.01/SF
NOI
$42.9K $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%
$857,340
Cap Rate 7%
$612,386
Cap Rate 9%
$476,300
Alternative Uses
Best Use
Multifamily LT 5
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$533.8K
$467.1K – $622.8K
NOI $37,367 @ 7.0% cap · market cap 4.98%
Theoretical Best
Specialty Retail
$1.01M
$886.8K – $1.18M
NOI $70,943 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,998
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Legally configured for two-family use with a private patio, deeded parking space, and one-car garage.
Where is this duplex located?
The property is located at 2026 FORD St Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Legally configured as a two‑family residence; currently used as a one‑family home; Three bedrooms and two full bathrooms with separate living and dining rooms; Deeded private parking space plus a one‑car garage
