Dyker Heights Detached Double-Duplex
For Sale
$6,495,000
1366 70th Street, Brooklyn, NY 11228
Newer construction 10-bedroom, 10-bathroom mansion in Dyker Heights.
Property Size6,279 SF
Lot Size0.09 Acres
Price / SF$1,034
Days on Market1796
Property Features for 1366 70th Street
General Information
Standard status
Active
Size
6,279 SF
Lot size
0.09 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$19,723
Building Details
Year Built
2005
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy E. Apter · License #BEA5721
(718) 532-2000
Source:
Exitrealty
Added: Nov 10, 2021
Changed: Oct 7
Last Checked: Oct 7 at 10:02AM
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 RE/MAX Real Estate Professiona
Investment Insights
Based on property information with market context.
This newer construction, custom-made, 4-story, fully detached double-duplex brick mansion is located in Dyker Heights. The property features 10 bedrooms and 10 bathrooms within over 6000 square feet of living space, situated on a 40x100 lot with a private driveway that accommodates 8 cars. The finished basement includes a home theater, sauna, jacuzzi, and steam room. Radiant heated floors are installed inside and outside. The property also features 3 custom granite kitchens, crystal chandeliers, and 3 master-bedroom suites. Wrap-around balconies offer views of the bridge. Mahogany staircases, central air, French doors, and detailed moldings are present throughout. The formal living room features a 19 ft ceiling. The property is situated on a block in a desirable Dyker Heights location, surrounded by amenities.
Key Highlights
- 10 Bedrooms and 10 Bathrooms with over 6000 SqFt of Luxurious Living Space
- 4‑Story Detached Double‑Duplex Mansion on a 40x100 Lot
- Private Driveway Parks 8 Cars**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,901
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,398,020
$4.4M
Cap Rate 7%
$3,141,443
$3.1M
Cap Rate 9%
$2,443,344
$2.4M
Market Conditions
NOI Build-Up for 6,279 SF
Gross rent
$320.2K $51.00/SF
− Vacancy
−$6.1K −$0.97/SF
EGI
$314.1K $50.03/SF
− OpEx
−$94.2K −$15.01/SF
NOI
$219.9K $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 Rate 5%
$4,398,020
Cap Rate 7%
$3,141,443
Cap Rate 9%
$2,443,344
Alternative Uses
Best Use
Multifamily LT 5
$3.14M
$2.75M – $3.67M
NOI $219,901 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$2.74M
$2.40M – $3.19M
NOI $191,691 @ 7.0% cap · market cap 2.95%
Theoretical Best
Specialty Retail
$5.20M
$4.55M – $6.07M
NOI $363,931 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,810
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Newer construction 10-bedroom, 10-bathroom mansion in Dyker Heights.
Where is this duplex located?
The property is located at 1366 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,495,000.
What are key features of this property?
This property features: 10 Bedrooms and 10 Bathrooms with over **6000 SqFt of Luxurious Living Space**; 4‑Story Detached Double‑Duplex Mansion on a 40x100 Lot; Private Driveway Parks 8 Cars**
