Detached Brick
For Sale
$6,495,000
1366 70th Street, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size6,279 SF
Lot Size0.09 Acres
Price / SF$1,034
Days on Market1763
Property Features for 1366 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
8
Bathrooms
10
Full bathrooms
7
Half bathrooms
3
Rooms
Bedroom 3, Bathroom 8, Bathroom 1, Bathroom 6, Bathroom 4, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 9, Bathroom 2, Bathroom 10, Bedroom 6, Bedroom 8, Bedroom 4, Bathroom 5, Bathroom 3, Bathroom 7, Bedroom 5
Patio and Porch features
Patio, Porch
Interior features
Central Air, Dishwasher, Disposal, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
6,279 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
19723
Amenities
finished basement
home theater
sauna
jacuzzi
steam room
radiant heated floors
granite kitchens
chandeliers
master suites
wrap-around balconies
mahogany staircases
central air
french doors
moldings
formal living room with 19 ft ceiling
Building Details
Year built
2005
Floors in Building
4
Number of units
2
Flooring type
Hardwood, Ceramic, Granite
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Added: Oct 18, 2021
Changed: Aug 5
Last Checked: Aug 15 at 4:06PM
MLS# 456465
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Detached brick double-duplex featuring a four-story, fully detached configuration on a 0.0918-acre lot. The property includes approximately 6,279 square feet built in 2005, with a flat roof and central air. Interior finishes include granite, hardwood, and ceramic flooring.
The home is described as having 10 bedrooms and 10 bathrooms, along with a finished basement that includes home theater, sauna, jacuzzi, and steam room. Additional stated features include radiant heated floors inside and out, multiple custom kitchens, wrap-around balconies, mahogany staircases, French doors, fine detailed moldings, and a formal living room with a 19 ft ceiling. Outdoor amenities noted include a private driveway, patio, porch, terrace, and a patio garden.
Interior finishes and conveniences listed include window treatments and appliances such as dishwasher, disposal, microwave, refrigerator, stove, washer, and dryer. The private driveway is stated to park 8 cars.
The home is described as having 10 bedrooms and 10 bathrooms, along with a finished basement that includes home theater, sauna, jacuzzi, and steam room. Additional stated features include radiant heated floors inside and out, multiple custom kitchens, wrap-around balconies, mahogany staircases, French doors, fine detailed moldings, and a formal living room with a 19 ft ceiling. Outdoor amenities noted include a private driveway, patio, porch, terrace, and a patio garden.
Interior finishes and conveniences listed include window treatments and appliances such as dishwasher, disposal, microwave, refrigerator, stove, washer, and dryer. The private driveway is stated to park 8 cars.
Key Highlights
- Four‑story, fully detached brick double‑duplex built in 2005
- 10 bedrooms and 10 bathrooms
- Approx. 6,279 SF with flat roof
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
$219,901
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
3.39%
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%
$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
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
$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 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%
$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
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,381
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
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 - R5B zoned double-duplex with central air and multiple outdoor living spaces, built in 2005.
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: Four‑story, fully detached brick double‑duplex built in 2005; 10 bedrooms and 10 bathrooms; Approx. 6,279 SF with flat roof
