Detached Brick Duplex
For Sale
$6,495,000
1366 70th Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size6,279 SF
Lot Size0.09 Acres
Price / SF$1,034
Days on Market1811
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
Bathroom 8, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 9, Bedroom 4, Bedroom 7, Bedroom 1, Bathroom 3, Bathroom 4, Bathroom 10, Bedroom 8, Bedroom 3, Bathroom 2, Bathroom 7, Bathroom 6, Bathroom 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
steamroom
radiant heated floors
custom granite kitchens
crystal chandeliers
wrap-around balconies
mahogany staircases
central air
french doors
detailed moldings
formal living room with 19 ft ceiling
Building Details
Year built
2005
Floors in Building
4
Number of units
2
Flooring type
Ceramic, Hardwood, Granite
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(347) 721-6599
Added: Oct 18, 2021
Changed: Sep 17
Last Checked: Oct 2 at 7:06AM
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.
This fully detached brick two-family property was built in 2005 and contains 6,279 square feet across four stories. The layout includes 10 bedrooms and 10 bathrooms, three kitchens, three primary bedroom suites, a formal living room with a 19-foot ceiling, and a finished basement with a home theater, sauna, jacuzzi, and steam room. Additional features include central air, radiant heated floors, mahogany staircases, granite, ceramic, and hardwood finishes, plus wrap-around balconies, a porch, patio, and terrace.
The property sits on a 0.0918-acre lot measuring 40 by 100 feet at 1366 70th Street in Brooklyn, NY 11228. A private driveway provides parking for 8 cars. The property is zoned R5B and includes appliances, laundry facilities, French doors, window treatments, and a flat roof.
The property sits on a 0.0918-acre lot measuring 40 by 100 feet at 1366 70th Street in Brooklyn, NY 11228. A private driveway provides parking for 8 cars. The property is zoned R5B and includes appliances, laundry facilities, French doors, window treatments, and a flat roof.
Key Highlights
- 6,279‑square‑foot, four‑story detached brick two‑family property
- 10 bedrooms and 10 bathrooms with three kitchens
- Finished basement with home theater, sauna, jacuzzi, and steam room
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
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Current Use
Lease Details
2
Residential units
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
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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 - Four-story two-family residence with central air, multiple kitchens, private outdoor spaces, and a finished basement with wellness amenities.
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: 6,279‑square‑foot, four‑story detached brick two‑family property; 10 bedrooms and 10 bathrooms with three kitchens; Finished basement with home theater, sauna, jacuzzi, and steam room
