Detached Two-Family
For Sale
$2,298,000
1429 70th Street, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size2,150 SF
Lot Size0.09 Acres
Price / SF$1,068
Days on Market70
Property Features for 1429 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Bathroom 3
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
2,150 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8500
Amenities
summer kitchen
backyard
Building Details
Year built
1925
Number of units
2
Flooring type
Parquet Wood
Building materials
Brick, Wood Frame
Architectural style
Other
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Vincent Blandino
(718) 232-1004
Added: Aug 18
Changed: Oct 20
Last Checked: Oct 26 at 2:06AM
MLS# 503796
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.
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Investment Insights
Based on property information with market context.
This fully detached two-family property in Brooklyn occupies a 0.0918-acre lot and contains 2,150 square feet. The first-floor residence includes a three-bedroom layout, while the upper apartment is arranged as a duplex with an open flow and abundant natural light. A basement with its own front entry, summer kitchen, and backyard access provides additional functional space. The property also includes parquet wood flooring, a refrigerator, and a stove.
A private driveway leads to a detached two-car garage, with outdoor space extending beyond the building. Constructed in 1925 with brick and wood-frame materials, the property is located near public transportation, schools, places of worship, and shopping. It carries R5 zoning and is positioned at 1429 70th Street in Brooklyn, NY 11228.
A private driveway leads to a detached two-car garage, with outdoor space extending beyond the building. Constructed in 1925 with brick and wood-frame materials, the property is located near public transportation, schools, places of worship, and shopping. It carries R5 zoning and is positioned at 1429 70th Street in Brooklyn, NY 11228.
Key Highlights
- Fully detached two‑family property on a 0.0918‑acre lot
- 2,150 square feet with a three‑bedroom first‑floor layout
- Upper apartment configured as a duplex with natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,297
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,505,940
$1.5M
Cap Rate 7%
$1,075,671
$1.1M
Cap Rate 9%
$836,633
$836.6K
Market Conditions
NOI Build-Up for 2,150 SF
Gross rent
$109.7K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$107.6K $50.03/SF
− OpEx
−$32.3K −$15.01/SF
NOI
$75.3K $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%
$1,505,940
Cap Rate 7%
$1,075,671
Cap Rate 9%
$836,633
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$941.2K – $1.25M
NOI $75,297 @ 7.0% cap · market cap 3.28%
Second Best
Apartment 5plus
$937.7K
$820.5K – $1.09M
NOI $65,637 @ 7.0% cap · market cap 2.86%
Theoretical Best
Specialty Retail
$1.78M
$1.56M – $2.08M
NOI $124,614 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,643
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Private driveway, detached garage, and outdoor space add practical convenience to this multifamily property.
Where is this duplex located?
The property is located at 1429 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,298,000.
What are key features of this property?
This property features: Fully detached two‑family property on a 0.0918‑acre lot; 2,150 square feet with a three‑bedroom first‑floor layout; Upper apartment configured as a duplex with natural light
