Brick Duplex with Garden
New
For Sale
$869,000
143 Newport Street, Brooklyn, NY 11212
MULTI_FAMILY - Brooklyn, NY
Property Size2,550 SF
Lot Size0.04 Acres
Price / SF$340.78
Days on Market4
Property Features for 143 Newport Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 3, Bedroom 6, Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 5
Interior features
Refrigerator, Stove
Subdivision
Brownsville
Standard status
Active
Size
2,550 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
8503
Building Details
Year built
2004
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Excell Choice Realty
(718) 705-4646
Listed By:
Jeloni Cunningham
(718) 705-4646
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 16 at 3:06PM
MLS# 503783
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 2,550-square-foot two-family brick residence, built in 2004, combines an upper-level duplex with a separate garden-level apartment. The upper home includes hardwood flooring, an open living and dining area, four bedrooms, a half bath, two full baths, a primary suite with private bath and storage, and a washer/dryer hookup. The lower unit provides three bedrooms, a full bath, and substantial closet space. A private backyard and parking add to the property’s practical features, while the interior includes a refrigerator and stove.
Located at 143 Newport Street in Brooklyn, the property is near the (3) train and nearby bus routes. The 0.0422-acre lot is zoned R6 and includes a flat roof. The separate layouts and seven total bedrooms support flexible two-family occupancy, subject to applicable requirements.
Located at 143 Newport Street in Brooklyn, the property is near the (3) train and nearby bus routes. The 0.0422-acre lot is zoned R6 and includes a flat roof. The separate layouts and seven total bedrooms support flexible two-family occupancy, subject to applicable requirements.
Key Highlights
- 2,550 square feet across an upper duplex and separate garden‑level unit
- 0.0422‑acre lot with R6 zoning
- Seven‑bedroom two‑family configuration
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
$77,849
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
8.96%
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%
$1,556,980
$1.6M
Cap Rate 7%
$1,112,129
$1.1M
Cap Rate 9%
$864,989
$865.0K
Market Conditions
NOI Build-Up for 2,550 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
$144.4K $56.64/SF
− Vacancy
−$2.9K −$1.13/SF
EGI
$141.5K $55.51/SF
− OpEx
−$63.7K −$24.98/SF
NOI
$77.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,556,980
Cap Rate 7%
$1,112,129
Cap Rate 9%
$864,989
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,305 @ 7.0% cap · market cap 10.28%
Second Best
Apartment 5plus
$1.11M
$973.1K – $1.30M
NOI $77,849 @ 7.0% cap · market cap 8.96%
Theoretical Best
Specialty Retail
$2.11M
$1.85M – $2.46M
NOI $147,798 @ 7.0% cap · market cap 17.01%
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
2,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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 - Two-family brick residence with a separate garden-level apartment, private outdoor space, parking, and transit access.
Where is this duplex located?
The property is located at 143 Newport Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: 2,550 square feet across an upper duplex and separate garden‑level unit; 0.0422‑acre lot with R6 zoning; Seven‑bedroom two‑family configuration
