Detached Legal Brick
For Sale
$1,950,000
1430 70th St, Brooklyn, NY 11228
Well-maintained quadplex with split-unit air conditioning and a half-finished basement with private entrance.
Property Size2,940 SF
Days on Market63
Property Features for 1430 70th St
General Information
Standard status
Active
Size
2,940 SF
Property subtype
Investment
Zoning
R5
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,630
Building Details
Building Size
2,940 SF
Year Built
1930
Units
3
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Xiao Feng Pan CBR · License #31PA0929296
(718) 899-7000
Source:
Elliman
Added: Jul 1
Changed: Aug 23
Last Checked: Aug 31 at 3:58PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This well-maintained detached, legal 3-dwelling brick property includes an additional unit, configured as two 2-bedroom units and two 3-bedroom units. Each unit features a spacious living room and a full bathroom. The building measures approximately 20’ x 49’, and includes a half-finished basement with a separate private entrance. Split-unit air conditioning systems are installed throughout, supporting year-round comfort across the rental units.
The property sits on an oversized 30’ x 100’ lot. It is located in an R5 zoning district and is described as being convenient to shopping, restaurants, schools, parks, and public transportation.
For investors or owner-operators, the layout provides four residential units with separate living spaces and in-unit climate control via split systems. The half-finished basement with its own entrance can also support practical day-to-day access for tenants while keeping the main unit entries distinct. Overall, this is a straightforward brick quadplex offering a clear mix of 2-bedroom and 3-bedroom floorplans within a residentially zoned setting.
The property sits on an oversized 30’ x 100’ lot. It is located in an R5 zoning district and is described as being convenient to shopping, restaurants, schools, parks, and public transportation.
For investors or owner-operators, the layout provides four residential units with separate living spaces and in-unit climate control via split systems. The half-finished basement with its own entrance can also support practical day-to-day access for tenants while keeping the main unit entries distinct. Overall, this is a straightforward brick quadplex offering a clear mix of 2-bedroom and 3-bedroom floorplans within a residentially zoned setting.
Key Highlights
- 1930 well‑maintained detached brick quadplex (legal 3‑dwelling property with an additional unit) on a 30’ x 100’ lot
- Unit mix: two 2‑bedroom units and two 3‑bedroom units, each with spacious living room and full bathroom
- Split‑unit air conditioning systems throughout
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
$102,964
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
5.28%
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%
$2,059,280
$2.1M
Cap Rate 7%
$1,470,914
$1.5M
Cap Rate 9%
$1,144,044
$1.1M
Market Conditions
NOI Build-Up for 2,940 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
$149.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$147.1K $50.03/SF
− OpEx
−$44.1K −$15.01/SF
NOI
$103.0K $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%
$2,059,280
Cap Rate 7%
$1,470,914
Cap Rate 9%
$1,144,044
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $102,964 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,755 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.84M
NOI $170,402 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,351
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with split-unit air conditioning and a half-finished basement with private entrance.
Where is this quadplex located?
The property is located at 1430 70th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1930 well‑maintained detached brick quadplex (legal 3‑dwelling property with an additional unit) on a 30’ x 100’ lot; Unit mix: two 2‑bedroom units and two 3‑bedroom units, each with spacious living room and full bathroom; Split‑unit air conditioning systems throughout
