Two-Family Brick Home For
For Sale
$1,100,000
Pending
1468 83rd St, Brooklyn, NY 11228
Three-story, two-family brick home in desirable Brooklyn neighborhood.
Property Size2,125 SF
Lot Size0.05 Acres
Days on Market203
Property Features for 1468 83rd St
General Information
Standard status
Pending
Size
2,125 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,574
Building Details
Building Size
2,125 SF
Year Built
1960
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Mar 24
Changed: Sep 26
Last Checked: Oct 11 at 8:15AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This three-story brick two-family home offers a solid structure and an excellent layout. The property features two spacious residential units, suitable for both end-users and investors. A built-in garage and private parking are included. The property is situated in a desirable neighborhood with proximity to shopping, schools, and public transportation. It offers strong income potential and long-term value.
Key Highlights
- Two spacious residential units ideal for end‑users or investors
- Desirable neighborhood close to shopping, schools, and public transportation
- Built‑in garage and private parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,421
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,488,420
$1.5M
Cap Rate 7%
$1,063,157
$1.1M
Cap Rate 9%
$826,900
$826.9K
Market Conditions
NOI Build-Up for 2,125 SF
Gross rent
$108.4K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$106.3K $50.03/SF
− OpEx
−$31.9K −$15.01/SF
NOI
$74.4K $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%
$1,488,420
Cap Rate 7%
$1,063,157
Cap Rate 9%
$826,900
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$930.3K – $1.24M
NOI $74,421 @ 7.0% cap · market cap 6.77%
Second Best
Apartment 5plus
$926.8K
$810.9K – $1.08M
NOI $64,874 @ 7.0% cap · market cap 5.90%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.05M
NOI $123,165 @ 7.0% cap · market cap 11.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,755
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-story, two-family brick home in desirable Brooklyn neighborhood.
Where is this duplex located?
The property is located at 1468 83rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two spacious residential units ideal for end‑users or investors; Desirable neighborhood close to shopping, schools, and public transportation; Built‑in garage and private parking
