Attached Two-Family
New
For Sale
$1,700,000
148 Hopkins St, Brooklyn, NY 11206
The property includes a private driveway, backyard, and finished basement with two egresses.
Property Size2,916 SF
Days on Market2
Property Features for 148 Hopkins St
General Information
Standard status
Active
Size
2,916 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,873
Building Details
Building Size
2,916 SF
Year Built
1994
Buildings
1
Stories
2
Listing Agency:
Brooklyn Real Property Inc.
Listed By:
Alessandro Marra
(718) 272-8988
Source:
Elliman
Added: Sep 11
Last Checked: Sep 11 at 2:43PM
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 Brooklyn Real Property Inc.
Investment Insights
Based on property information with market context.
This attached two-family residence, built in 1994, offers a 3 bedroom apartment with a formal living room and balcony, along with a 2 and 1/2 bedroom apartment. The home also includes a fully finished basement with 2 egresses, a private driveway, and a private backyard.
Located in Bedford Stuyvesant, the property is near shopping, places of worship, and a hospital. The G, J, and M trains, along with multiple bus routes, provide transit connections, and Manhattan is less than 30 mins away. The property has a bikeScore of 98, a walkScore of 98, and a transitScore of 90.
Located in Bedford Stuyvesant, the property is near shopping, places of worship, and a hospital. The G, J, and M trains, along with multiple bus routes, provide transit connections, and Manhattan is less than 30 mins away. The property has a bikeScore of 98, a walkScore of 98, and a transitScore of 90.
Key Highlights
- Two‑family attached house built in 1994
- 3 bedroom apartment with formal living room and balcony
- 2 and 1/2 bedroom second apartment
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
$102,123
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
6.01%
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%
$2,042,460
$2.0M
Cap Rate 7%
$1,458,900
$1.5M
Cap Rate 9%
$1,134,700
$1.1M
Market Conditions
NOI Build-Up for 2,916 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
$148.7K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$145.9K $50.03/SF
− OpEx
−$43.8K −$15.01/SF
NOI
$102.1K $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%
$2,042,460
Cap Rate 7%
$1,458,900
Cap Rate 9%
$1,134,700
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,123 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $89,022 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.82M
NOI $169,011 @ 7.0% cap · market cap 9.94%
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
6,121
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
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 - The property includes a private driveway, backyard, and finished basement with two egresses.
Where is this duplex located?
The property is located at 148 Hopkins St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑family attached house built in 1994; 3 bedroom apartment with formal living room and balcony; 2 and 1/2 bedroom second apartment
