Attached Two-Family
For Sale
$1,390,000
1540 64th Street, Brooklyn, NY 11219
Well-maintained attached two-family home with a first-floor unit and spacious upper duplex, totaling 5 bedrooms and 3 baths.
Property Size1,836 SF
Lot Size0.04 Acres
Days on Market62
Property Features for 1540 64th Street
General Information
Standard status
Active
Size
1,836 SF
Lot size
0.04 Acres
Property subtype
Multi Family Home
Zoning
R5
Additional Details
Multifamily Units
2
Building Details
Building Size
1,836 SF
Year Built
1945
Stories
3
Listing Agency:
Re/Max Real Estate Professiona
(718) 872-5522
Listed By:
Yan Jin (Eva) Ye · License #YJY2488
(917) 708-9966
Source:
Excellchoicerealty
Added: Jul 9
Changed: Sep 8
Last Checked: Sep 8 at 6:01AM
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 Re/Max Real Estate Professiona
Investment Insights
Based on property information with market context.
Well-maintained attached two-family home featuring a first-floor unit and a spacious duplex on the upper levels. The property totals 5 bedrooms and 3 bathrooms, with a building size of 18x34 on an 18x100 lot. A private driveway provides dedicated on-site access.
Conveniently positioned near shopping, restaurants, schools, parks, and public transportation, supporting day-to-day accessibility for residents. WalkScore and transitScore data indicate strong walkability and excellent transit connectivity.
The layout is suited to separate living arrangements, with the first-floor unit distinct from the upper duplex configuration.
Conveniently positioned near shopping, restaurants, schools, parks, and public transportation, supporting day-to-day accessibility for residents. WalkScore and transitScore data indicate strong walkability and excellent transit connectivity.
The layout is suited to separate living arrangements, with the first-floor unit distinct from the upper duplex configuration.
Key Highlights
- Well‑maintained attached two‑family home built in 1945
- Two‑family layout with a first‑floor unit plus a spacious upper duplex
- Total of 5 bedrooms and 3 bathrooms across the home
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
$53,022
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
3.81%
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%
$1,060,440
$1.1M
Cap Rate 7%
$757,457
$757.5K
Cap Rate 9%
$589,133
$589.1K
Market Conditions
NOI Build-Up for 1,836 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
$79.3K $43.20/SF
− Vacancy
−$3.6K −$1.94/SF
EGI
$75.7K $41.26/SF
− OpEx
−$22.7K −$12.38/SF
NOI
$53.0K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,060,440
Cap Rate 7%
$757,457
Cap Rate 9%
$589,133
Alternative Uses
Best Use
Multifamily LT 5
$757.5K
$662.8K – $883.7K
NOI $53,022 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$679.9K
$595.0K – $793.3K
NOI $47,596 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,316 @ 7.0% cap · market cap 5.99%
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
4,356
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
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 - Well-maintained attached two-family home with a first-floor unit and spacious upper duplex, totaling 5 bedrooms and 3 baths.
Where is this duplex located?
The property is located at 1540 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Well‑maintained attached two‑family home built in 1945; Two‑family layout with a first‑floor unit plus a spacious upper duplex; Total of 5 bedrooms and 3 bathrooms across the home
