Brick Two-Family
For Sale
$1,380,000
1557 64th Street, Brooklyn, NY 11219
Three-bedroom layouts span both primary floors, with a finished basement, separate entry, and backyard access.
Property Size1,616 SF
Days on Market52
Property Features for 1557 64th Street
General Information
Standard status
Active
Size
1,616 SF
Property subtype
Multi Family Home
Zoning
R5
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Building Details
Building Size
1,616 SF
Year Built
1930
Stories
2
Construction
brick
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
Tian Xin Sit Xue
(718) 680-2776
Source:
Kirinny
Added: Jul 10
Changed: Aug 29
Last Checked: Aug 29 at 4:40PM
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 E House Realty & Mgt. Inc.
Investment Insights
Based on property information with market context.
This two-family brick residence includes a three-bedroom, one-bath layout on each of the first and second floors. The fully finished basement has its own front entrance and connects to the backyard, adding flexible usable space. Built in 1930, the property is described as well maintained and will be delivered vacant at closing.
The home is located in Bensonhurst between 15th Avenue and 64th Street, with shopping and nearby D/N train service. R5 zoning supports the property’s residential classification.
The home is located in Bensonhurst between 15th Avenue and 64th Street, with shopping and nearby D/N train service. R5 zoning supports the property’s residential classification.
Key Highlights
- Two‑family brick residence with three bedrooms and one full bathroom on each of the first and second floors
- Fully finished basement with separate front entrance and backyard access
- Delivered vacant at closing
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
$46,669
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
3.38%
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%
$933,380
$933.4K
Cap Rate 7%
$666,700
$666.7K
Cap Rate 9%
$518,544
$518.5K
Market Conditions
NOI Build-Up for 1,616 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
$69.8K $43.20/SF
− Vacancy
−$3.1K −$1.94/SF
EGI
$66.7K $41.26/SF
− OpEx
−$20.0K −$12.38/SF
NOI
$46.7K $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%
$933,380
Cap Rate 7%
$666,700
Cap Rate 9%
$518,544
Alternative Uses
Best Use
Multifamily LT 5
$666.7K
$583.4K – $777.8K
NOI $46,669 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$598.5K
$523.7K – $698.2K
NOI $41,892 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.31%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom layouts span both primary floors, with a finished basement, separate entry, and backyard access.
Where is this duplex located?
The property is located at 1557 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Two‑family brick residence with three bedrooms and one full bathroom on each of the first and second floors; Fully finished basement with separate front entrance and backyard access; Delivered vacant at closing
