Three-Bedroom
For Sale
$650,000
1565 E 49th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size868 SF
Lot Size0.05 Acres
Price / SF$748.85
Days on Market142
Property Features for 1565 E 49th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1
Interior features
A/C Unit, Refrigerator, Stove
Basement
Finished
Subdivision
Flatlands
Standard status
Active
Size
868 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5441
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood
Architectural style
Other
Listing Agency:
Paragon Real Estate
Listed By:
Michael Alexander
(718) 484-3611
Added: Apr 19
Changed: Sep 6
Last Checked: Sep 7 at 6:06PM
MLS# 500654
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes three bedrooms, one bathroom, a formal living room, a modern kitchen, and a finished basement that adds flexible interior space. Hardwood flooring, an A/C unit, refrigerator, and stove are included. The home was built in 1925 and occupies a 0.0497-acre lot, with a total property size of 868 square feet.
The property is located in Brooklyn, NY 11234, in the Flatlands area. It is situated near transportation and shopping, with a private backyard and a quiet, tree-lined setting. R3-2 zoning supports its residential classification.
The property is located in Brooklyn, NY 11234, in the Flatlands area. It is situated near transportation and shopping, with a private backyard and a quiet, tree-lined setting. R3-2 zoning supports its residential classification.
Key Highlights
- Duplex property with 3 bedrooms and 1 bathroom
- 868 square feet on a 0.0497‑acre lot
- R3‑2 zoning in Brooklyn, NY 11234
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
$30,399
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
4.68%
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%
$607,980
$608.0K
Cap Rate 7%
$434,271
$434.3K
Cap Rate 9%
$337,767
$337.8K
Market Conditions
NOI Build-Up for 868 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
$44.3K $51.00/SF
− Vacancy
−$841 −$0.97/SF
EGI
$43.4K $50.03/SF
− OpEx
−$13.0K −$15.01/SF
NOI
$30.4K $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 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%
$607,980
Cap Rate 7%
$434,271
Cap Rate 9%
$337,767
Alternative Uses
Best Use
Multifamily LT 5
$434.3K
$380.0K – $506.7K
NOI $30,399 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$378.6K
$331.2K – $441.7K
NOI $26,499 @ 7.0% cap · market cap 4.08%
Theoretical Best
Specialty Retail
$718.7K
$628.9K – $838.5K
NOI $50,309 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,777
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Residential property with hardwood flooring, updated bathroom, finished basement, and private backyard.
Where is this duplex located?
The property is located at 1565 E 49th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Duplex property with 3 bedrooms and 1 bathroom; 868 square feet on a 0.0497‑acre lot; R3‑2 zoning in Brooklyn, NY 11234
