Two-Family Duplex With
New
For Sale
$1,848,000
1580 74th St, Brooklyn, NY 11228
Two two-bedroom apartments are complemented by a finished basement with a separate entrance and backyard access.
Property Size2,340 SF
Days on Market3
Property Features for 1580 74th St
General Information
Standard status
Active
Size
2,340 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,354
Amenities
in-unit washer/dryer
private backyard
Building Details
Building Size
2,340 SF
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
Jabour Realty Company
Listed By:
Danielle Jabour
(718) 748-1800
Source:
Elliman
Added: Oct 16
Changed: Oct 17
Last Checked: Oct 16 at 2:19PM
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 Jabour Realty Company
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Investment Insights
Based on property information with market context.
This two-family duplex, built in 1950, contains two two-bedroom apartments. Each apartment has a kitchen and full bathroom; the first-floor unit also includes an in-unit washer and dryer and access to the private backyard. A finished basement adds two rooms, a full bathroom, a separate entrance at the front, and another route to the backyard. A two-car garage provides off-street parking.
The property is on 74th Street in Brooklyn, near Bensonhurst and Dyker Heights. The surrounding area includes shopping, restaurants, and neighborhood services, with transportation connections toward Manhattan and other destinations.
The property is on 74th Street in Brooklyn, near Bensonhurst and Dyker Heights. The surrounding area includes shopping, restaurants, and neighborhood services, with transportation connections toward Manhattan and other destinations.
Key Highlights
- Two two‑bedroom apartments, each with a kitchen and full bathroom
- Finished basement with two rooms, a full bathroom, separate front entrance, and backyard access
- Two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,951
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,639,020
$1.6M
Cap Rate 7%
$1,170,729
$1.2M
Cap Rate 9%
$910,567
$910.6K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$119.3K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$117.1K $50.03/SF
− OpEx
−$35.1K −$15.01/SF
NOI
$82.0K $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%
$1,639,020
Cap Rate 7%
$1,170,729
Cap Rate 9%
$910,567
Alternative Uses
Best Use
Multifamily LT 5
$1.17M
$1.02M – $1.37M
NOI $81,951 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$1.02M
$893.0K – $1.19M
NOI $71,438 @ 7.0% cap · market cap 3.87%
Theoretical Best
Specialty Retail
$1.94M
$1.70M – $2.26M
NOI $135,626 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,772
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two two-bedroom apartments are complemented by a finished basement with a separate entrance and backyard access.
Where is this duplex located?
The property is located at 1580 74th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,848,000.
What are key features of this property?
This property features: Two two‑bedroom apartments, each with a kitchen and full bathroom; Finished basement with two rooms, a full bathroom, separate front entrance, and backyard access; Two‑car garage
