Two-Family Duplex with
New
For Sale
$1,848,000
1580 74th Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size2,340 SF
Lot Size0.06 Acres
Price / SF$789.74
Days on Market4
Property Features for 1580 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Parking features
Garage - Attached
Interior features
Dishwasher, Dryer, Microwave, Washer
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,340 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
11354
Amenities
in-unit washer/dryer
private backyard
Building Details
Year built
1950
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Jabour Realty Company
Listed By:
Danielle Jabour
(718) 748-1800
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 17 at 4:06PM
MLS# 505328
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.
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Investment Insights
Based on property information with market context.
This brick two-family property contains two apartments, each with two bedrooms. The first-floor unit connects to the backyard and includes a washer and dryer. A finished basement adds two rooms, a full bathroom, a separate entrance from the front, and backyard access. An attached garage accommodates two cars.
The property at 1580 74th Street in Brooklyn sits on a 0.0612-acre lot and contains 2,340 square feet. Built in 1950, it is zoned R5. The layout includes separate living spaces alongside additional finished basement area.
The property at 1580 74th Street in Brooklyn sits on a 0.0612-acre lot and contains 2,340 square feet. Built in 1950, it is zoned R5. The layout includes separate living spaces alongside additional finished basement area.
Key Highlights
- Two apartments, each with two bedrooms
- Finished basement with two rooms, a full bathroom, separate front entrance, and backyard access
- Attached garage with space for two cars
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
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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 separate two-bedroom apartments are complemented by a finished basement with its own entrance and bathroom.
Where is this duplex located?
The property is located at 1580 74th Street 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 apartments, each with two bedrooms; Finished basement with two rooms, a full bathroom, separate front entrance, and backyard access; Attached garage with space for two cars
