Two-Family Brick
For Sale
$1,498,000
1581 74th St, Brooklyn, NY 11228
Brick two-family property with a flexible layout near transit, shopping, schools, parks, and neighborhood services.
Property Size2,640 SF
Days on Market55
Property Features for 1581 74th St
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,816
Building Details
Building Size
2,640 SF
Year Built
1935
Stories
2
Listing Agency:
Grandeur Realty, Inc.
Listed By:
Hui L. (Nancy) Feng
(917) 810-3870
Source:
Elliman
Added: Sep 4
Changed: Oct 25
Last Checked: Oct 26 at 4:49PM
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 Grandeur Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 1581 74th St in Brooklyn, this two-family brick property was built in 1935 and measures approximately 20' x 48'. Its configuration provides separate residential areas within a substantial building footprint, supporting a range of owner-occupant, multigenerational, or rental-use arrangements described for the property.
Transit access is a central feature of the location. The 71st Street D train station is 3 blocks away, while the B4 bus stop is 1 block away. The property is also near neighborhood shopping, restaurants, supermarkets, schools, parks, and daily services. Walk Score is 95, Transit Score is 82, and Bike Score is 56.
Transit access is a central feature of the location. The 71st Street D train station is 3 blocks away, while the B4 bus stop is 1 block away. The property is also near neighborhood shopping, restaurants, supermarkets, schools, parks, and daily services. Walk Score is 95, Transit Score is 82, and Bike Score is 56.
Key Highlights
- Two‑family brick property built in 1935
- 20' x 48' building footprint
- 71st Street D train station 3 blocks away
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,457
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,849,140
$1.8M
Cap Rate 7%
$1,320,814
$1.3M
Cap Rate 9%
$1,027,300
$1.0M
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$134.6K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$132.1K $50.03/SF
− OpEx
−$39.6K −$15.01/SF
NOI
$92.5K $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%
$1,849,140
Cap Rate 7%
$1,320,814
Cap Rate 9%
$1,027,300
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,457 @ 7.0% cap · market cap 6.17%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,596 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $153,014 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,866
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick two-family property with a flexible layout near transit, shopping, schools, parks, and neighborhood services.
Where is this duplex located?
The property is located at 1581 74th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Two‑family brick property built in 1935; 20' x 48' building footprint; 71st Street D train station 3 blocks away
