1581 74th Street Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
- Added:
- Feb 9, 2026
- Days on Market:
- 153
- Last Refresh:
- Jul 12 at 9:06 pm
Property Features for 1581 74th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 6, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 4
- Parking features
- Garage
- Interior features
- Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,960 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10816
Building Details
- Year built
- 1935
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Hui Bin (Sky) Wu (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Feb 9, 2026
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.
Located at 1581 74th Street in Brooklyn, NY 11228 on a 20’ x 100’ lot, with the building footprint measuring 20’ x 52’. The property is zoned R5 and includes a private drive and a built-in garage.
For buyers seeking a residential income property, the configuration supports two separate living units with separate bedroom and bathroom counts, while the finished basement can complement either unit’s storage or living needs. The private drive and built-in garage accommodate 2 parking spaces, which can be a practical advantage for tenant use and day-to-day access.
Key Highlights
- Well‑maintained 3‑story attached 2‑family with approx. 2,960 SF
- 6 bedrooms and 3 full baths; 9 total rooms across the home
- Finished basement with open space and high ceilings for flexible use
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $151.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $148.1k | $50.03 |
| − OpEx | −$44.4k | −$15.01 |
| NOI | $103.7k | $35.02 |
