Brick Two-Family
For Sale
$1,498,000
1581 74th Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size2,640 SF
Lot Size0.05 Acres
Price / SF$567.42
Days on Market54
Property Features for 1581 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 7, Bedroom 1, Bedroom 8, Bedroom 2, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 9
Parking features
Garage
Interior features
Refrigerator, Stove
Subdivision
Bensonhurst
Standard status
Active
Size
2,640 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
10816
Building Details
Year built
1935
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Grandeur Realty, Inc.
Listed By:
Hui L. (Nancy) Feng
(917) 810-3870
Added: Sep 3
Changed: Oct 21
Last Checked: Oct 26 at 6:06PM
MLS# 504261
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.
Built in 1935, this 2,640-square-foot brick duplex occupies a 0.0459-acre lot and offers a two-family residential layout. The 20-foot by 48-foot building includes nine bedrooms and three bathrooms, with hardwood flooring, a flat roof, refrigerator, and stove. Garage parking is also provided.
The property is zoned R5 and located at 1581 74th Street in Brooklyn, NY 11228. Transit options include the 71st Street D train station and B4 bus service. Shopping, restaurants, supermarkets, schools, and parks are situated in the surrounding area.
The property is zoned R5 and located at 1581 74th Street in Brooklyn, NY 11228. Transit options include the 71st Street D train station and B4 bus service. Shopping, restaurants, supermarkets, schools, and parks are situated in the surrounding area.
Key Highlights
- Two‑family duplex with 9 bedrooms and 3 bathrooms
- 2,640‑square‑foot brick building on a 0.0459‑acre lot
- 20‑foot by 48‑foot building footprint
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,866
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with hardwood flooring, kitchen appliances, and an attached garage.
Where is this duplex located?
The property is located at 1581 74th Street 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 duplex with 9 bedrooms and 3 bathrooms; 2,640‑square‑foot brick building on a 0.0459‑acre lot; 20‑foot by 48‑foot building footprint
