Two-Family Home with Separate-Entry
New
For Sale
$1,380,000
1659 Benson Ave, Brooklyn, NY 11214
The property will be delivered vacant at closing, with a basement accessible through its own entrance.
Property Size2,048 SF
Days on Market2
Property Features for 1659 Benson Ave
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,473
Building Details
Building Size
2,048 SF
Year Built
1910
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Yifei (Eric) Zhao
(917) 708-9966
Source:
Elliman
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 21 at 2:05AM
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 Tiger Realty
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Investment Insights
Based on property information with market context.
This two-family home includes a basement with a separate entrance and is scheduled to be delivered vacant at closing. The residence was built in 1910.
Across from P.S. 748 Brooklyn School for Global Scholars, the property is near the 18th Avenue D train station and the 86th Street shopping district. Nearby amenities include supermarkets, restaurants, and public transportation. The area has a Walk Score of 95, Transit Score of 75, and Bike Score of 56.
Across from P.S. 748 Brooklyn School for Global Scholars, the property is near the 18th Avenue D train station and the 86th Street shopping district. Nearby amenities include supermarkets, restaurants, and public transportation. The area has a Walk Score of 95, Transit Score of 75, and Bike Score of 56.
Key Highlights
- Two‑family property
- Basement with separate entrance
- Delivered vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,859
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,180
$1.1M
Cap Rate 7%
$797,986
$798.0K
Cap Rate 9%
$620,656
$620.7K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$83.6K $40.80/SF
− Vacancy
−$3.8K −$1.84/SF
EGI
$79.8K $38.96/SF
− OpEx
−$23.9K −$11.69/SF
NOI
$55.9K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,117,180
Cap Rate 7%
$797,986
Cap Rate 9%
$620,656
Alternative Uses
Best Use
Multifamily LT 5
$798.0K
$698.2K – $931.0K
NOI $55,859 @ 7.0% cap · market cap 4.05%
Second Best
Apartment 5plus
$715.2K
$625.8K – $834.4K
NOI $50,062 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$1.19M
$1.05M – $1.39M
NOI $83,629 @ 7.0% cap · market cap 6.06%
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
3,492
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - The property will be delivered vacant at closing, with a basement accessible through its own entrance.
Where is this duplex located?
The property is located at 1659 Benson Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Two‑family property; Basement with separate entrance; Delivered vacant at closing
