Move-In Ready Two-Family
For Sale
$1,100,000
Pending
1722 W 10th St, Brooklyn, NY 11223
Two-family layout with separate street entrance to a finished basement and a private backyard.
Property Size1,448 SF
Days on Market185
Property Features for 1722 W 10th St
General Information
Standard status
Pending
Size
1,448 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,678
Building Details
Building Size
1,448 SF
Year Built
1915
Stories
2
Tenancy
Multi
Listing Agency:
REMAX EDGE
Listed By:
ChaoHui Andrew Chen · License #CAC7832
(718) 612-3088
Source:
Elliman
Added: Apr 28
Changed: Oct 28
Last Checked: Oct 28 at 8:44AM
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 REMAX EDGE
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Investment Insights
Based on property information with market context.
This move-in ready two-family home offers two distinct units with separate living areas. The first floor includes one bedroom, a kitchen, a bathroom, and a living room. The second floor features two bedrooms, a living room, a kitchen, and a bathroom. A finished basement adds additional usable space, including a full bathroom, along with a separate entrance to the street and access to a backyard.
The property is described as being in the center of Gravesend and close to everything. Transit access is rated as excellent, and walkability is described as very high, with the area also noted as bikeable.
Full possession is available at closing.
The property is described as being in the center of Gravesend and close to everything. Transit access is rated as excellent, and walkability is described as very high, with the area also noted as bikeable.
Full possession is available at closing.
Key Highlights
- Move‑in ready two‑family home with 1915 build year
- First floor: 1 bedroom, kitchen, bathroom, and living room
- Second floor: 2 bedrooms plus living room, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,711
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,220
$1.0M
Cap Rate 7%
$724,443
$724.4K
Cap Rate 9%
$563,456
$563.5K
Market Conditions
NOI Build-Up for 1,448 SF
Gross rent
$73.8K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.4K $50.03/SF
− OpEx
−$21.7K −$15.01/SF
NOI
$50.7K $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%
$1,014,220
Cap Rate 7%
$724,443
Cap Rate 9%
$563,456
Alternative Uses
Best Use
Multifamily LT 5
$724.4K
$633.9K – $845.2K
NOI $50,711 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$631.5K
$552.6K – $736.8K
NOI $44,206 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $83,926 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,202
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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-family layout with separate street entrance to a finished basement and a private backyard.
Where is this duplex located?
The property is located at 1722 W 10th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Move‑in ready two‑family home with 1915 build year; First floor: 1 bedroom, kitchen, bathroom, and living room; Second floor: 2 bedrooms plus living room, kitchen, and bathroom
