Two-Family Duplex with Renovated
For Sale
$1,388,000
1742 70th Street, Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
Property Size1,768 SF
Lot Size0.05 Acres
Price / SF$785.07
Days on Market18
Property Features for 1742 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
1,768 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8018
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
Momentum Real Estate LLC
(718) 382-0001
Listed By:
Meijuan (Minnie) Lin · License #MJL6058
(718) 382-0001
Added: Jul 27
Changed: Aug 3
Last Checked: Aug 13 at 12:06PM
MLS# 503325
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.
1742 70th Street presents a two-family duplex on a 0.0459-acre lot, built in 1920 with wood-frame construction and a flat roof. The home offers hardwood flooring and a finished basement that has been completely renovated.
The main duplex spans the first and second floors and includes three bedrooms and one full bathroom. The second unit is located at the rear of the home and features one bedroom and one full bathroom.
Located in Brooklyn (11204), the property is minutes from the D and N subway lines and served by B8 bus service. It’s also positioned close to shopping, supermarkets, restaurants, schools, and everyday conveniences.
The main duplex spans the first and second floors and includes three bedrooms and one full bathroom. The second unit is located at the rear of the home and features one bedroom and one full bathroom.
Located in Brooklyn (11204), the property is minutes from the D and N subway lines and served by B8 bus service. It’s also positioned close to shopping, supermarkets, restaurants, schools, and everyday conveniences.
Key Highlights
- Main duplex spans first and second floors with 3 bedrooms and 1 full bathroom
- Rear unit offers 1 bedroom and 1 full bathroom
- Fully finished basement completely renovated
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,918
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,238,360
$1.2M
Cap Rate 7%
$884,543
$884.5K
Cap Rate 9%
$687,978
$688.0K
Market Conditions
NOI Build-Up for 1,768 SF
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.
Gross rent
$90.2K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$88.5K $50.03/SF
− OpEx
−$26.5K −$15.01/SF
NOI
$61.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,238,360
Cap Rate 7%
$884,543
Cap Rate 9%
$687,978
Alternative Uses
Best Use
Multifamily LT 5
$884.5K
$774.0K – $1.03M
NOI $61,918 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$771.1K
$674.7K – $899.6K
NOI $53,975 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.71M
NOI $102,473 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,843
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family wood-frame duplex with a renovated finished basement and R5 zoning in Brooklyn.
Where is this duplex located?
The property is located at 1742 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Main duplex spans first and second floors with 3 bedrooms and 1 full bathroom; Rear unit offers 1 bedroom and 1 full bathroom; Fully finished basement completely renovated
