All-Brick Two-Family
For Sale
$1,600,000
Pending
1745 66th St, Brooklyn, NY 11204
All-brick two-family duplex with a detached garage and shared driveway, offering practical space for multiple living arrangements.
Property Size2,088 SF
Days on Market172
Property Features for 1745 66th St
General Information
Standard status
Pending
Size
2,088 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1925
Tenancy
Multi
Listing Agency:
American Homes Group
Listed By:
Grace Zeng · License #10401301802
Source:
Statenislandhomelistings
Added: Mar 24
Changed: Sep 9
Last Checked: Sep 11 at 11:37AM
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 American Homes Group
Investment Insights
Based on property information with market context.
This all-brick two-family home offers a classic duplex configuration suited to both end-users and buyers looking for a residential income property. The property includes a detached garage and a shared driveway for added parking convenience. While the home is presented as having a strong structural foundation, it also offers space and flexibility for a renovation and customization approach to match individual preferences.
Located in Brooklyn’s Bensonhurst area, the home is described as being on a quiet residential block with nearby shopping, restaurants, schools, and public transportation. This mix of everyday amenities and transit access can support a variety of tenant and owner-occupant needs.
As a duplex, the layout supports multi-generational living, or an arrangement where one unit can be occupied while the other helps offset household expenses. For investors or buyers considering improvements, the property’s combination of an all-brick exterior and attached parking features provides a solid base for thoughtful updates. The detached garage and shared driveway are especially relevant for tenants and households that value straightforward, on-site parking.
Located in Brooklyn’s Bensonhurst area, the home is described as being on a quiet residential block with nearby shopping, restaurants, schools, and public transportation. This mix of everyday amenities and transit access can support a variety of tenant and owner-occupant needs.
As a duplex, the layout supports multi-generational living, or an arrangement where one unit can be occupied while the other helps offset household expenses. For investors or buyers considering improvements, the property’s combination of an all-brick exterior and attached parking features provides a solid base for thoughtful updates. The detached garage and shared driveway are especially relevant for tenants and households that value straightforward, on-site parking.
Key Highlights
- All‑brick two‑family duplex built in 1925
- Detached garage plus shared driveway for parking convenience
- Two‑family layout suited for end‑users, investors, or multi‑generational living
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
$73,125
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
4.57%
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%
$1,462,500
$1.5M
Cap Rate 7%
$1,044,643
$1.0M
Cap Rate 9%
$812,500
$812.5K
Market Conditions
NOI Build-Up for 2,088 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
$106.5K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$104.5K $50.03/SF
− OpEx
−$31.3K −$15.01/SF
NOI
$73.1K $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%
$1,462,500
Cap Rate 7%
$1,044,643
Cap Rate 9%
$812,500
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$914.1K – $1.22M
NOI $73,125 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$910.6K
$796.8K – $1.06M
NOI $63,744 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.73M
$1.51M – $2.02M
NOI $121,020 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,020
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - All-brick two-family duplex with a detached garage and shared driveway, offering practical space for multiple living arrangements.
Where is this duplex located?
The property is located at 1745 66th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: All‑brick two‑family duplex built in 1925; Detached garage plus shared driveway for parking convenience; Two‑family layout suited for end‑users, investors, or multi‑generational living
