Duplex with Rear
New
For Sale
$1,100,000
1748 W 9th St, Brooklyn, NY 11223
Two-level residence with separate basement access, a front porch, and a rear patio and garden.
Property Size1,238 SF
Days on Market3
Property Features for 1748 W 9th St
General Information
Standard status
Active
Size
1,238 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,166
Amenities
patio
garden
porch
Building Details
Building Size
1,238 SF
Year Built
1910
Stories
2
Listing Agency:
All Boro Brokerage
Listed By:
Sylvia Mavrogenidou
(718) 339-5500
Source:
Elliman
Added: Sep 1
Last Checked: Sep 2 at 7:28PM
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 All Boro Brokerage
Investment Insights
Based on property information with market context.
This duplex, built in 1910, includes two bedrooms, a living room, and a kitchen on the first floor. The second floor offers two rooms, a living room, and a large kitchen. A separate front entry serves the basement, while the property also includes a front porch and rear patio with garden space.
The home is located at 1748 W 9th St in Brooklyn’s Gravesend area, near the N train and Kings Hwy. Nearby conveniences include stores, schools, and transit options. WalkScore is 96, BikeScore is 67, and TransitScore is 86.
The home is located at 1748 W 9th St in Brooklyn’s Gravesend area, near the N train and Kings Hwy. Nearby conveniences include stores, schools, and transit options. WalkScore is 96, BikeScore is 67, and TransitScore is 86.
Key Highlights
- Two‑bedroom first floor with living room and kitchen
- Second floor includes two rooms, living room, and a large kitchen
- Separate front entrance to the basement
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
$43,357
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
3.94%
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%
$867,140
$867.1K
Cap Rate 7%
$619,386
$619.4K
Cap Rate 9%
$481,744
$481.7K
Market Conditions
NOI Build-Up for 1,238 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
$63.1K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$61.9K $50.03/SF
− OpEx
−$18.6K −$15.01/SF
NOI
$43.4K $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%
$867,140
Cap Rate 7%
$619,386
Cap Rate 9%
$481,744
Alternative Uses
Best Use
Multifamily LT 5
$619.4K
$542.0K – $722.6K
NOI $43,357 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$539.9K
$472.4K – $629.9K
NOI $37,795 @ 7.0% cap · market cap 3.44%
Theoretical Best
Specialty Retail
$1.03M
$896.9K – $1.20M
NOI $71,754 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,802
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
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-level residence with separate basement access, a front porch, and a rear patio and garden.
Where is this duplex located?
The property is located at 1748 W 9th 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: Two‑bedroom first floor with living room and kitchen; Second floor includes two rooms, living room, and a large kitchen; Separate front entrance to the basement
