Multifamily Property with Attached
For Sale
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1769 Dahill Rd, Brooklyn, NY 11223
Multifamily residence with updated interiors, private parking, and a concrete backyard on a residential Brooklyn block.
Property Size3,660 SF
Price / SF$601.09
Days on Market19
Property Features for 1769 Dahill Rd
General Information
Standard status
Active
Size
3,660 SF
Property subtype
Multifamily
Additional Details
Public Transit
Yes
Building Details
Year Built
1935
Listing Agency:
SERHANT
Listed By:
Alessa Aichinger · License #10401333915
Source:
Crexi
Added: Aug 22
Changed: Sep 8
Last Checked: Sep 9 at 7:42AM
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 SERHANT
Investment Insights
Based on property information with market context.
This multifamily residence offers approximately 3,660 square feet of living space across a well-maintained property built in 1935. Interior updates and abundant natural light complement the home's residential layout, while an attached garage and private driveway provide on-site parking. A concrete backyard adds dedicated outdoor space with relatively low-maintenance surfaces.
The property is located at 1769 Dahill Rd in Brooklyn, NY 11223, on a tree-lined residential block. Access to the F and N subway lines, local bus routes, shopping, restaurants, schools, parks, and other neighborhood amenities places everyday services and transit within convenient reach. The property's multifamily configuration and existing exterior features support both residential occupancy and rental-oriented use.
The property is located at 1769 Dahill Rd in Brooklyn, NY 11223, on a tree-lined residential block. Access to the F and N subway lines, local bus routes, shopping, restaurants, schools, parks, and other neighborhood amenities places everyday services and transit within convenient reach. The property's multifamily configuration and existing exterior features support both residential occupancy and rental-oriented use.
Key Highlights
- Approximately 3,660 square feet of living space
- Multifamily property built in 1935
- Attached garage and private driveway
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
$111,736
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
5.08%
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%
$2,234,720
$2.2M
Cap Rate 7%
$1,596,229
$1.6M
Cap Rate 9%
$1,241,511
$1.2M
Market Conditions
NOI Build-Up for 3,660 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
$207.3K $56.64/SF
− Vacancy
−$4.1K −$1.13/SF
EGI
$203.2K $55.51/SF
− OpEx
−$91.4K −$24.98/SF
NOI
$111.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$2,234,720
Cap Rate 7%
$1,596,229
Cap Rate 9%
$1,241,511
Alternative Uses
Best Use
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,736 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.54M
NOI $212,134 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily residence with updated interiors, private parking, and a concrete backyard on a residential Brooklyn block.
Where is this multifamily property located?
The property is located at 1769 Dahill Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,999.
What are key features of this property?
This property features: Approximately 3,660 square feet of living space; Multifamily property built in 1935; Attached garage and private driveway
