Duplex with Private Driveway
For Sale
$1,650,000
1773 Dahill Road, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size3,660 SF
Lot Size0.05 Acres
Price / SF$450.82
Days on Market48
Property Features for 1773 Dahill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4-1
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 6
Parking features
Garage
Interior features
Dishwasher, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Gravesend
Standard status
Active
Size
3,660 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5040
Building Details
Year built
1935
Floors in Building
3
Flooring type
Carpet, Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Jul 13
Changed: Aug 13
Last Checked: Aug 29 at 6:06AM
MLS# 502971
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.
Brick two-family duplex with a flat roof, built in 1935, featuring a private driveway and a built-in garage. The home is arranged as a 3-story residence with a basement and separate entrances for each unit. The property sits on a 20’ x 100’ lot with a 20’ x 71’ building footprint, totaling 3,660 SF.
The layout includes an oversized 3-bedroom apartment that can be converted to 4 bedrooms on the top floor, with a similar 3-bedroom apartment on the second floor. Overall, the home totals 6 bedrooms, 2 bonus rooms, and 3 full bathrooms. The basement includes 2 bonus rooms, 1 full bathroom, a separate entrance, and backyard access.
Interior finishes include tile, carpet, and hardwood flooring, and appliance features such as dishwasher, refrigerator, and stove. The property is positioned near the F train and B82 bus, with the N train also nearby, and convenient access to shopping, restaurants, schools, and parks.
The layout includes an oversized 3-bedroom apartment that can be converted to 4 bedrooms on the top floor, with a similar 3-bedroom apartment on the second floor. Overall, the home totals 6 bedrooms, 2 bonus rooms, and 3 full bathrooms. The basement includes 2 bonus rooms, 1 full bathroom, a separate entrance, and backyard access.
Interior finishes include tile, carpet, and hardwood flooring, and appliance features such as dishwasher, refrigerator, and stove. The property is positioned near the F train and B82 bus, with the N train also nearby, and convenient access to shopping, restaurants, schools, and parks.
Key Highlights
- R4‑1 zoning duplex built in 1935 with flat roof
- Private driveway plus built‑in garage
- 20’ x 100’ lot and 20’ x 71’ building footprint totaling 3,660 SF
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
$128,179
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
7.77%
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%
$2,563,580
$2.6M
Cap Rate 7%
$1,831,129
$1.8M
Cap Rate 9%
$1,424,211
$1.4M
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
$186.7K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$183.1K $50.03/SF
− OpEx
−$54.9K −$15.01/SF
NOI
$128.2K $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%
$2,563,580
Cap Rate 7%
$1,831,129
Cap Rate 9%
$1,424,211
Alternative Uses
Best Use
Multifamily LT 5
$1.83M
$1.60M – $2.14M
NOI $128,179 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$1.60M
$1.40M – $1.86M
NOI $111,736 @ 7.0% cap · market cap 6.77%
Theoretical Best
Specialty Retail
$3.03M
$2.65M – $3.54M
NOI $212,134 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,227
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 - Brick two-family duplex on R4-1 zoning with a private driveway, built-in garage, basement with bonus rooms, and separate entrances.
Where is this duplex located?
The property is located at 1773 Dahill Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: R4‑1 zoning duplex built in 1935 with flat roof; Private driveway plus built‑in garage; 20’ x 100’ lot and 20’ x 71’ building footprint totaling 3,660 SF
