Brick Duplex with Finished
New
For Sale
$999,000
1775 W 9th St, Brooklyn, NY 11223
Two-family brick residence with separate entrances, flexible apartment layouts, and a paved rear yard.
Property Size1,528 SF
Days on Market3
Property Features for 1775 W 9th St
General Information
Standard status
Active
Size
1,528 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,510
Amenities
covered front porch
paved backyard
finished basement
separate front and rear entrances
eat-in kitchen
front sunroom
Building Details
Building Size
1,528 SF
Year Built
1910
Buildings
1
Stories
2
Construction
brick
Listing Agency:
RE/MAX Edge
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Source:
Elliman
Added: Sep 4
Last Checked: Sep 6 at 7:54AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This 1910 two-family brick residence includes a two-bedroom upper apartment, a first-floor one-bedroom unit with potential for a second bedroom, and a full finished basement. The main level includes an eat-in kitchen, living room, front sunroom, and access to the rear yard. Separate front and rear entrances serve the building and basement, while a covered front porch adds another functional exterior feature. Building dimensions are approximately 17x54 feet on the first floor and basement, with the upper level measuring approximately 17x40 feet. A relatively new gas boiler and hot water heater are also in place.
The property is located at 1775 W 9th St in Gravesend, near the Kings Highway commercial district, subway service, shopping, and restaurants. WalkScore is 96, TransitScore is 86, and BikeScore is 67. The paved backyard provides additional outdoor space for occupants.
The property is located at 1775 W 9th St in Gravesend, near the Kings Highway commercial district, subway service, shopping, and restaurants. WalkScore is 96, TransitScore is 86, and BikeScore is 67. The paved backyard provides additional outdoor space for occupants.
Key Highlights
- Two‑family brick residence built in 1910
- Two‑bedroom upper apartment over a flexible first‑floor unit
- Full finished basement with separate front and rear entrances
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
$53,513
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
5.36%
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%
$1,070,260
$1.1M
Cap Rate 7%
$764,471
$764.5K
Cap Rate 9%
$594,589
$594.6K
Market Conditions
NOI Build-Up for 1,528 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
$77.9K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$76.4K $50.03/SF
− OpEx
−$22.9K −$15.01/SF
NOI
$53.5K $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%
$1,070,260
Cap Rate 7%
$764,471
Cap Rate 9%
$594,589
Alternative Uses
Best Use
Multifamily LT 5
$764.5K
$668.9K – $891.9K
NOI $53,513 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$666.4K
$583.1K – $777.5K
NOI $46,648 @ 7.0% cap · market cap 4.67%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,563 @ 7.0% cap · market cap 8.87%
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
4,202
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick residence with separate entrances, flexible apartment layouts, and a paved rear yard.
Where is this duplex located?
The property is located at 1775 W 9th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family brick residence built in 1910; Two‑bedroom upper apartment over a flexible first‑floor unit; Full finished basement with separate front and rear entrances
