Brick Duplex With Finished
New
For Sale
$999,000
1775 W 9th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,528 SF
Lot Size0.04 Acres
Price / SF$653.80
Days on Market3
Property Features for 1775 W 9th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Interior features
Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
1,528 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6510
Amenities
covered front porch
finished basement
front sunroom
paved backyard
Building Details
Year built
1910
Floors in Building
2
Flooring type
Tile, Laminate, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(347) 988-5318
Added: Sep 2
Last Checked: Sep 4 at 11:06PM
MLS# 504217
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.
This two-family brick residence, built in 1910, contains a 2-bedroom upper apartment and a 1-bedroom first-floor apartment with potential for a 2-bedroom configuration. The first floor includes an eat-in kitchen, separate living room, front sunroom, and direct backyard access. A full finished basement provides additional space and has separate front and rear entrances. The property also includes a covered front porch, paved backyard, flat roof, and a fairly new gas boiler and hot water heater. Interior finishes include tile, laminate, and hardwood flooring, with a refrigerator and stove included.
Located in Brooklyn’s Gravesend area, the property is near the Kings Highway commercial district, subway service, shopping, restaurants, and other conveniences. The R5B zoning designation and two-family configuration support its classification as a residential income property.
Located in Brooklyn’s Gravesend area, the property is near the Kings Highway commercial district, subway service, shopping, restaurants, and other conveniences. The R5B zoning designation and two-family configuration support its classification as a residential income property.
Key Highlights
- Two‑family brick residence with a 2‑bedroom top‑floor apartment and 1‑bedroom first‑floor apartment
- Full finished basement with separate front and rear entrances
- Building dimensions are approximately 17x54 ft on the 1st floor and basement, and 17x40 ft on the top floor
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with separate entrances, backyard space, and access to nearby subway service and commercial amenities.
Where is this duplex located?
The property is located at 1775 W 9th Street 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 with a 2‑bedroom top‑floor apartment and 1‑bedroom first‑floor apartment; Full finished basement with separate front and rear entrances; Building dimensions are approximately 17x54 ft on the 1st floor and basement, and 17x40 ft on the top floor
