Duplex With Double-Height
For Sale
$725,000
184 Stuyvesant Avenue D2, Brooklyn, NY 11221
Duplex unit spans the ground and second floors with three bedrooms and two full bathrooms plus double-height ceilings.
Property Size1,238 SF
Price / SF$585.62
Days on Market81
Property Features for 184 Stuyvesant Avenue D2
General Information
Standard status
Active
Size
1,238 SF
Property subtype
Apartment
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$3,816
Amenities
exclusive outdoor space
storage shed
Building Details
Building Size
1,238 SF
Year Built
1993
Construction
Neo-Grec and Italianate transitional
Listing Agency:
Compass
Listed By:
Stephan Brisard
(917) 748-0262
Source:
Carlinwright
Added: Jun 18
Changed: Aug 23
Last Checked: Sep 5 at 5:59AM
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 Compass
Investment Insights
Based on property information with market context.
Residential income property opportunity featuring a duplex layout spanning the ground and second floors. The unit has three bedrooms and two full bathrooms, and the lower level is highlighted by soaring double-height ceilings. Natural light comes through with Southern and Eastern exposures, creating a bright interior with an airy, expansive feel.
The property is situated within a classic Victorian-era flats building with a Neo-Grec and Italianate transitional structure. The home is positioned at 184 Stuyvesant Avenue, Unit D2, on the corner of Quincy Street and “Do the Right Thing Way.” The unit also includes an exclusive outdoor space, along with a cinder block masonry storage shed.
Built in 1993, this unit is offered as-is and is described as requiring a full gut renovation. The layout and scale provide a blank-canvas project within a historic Bedford-Stuyvesant setting.
The property is situated within a classic Victorian-era flats building with a Neo-Grec and Italianate transitional structure. The home is positioned at 184 Stuyvesant Avenue, Unit D2, on the corner of Quincy Street and “Do the Right Thing Way.” The unit also includes an exclusive outdoor space, along with a cinder block masonry storage shed.
Built in 1993, this unit is offered as-is and is described as requiring a full gut renovation. The layout and scale provide a blank-canvas project within a historic Bedford-Stuyvesant setting.
Key Highlights
- 1,238 SF duplex spans the ground and second floors
- Three bedrooms and two full bathrooms
- Soaring double‑height ceilings on the lower level
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
$37,795
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
5.21%
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%
$755,900
$755.9K
Cap Rate 7%
$539,929
$539.9K
Cap Rate 9%
$419,944
$419.9K
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
$70.1K $56.64/SF
− Vacancy
−$1.4K −$1.13/SF
EGI
$68.7K $55.51/SF
− OpEx
−$30.9K −$24.98/SF
NOI
$37.8K $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%
$755,900
Cap Rate 7%
$539,929
Cap Rate 9%
$419,944
Alternative Uses
Best Use
Apartment 5plus
$539.9K
$472.4K – $629.9K
NOI $37,795 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$896.9K – $1.20M
NOI $71,754 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,135
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex unit spans the ground and second floors with three bedrooms and two full bathrooms plus double-height ceilings.
Where is this residential income property located?
The property is located at 184 Stuyvesant Avenue D2 Brooklyn, NY.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 1,238 SF duplex spans the ground and second floors; Three bedrooms and two full bathrooms; Soaring double‑height ceilings on the lower level
