Detached 2-Family
For Sale
$2,780,000
1843 79th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,456 SF
Lot Size0.09 Acres
Price / SF$804.40
Days on Market85
Property Features for 1843 79th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
4
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 6
Basement
Finished, Full
Subdivision
Bensonhurst
Standard status
Active
Size
3,456 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
12373
Amenities
fireplace
recreation area
movie theater
bar
Building Details
Year built
1925
Floors in Building
2
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jul 9
Changed: Sep 17
Last Checked: Oct 1 at 3:06PM
MLS# 502918
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 fully detached duplex offers 3,456 square feet in a two-family layout, with the property currently arranged for single-family use. Built in 1925, the home includes spacious rooms, a fireplace, multiple bathrooms, and a finished basement with a recreation area, movie theater, and bar. A private driveway, garage, and fully paid solar panels add to the property's functional features. The 0.0918-acre lot measures 40 by 100 feet, while the building measures 25 by 68 feet.
Located in Brooklyn's Bensonhurst area, the property is near the D train, Jmart Supermarket, and the 86th Street shopping district. R5 zoning and the existing two-family configuration provide flexibility for continued single-family occupancy or use of the second unit for rental income.
Located in Brooklyn's Bensonhurst area, the property is near the D train, Jmart Supermarket, and the 86th Street shopping district. R5 zoning and the existing two-family configuration provide flexibility for continued single-family occupancy or use of the second unit for rental income.
Key Highlights
- Legal 2‑family property currently configured for single‑family use
- 3,456 square feet on a 0.0918‑acre lot
- Fully detached 2568 building on a 40100 lot
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
$94,262
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
3.39%
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%
$1,885,240
$1.9M
Cap Rate 7%
$1,346,600
$1.3M
Cap Rate 9%
$1,047,356
$1.0M
Market Conditions
NOI Build-Up for 3,456 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
$141.0K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$134.7K $38.96/SF
− OpEx
−$40.4K −$11.69/SF
NOI
$94.3K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,885,240
Cap Rate 7%
$1,346,600
Cap Rate 9%
$1,047,356
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.57M
NOI $94,262 @ 7.0% cap · market cap 3.39%
Second Best
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,480 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$2.02M
$1.76M – $2.35M
NOI $141,124 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,066
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - R5-zoned residence with a private driveway, garage, finished basement, and flexible two-unit configuration.
Where is this duplex located?
The property is located at 1843 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,780,000.
What are key features of this property?
This property features: Legal 2‑family property currently configured for single‑family use; 3,456 square feet on a 0.0918‑acre lot; Fully detached 25*68 building on a 40*100 lot
