Building Details

Year Built 1920

Listed By: Cheryl Slocum Show Phone

Added: Jul 27 Changed: Sep 4

Report an Issue

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,242

Cap Rate

6.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,344,840 $1.3M

Cap Rate 7%

$960,600 $960.6K

Cap Rate 9%

$747,133 $747.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$97.9K $51.00/SF

− Vacancy

−$1.9K −$0.97/SF

EGI

$96.1K $50.03/SF

− OpEx

−$28.8K −$15.01/SF

NOI

$67.2K $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 Rate 5%

$1,344,840

Cap Rate 7%

$960,600

Cap Rate 9%

$747,133

Alternative Uses

Best Use

Multifamily LT 5

$960.6K

$840.5K – $1.12M (±1% cap)

NOI $67,242 @ 7.0% cap · market cap 6.72%

Second Best

Apartment 5plus

$837.4K

$732.7K – $976.9K (±1% cap)

NOI $58,616 @ 7.0% cap · market cap 5.86%

Theoretical Best

Specialty Retail

$1.59M

$1.39M – $1.85M (±1% cap)

NOI $111,283 @ 7.0% cap · market cap 11.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Location Intelligence

Trade Area within ½ mile

5,541

Businesses Nearby

Explore this area Business Placement

Demographics for 11203, NY

81,824

Population

33,434

Households

2.4

Avg Household Size

41

Median Age

26%

College-Educated

88%

High-School Grad

2.1 sq mi

ZIP Area

38,964

Density / Sq Mi

$68,028

Median Household Income

$47,302

Median Earnings

$1,566

Median Rent

$677,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Brick Duplex with Attached Garage

2340 E 29th Street, Brooklyn, NY 11229

$989,000

1,960 SF

View details

Renovated Duplex with Separate HVAC

240 E 48th Street, Brooklyn, NY 11203

$997,000

2,000 SF

View details

Brick Two-Family Duplex

2345 E 26th Street, Brooklyn, NY 11229

$1,080,000

1,890 SF

View details

Duplex with Finished Basement

2454 E 18th Street, Brooklyn, NY 11235

$949,000

1,848 SF

View details

Duplex With Separate Apartment

2246 E 70th Street, Brooklyn, NY 11234

$925,000

1,836 SF

View details

Duplex with Private Backyard

38 Corbin Place, Brooklyn, NY 11235

$1,150,000

1,877 SF

View details

Duplex with Finished Basement

8514 Avenue J, Brooklyn, NY 11236

$899,000

1,800 SF

View details

Brick Duplex with Garage

1846 E 52nd Street, Brooklyn, NY 11234

$899,000

1,800 SF

View details

Brick Two-Family Duplex with Garage

124 Brightwater Court, Brooklyn, NY 11235

$1,195,000

1,995 SF

View details

Two-Story Brick Duplex

41 Alton Place, Brooklyn, NY 11210

$799,999

1,870 SF

View details

Brick Duplex with Finished Basement

685 Essex Street, Brooklyn, NY 11208

$1,075,000

2,120 SF

View details

Brick Duplex Property

2058 Coyle Street, Brooklyn, NY 11229

$948,000

2,142 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units include finished basement space and detached garage parking.

Where is this duplex located?

The property is located at 186 E 39Th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $999,999.