Duplex with Two-Car Off-Street
For Sale
$1,299,999
1866 70th Street, Brooklyn, NY 11204
MULTI_FAMILY - Brooklyn, NY
Property Size2,424 SF
Lot Size0.04 Acres
Price / SF$536.30
Days on Market16
Property Features for 1866 70th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Interior features
A/C Unit
Subdivision
Bensonhurst
Standard status
Active
Size
2,424 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7487
Building Details
Number of units
2
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Shingle
Listing Agency:
DiTommaso Real Estate
(718) 667-8000
Listed By:
Lori Ficarra · License #10401318951
(718) 667-8000
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 13 at 12:06PM
MLS# 503388
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.
Duplex two-family home with three stories of living space and a versatile layout. The main residence features three bedrooms with generous room sizes, with additional rooms including three bathrooms across the home. The home is attached and built with brick construction, with a shingle roof. Interior features include an A/C unit, and flooring includes carpet and tile.
Set on a residential block, the property sits on a 0.0424-acre lot with a total property size of 2,424 square feet. The zoning is R5. A private off-street parking area accommodates two cars, providing convenience for residents while keeping the home on a residential street.
This duplex design supports a range of household and rental arrangements while keeping the core living layout flexible for customization.
Set on a residential block, the property sits on a 0.0424-acre lot with a total property size of 2,424 square feet. The zoning is R5. A private off-street parking area accommodates two cars, providing convenience for residents while keeping the home on a residential street.
This duplex design supports a range of household and rental arrangements while keeping the core living layout flexible for customization.
Key Highlights
- 0.0424‑acre lot and 2,424 square feet total property size
- R5 zoning
- Private off‑street parking for two cars
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
$84,893
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
6.53%
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%
$1,697,860
$1.7M
Cap Rate 7%
$1,212,757
$1.2M
Cap Rate 9%
$943,256
$943.3K
Market Conditions
NOI Build-Up for 2,424 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
$123.6K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$121.3K $50.03/SF
− OpEx
−$36.4K −$15.01/SF
NOI
$84.9K $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%
$1,697,860
Cap Rate 7%
$1,212,757
Cap Rate 9%
$943,256
Alternative Uses
Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,893 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$1.06M
$925.0K – $1.23M
NOI $74,002 @ 7.0% cap · market cap 5.69%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,495 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,853
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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 duplex with private off-street parking for two cars and three stories of living space in an R5 zone.
Where is this duplex located?
The property is located at 1866 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,999.
What are key features of this property?
This property features: 0.0424‑acre lot and 2,424 square feet total property size; R5 zoning; Private off‑street parking for two cars
