Three-Story Brick
For Sale
$1,845,000
1879 W 13th Street, Brooklyn, NY 11223
Residential, Duplex, Brooklyn, NY
Property Size3,750 SF
Lot Size0.07 Acres
Price / SF$492
Days on Market93
Property Features for 1879 W 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5B
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1
Parking features
Garage - Detached
Interior features
Stove
Basement
Finished
Subdivision
Gravesend
Standard status
Active
Size
3,750 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9534
Amenities
private driveway
garage
Building Details
Year built
1932
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Parquet Wood, Ceramic
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Francesco DiMarco · License #10301215378
(917) 940-3335
Added: Jun 22
Changed: Sep 16
Last Checked: Sep 22 at 2:06PM
MLS# 502489
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 three-story brick duplex was built in 1932 and contains 3,750 square feet on a 0.0689-acre lot. The 21' x 57' building includes a six-room upper apartment with three bedrooms and one full bath, plus a five-room lower apartment with two bedrooms and one full bath. The lower residence also connects to a finished level with a 3/4 bath. One apartment is move-in ready, while the other requires updating. Interior finishes include hardwood, parquet wood, and ceramic flooring, with a stove included. The property has a flat roof and a detached garage.
A 9-foot-wide private driveway provides access to the garage. The property is located at 1879 W 13th Street in Brooklyn, near transportation and the 86th Street shopping corridor. R5B zoning and the two-unit configuration support continued residential use, subject to applicable requirements.
A 9-foot-wide private driveway provides access to the garage. The property is located at 1879 W 13th Street in Brooklyn, near transportation and the 86th Street shopping corridor. R5B zoning and the two-unit configuration support continued residential use, subject to applicable requirements.
Key Highlights
- Two‑unit layout with a 3,750‑square‑foot building
- 3 bedrooms and 1 full bath in the six‑room apartment
- 2 bedrooms and 1 full bath in the five‑room apartment
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
$131,331
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
7.12%
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%
$2,626,620
$2.6M
Cap Rate 7%
$1,876,157
$1.9M
Cap Rate 9%
$1,459,233
$1.5M
Market Conditions
NOI Build-Up for 3,750 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
$191.3K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$187.6K $50.03/SF
− OpEx
−$56.3K −$15.01/SF
NOI
$131.3K $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%
$2,626,620
Cap Rate 7%
$1,876,157
Cap Rate 9%
$1,459,233
Alternative Uses
Best Use
Multifamily LT 5
$1.88M
$1.64M – $2.19M
NOI $131,331 @ 7.0% cap · market cap 7.12%
Second Best
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,484 @ 7.0% cap · market cap 6.21%
Theoretical Best
Specialty Retail
$3.10M
$2.72M – $3.62M
NOI $217,350 @ 7.0% cap · market cap 11.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,765
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments, a finished lower level, private driveway, and detached garage support flexible residential use and rental income potential.
Where is this duplex located?
The property is located at 1879 W 13th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: Two‑unit layout with a 3,750‑square‑foot building; 3 bedrooms and 1 full bath in the six‑room apartment; 2 bedrooms and 1 full bath in the five‑room apartment
