Duplex with Private
For Sale
$1,849,000
1879 W 13th Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size3,750 SF
Lot Size0.07 Acres
Price / SF$493.07
Days on Market64
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
Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 2, Bathroom 1, Bathroom 3
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
Building Details
Year built
1932
Floors in Building
3
Number of units
2
Flooring type
Parquet Wood, Ceramic, Hardwood
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
(718) 612-3088
Added: Jun 22
Changed: Aug 4
Last Checked: Aug 24 at 8:06AM
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.
Three-story brick duplex on a 30' x 100' lot with a finished lower level. The property includes a 21' x 57' building plus a total of 3,750 SF. One unit is described as move-in condition, while the second-floor apartment needs updating, offering a straightforward path to customize and build equity. The upper residence is a 6-room apartment with 3 bedrooms and 1 full bath; the second unit is a 5-room apartment with 2 bedrooms and 1 full bathroom, with access to the finished lower level that includes a 3/4 bath. Interior features include a stove, and flooring is listed as hardwood, ceramic, and parquet wood.
The property is zoned R5B and includes a rare 9-foot-wide private driveway plus a detached one-car garage. Possible full possession is available if needed.
Built in 1932, the roof is listed as flat and the home is designed as a two-family residence suited to both end users and buyers seeking rental income potential.
The property is zoned R5B and includes a rare 9-foot-wide private driveway plus a detached one-car garage. Possible full possession is available if needed.
Built in 1932, the roof is listed as flat and the home is designed as a two-family residence suited to both end users and buyers seeking rental income potential.
Key Highlights
- 0.0689‑acre duplex on a 30' x 100' lot
- 3,750 SF duplex with 21' x 57' building size plus finished lower level
- Upper unit: 6 rooms with 3 bedrooms and 1 full bath
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
7.10%
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 7.10%
Second Best
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,484 @ 7.0% cap · market cap 6.19%
Theoretical Best
Specialty Retail
$3.10M
$2.72M – $3.62M
NOI $217,350 @ 7.0% cap · market cap 11.76%
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
3,765
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
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 - Three-story brick duplex on a private driveway with a detached one-car garage and income-ready two-unit layout in R5B zoning.
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 $1,849,000.
What are key features of this property?
This property features: 0.0689‑acre duplex on a 30' x 100' lot; 3,750 SF duplex with 21' x 57' building size plus finished lower level; Upper unit: 6 rooms with 3 bedrooms and 1 full bath
