Duplex Property with Finished
For Sale
$1,599,000
1917 E 26th Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,854 SF
Lot Size0.06 Acres
Price / SF$862.46
Days on Market52
Property Features for 1917 E 26th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 2
Interior features
A/C Unit, A/C Unit - Wall, A/C Unit - Window, Dishwasher, Laundry Area, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Madison
Standard status
Active
Size
1,854 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10067
Amenities
decorative fireplace
oversized back porch
finished basement
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Slate
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Kim Stavrach · License #STAIM1078
(718) 676-1755
Added: Jul 21
Changed: Sep 5
Last Checked: Sep 10 at 3:06AM
MLS# 502874
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 1920 duplex property at 1917 E 26th Street includes 1,854 square feet of building area on a 0.0597-acre lot. The layout features formal living and dining rooms, an eat-in kitchen, a powder room, three upper-level bedrooms, and a finished basement with two additional bedrooms and a work kitchen. An oversized rear porch extends from the main kitchen area, while the attic provides storage. The property also includes hardwood flooring, a slate roof, wall and window A/C units, a dishwasher, refrigerator, stove, and laundry area.
The property is located in Brooklyn, NY 11229, within Kings County and School District 22. It is zoned R3-2 and was built in 1920. Nearby context identified for the property includes schools, shopping, and a house of worship.
The property is located in Brooklyn, NY 11229, within Kings County and School District 22. It is zoned R3-2 and was built in 1920. Nearby context identified for the property includes schools, shopping, and a house of worship.
Key Highlights
- 1,854‑square‑foot duplex property built in 1920
- 0.0597‑acre lot with an 18x48 building footprint
- Finished basement with 2 additional bedrooms and a work kitchen
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
$64,930
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
4.06%
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%
$1,298,600
$1.3M
Cap Rate 7%
$927,571
$927.6K
Cap Rate 9%
$721,444
$721.4K
Market Conditions
NOI Build-Up for 1,854 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
$94.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.8K $50.03/SF
− OpEx
−$27.8K −$15.01/SF
NOI
$64.9K $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%
$1,298,600
Cap Rate 7%
$927,571
Cap Rate 9%
$721,444
Alternative Uses
Best Use
Multifamily LT 5
$927.6K
$811.6K – $1.08M
NOI $64,930 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$808.6K
$707.5K – $943.4K
NOI $56,601 @ 7.0% cap · market cap 3.54%
Theoretical Best
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,458 @ 7.0% cap · market cap 6.72%
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
3,937
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - R3-2-zoned duplex property with finished lower-level space, multiple bedrooms, an eat-in kitchen, and a rear porch.
Where is this duplex located?
The property is located at 1917 E 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 1,854‑square‑foot duplex property built in 1920; 0.0597‑acre lot with an 18x48 building footprint; Finished basement with 2 additional bedrooms and a work kitchen
