Detached Duplex with Private
For Sale
$1,498,880
1934 79th Street, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size1,959 SF
Lot Size0.07 Acres
Price / SF$765.13
Days on Market104
Property Features for 1934 79th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 5, Bathroom 4, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
Patio and Porch features
Porch
Interior features
Dishwasher, Dryer, Laundry Area, Porch, Refrigerator, Stove, Terrace, Washer
Basement
Full, Unfinished
Subdivision
Bensonhurst
Standard status
Active
Size
1,959 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
8496
Amenities
front porch
backyard
private balcony
laundry area
basement
Building Details
Year built
1915
Floors in Building
3
Number of units
3
Flooring type
Carpet, Hardwood, Tile
Building materials
Wood Frame
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Renzhang Danny Dong
(718) 612-3088
Added: May 15
Changed: Aug 20
Last Checked: Aug 26 at 10:06AM
MLS# 501450
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 fully detached duplex contains 1,959 square feet on a 0.0689-acre lot measuring 30 by 100 feet. The first floor includes an eat-in kitchen with granite countertops, living room, bedroom, full bath, foyer, and access to the backyard. The second floor adds two bedrooms, another eat-in kitchen, a full bath, and a private balcony. A third-floor level provides two additional rooms and a full bath, while the basement offers open space, a laundry area, half bath, and interior and backyard access.
The landscaped backyard and front porch provide additional outdoor areas. Interior features include a dishwasher, refrigerator, stove, washer, and dryer, with hardwood, carpet, and tile flooring. Built in 1915 with wood-frame construction, the property is located at 1934 79th Street in Brooklyn, near the shops, restaurants, and transportation along 86th Street. The property is zoned R5.
The landscaped backyard and front porch provide additional outdoor areas. Interior features include a dishwasher, refrigerator, stove, washer, and dryer, with hardwood, carpet, and tile flooring. Built in 1915 with wood-frame construction, the property is located at 1934 79th Street in Brooklyn, near the shops, restaurants, and transportation along 86th Street. The property is zoned R5.
Key Highlights
- Fully detached two‑family duplex on a 0.0689‑acre lot
- 1,959 square feet with a 30 by 100‑foot lot
- Five bedrooms and five bathrooms across multiple levels
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
$53,431
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
3.56%
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%
$1,068,620
$1.1M
Cap Rate 7%
$763,300
$763.3K
Cap Rate 9%
$593,678
$593.7K
Market Conditions
NOI Build-Up for 1,959 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
$79.9K $40.80/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$76.3K $38.96/SF
− OpEx
−$22.9K −$11.69/SF
NOI
$53.4K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,068,620
Cap Rate 7%
$763,300
Cap Rate 9%
$593,678
Alternative Uses
Best Use
Multifamily LT 5
$763.3K
$667.9K – $890.5K
NOI $53,431 @ 7.0% cap · market cap 3.56%
Second Best
Apartment 5plus
$684.1K
$598.6K – $798.1K
NOI $47,887 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$1.14M
$999.9K – $1.33M
NOI $79,995 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,427
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - R5-zoned two-family property with multiple kitchens, five bedrooms, and adaptable lower-level space.
Where is this duplex located?
The property is located at 1934 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,498,880.
What are key features of this property?
This property features: Fully detached two‑family duplex on a 0.0689‑acre lot; 1,959 square feet with a 30 by 100‑foot lot; Five bedrooms and five bathrooms across multiple levels
