Brick Duplex with Detached
New
For Sale
$1,928,000
1941 W 6th Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property Size2,640 SF
Lot Size0.06 Acres
Price / SF$730.30
Days on Market1
Property Features for 1941 W 6th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4-1
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 3
Interior features
A/C Unit - Wall, Dishwasher, Dryer, Fireplace, Microwave, Refrigerator, Stove, Washer, Window Treatments
Fireplace
1
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
2,640 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
10837
Amenities
porch
custom built-in bookshelves
laundry room
finished basement
wet bar
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Linoleum, Tile, Concrete, Carpet
Building materials
Brick
Roof type
Flat, Rubber
Architectural style
Other
Listing Agency:
Century 21 Realty First
(718) 758-5838
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Added: Aug 13
Last Checked: Aug 13 at 2:06PM
MLS# 503746
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 1925 brick duplex contains two residential units within a 2,640-square-foot building on a 0.0616-acre lot. The first-floor residence includes two bedrooms, separate living and dining areas, a porch with built-in bookshelves, a full bathroom, and a powder room. The upper unit provides three bedrooms, distinct living and dining rooms, a laundry room, and two full bathrooms. A finished basement offers front and rear entrances plus a wet bar.
The property includes a detached one-car garage, a wider driveway, and room for an additional parking space. Existing plumbing and layout support conversion back to a four-family configuration. Heating is provided by two 275 oil burners, with a pre-installed gas hookup. Additional features include triple-pane windows, a fireplace, hardwood, tile, linoleum, concrete, and carpet flooring, plus 10-foot ceilings on the second floor. The property is near the N train stations at Avenue U and Kings Highway, the F train at McDonald Avenue, Key Food, and B82 bus stops.
The property includes a detached one-car garage, a wider driveway, and room for an additional parking space. Existing plumbing and layout support conversion back to a four-family configuration. Heating is provided by two 275 oil burners, with a pre-installed gas hookup. Additional features include triple-pane windows, a fireplace, hardwood, tile, linoleum, concrete, and carpet flooring, plus 10-foot ceilings on the second floor. The property is near the N train stations at Avenue U and Kings Highway, the F train at McDonald Avenue, Key Food, and B82 bus stops.
Key Highlights
- 2,640‑square‑foot brick duplex built in 1925
- 0.0616‑acre lot with a 26.83‑foot by 100‑foot lot size
- Two units with two bedrooms downstairs and three bedrooms upstairs
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
$92,457
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
4.80%
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%
$1,849,140
$1.8M
Cap Rate 7%
$1,320,814
$1.3M
Cap Rate 9%
$1,027,300
$1.0M
Market Conditions
NOI Build-Up for 2,640 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
$134.6K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$132.1K $50.03/SF
− OpEx
−$39.6K −$15.01/SF
NOI
$92.5K $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%
$1,849,140
Cap Rate 7%
$1,320,814
Cap Rate 9%
$1,027,300
Alternative Uses
Best Use
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,457 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$1.15M
$1.01M – $1.34M
NOI $80,596 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$2.19M
$1.91M – $2.55M
NOI $153,014 @ 7.0% cap · market cap 7.94%
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
3,495
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 - Two residential units offer spacious layouts, finished basement space, and access to multiple nearby transit stations.
Where is this duplex located?
The property is located at 1941 W 6th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,928,000.
What are key features of this property?
This property features: 2,640‑square‑foot brick duplex built in 1925; 0.0616‑acre lot with a 26.83‑foot by 100‑foot lot size; Two units with two bedrooms downstairs and three bedrooms upstairs
