Two-Family Duplex with Finished
For Sale
$1,929,000
1952 76th Street, Brooklyn, NY 11214
Residential, Duplex, Brooklyn, NY
Property Size2,280 SF
Lot Size0.06 Acres
Price / SF$846.05
Days on Market105
Property Features for 1952 76th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
6
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 2, Bedroom 4, Bedroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Interior features
A/C Unit - Window, Central Air, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,280 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9839
Amenities
private driveway
radiant heat
side entrance
finished basement
recreational rooms
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Rubber, Flat
Architectural style
Other
Listing Agency:
Century 21 Realty First
Listed By:
Karla Ng Mok · License #KNM9509
(718) 758-5838
Added: Jun 10
Changed: Sep 20
Last Checked: Sep 22 at 3:06AM
MLS# 502163
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 two-family duplex is a semi-detached wood-frame property built in 1930, offering 2,280 square feet of building area on a 0.0643-acre lot. Each residential unit includes an open living and dining arrangement, island kitchen, two rear bedrooms, and an additional front room that can serve as a bedroom or sunroom. Hardwood and tile flooring are installed throughout, with central air and separate unit amenities including kitchen appliances and laundry equipment.
A full-finished basement adds two recreational rooms, 3/4 baths, a rear entrance, and separate furnace and hot water heater. The property also includes a private driveway and carries R5 zoning. Shopping, pharmacies, grocery stores, restaurants, schools, salons, laundromats, banking, bus service, and D and N train stations are located within the surrounding area.
A full-finished basement adds two recreational rooms, 3/4 baths, a rear entrance, and separate furnace and hot water heater. The property also includes a private driveway and carries R5 zoning. Shopping, pharmacies, grocery stores, restaurants, schools, salons, laundromats, banking, bus service, and D and N train stations are located within the surrounding area.
Key Highlights
- Two‑family duplex with 2,280 square feet of building area
- 0.0643‑acre lot measuring 28 feet by 100 feet
- Full‑finished basement with two recreational rooms, 3/4 baths, and rear entrance
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
$62,187
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
3.22%
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%
$1,243,740
$1.2M
Cap Rate 7%
$888,386
$888.4K
Cap Rate 9%
$690,967
$691.0K
Market Conditions
NOI Build-Up for 2,280 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
$93.0K $40.80/SF
− Vacancy
−$4.2K −$1.84/SF
EGI
$88.8K $38.96/SF
− OpEx
−$26.7K −$11.69/SF
NOI
$62.2K $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%
$1,243,740
Cap Rate 7%
$888,386
Cap Rate 9%
$690,967
Alternative Uses
Best Use
Multifamily LT 5
$888.4K
$777.3K – $1.04M
NOI $62,187 @ 7.0% cap · market cap 3.22%
Second Best
Apartment 5plus
$796.2K
$696.7K – $928.9K
NOI $55,733 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,103 @ 7.0% cap · market cap 4.83%
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
4,278
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
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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 - Semi-detached duplex with two residential units, private driveway, and R5 zoning near shopping, schools, and public transportation.
Where is this duplex located?
The property is located at 1952 76th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,929,000.
What are key features of this property?
This property features: Two‑family duplex with 2,280 square feet of building area; 0.0643‑acre lot measuring 28 feet by 100 feet; Full‑finished basement with two recreational rooms, 3/4 baths, and rear entrance
