Semi-Detached Duplex
For Sale
$899,000
1960 W 9th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,104 SF
Lot Size0.04 Acres
Price / SF$814.31
Days on Market13
Property Features for 1960 W 9th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 3
Parking features
On Street, Off Street
Exterior features
Gas Grill
Basement
Full, Unfinished
Appliances
Dryer, Refrigerator, Washer
Lot features
Back Yard
Subdivision
Gravesend
Standard status
Active
APN
07079-0030
Size
1,104 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
10728
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1930
Floors in Building
2
Building materials
Aluminum Siding
Listing Agency:
M Donato & Co. Real Estate
(718) 351-8900
Listed By:
Cecilia Aweeky
(718) 351-8908
Added: Sep 10
Changed: Sep 18
Last Checked: Sep 22 at 12:06AM
MLS# 2605110
Copyright © 2026 Staten Island Board of Realtors. 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 semi-detached duplex property contains 1,104 square feet with three bedrooms and two bathrooms. Built in 1930, the residence has aluminum siding, a public sewer connection, natural gas hot-water heating, and window-unit cooling. Included appliances are a washer, dryer, and refrigerator. Exterior features include a gas grill, while the property requires updating to realize its next configuration.
The 0.0448-acre parcel includes a shared driveway and offers both off-street and on-street parking. The property is situated near public transportation, shopping, dining, and everyday amenities in Brooklyn. R4-1 zoning is in place.
The 0.0448-acre parcel includes a shared driveway and offers both off-street and on-street parking. The property is situated near public transportation, shopping, dining, and everyday amenities in Brooklyn. R4-1 zoning is in place.
Key Highlights
- 3‑bedroom, 2‑bath duplex property with 1,104 square feet
- 0.0448‑acre parcel with a shared driveway
- R4‑1 zoning
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
$38,664
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
4.30%
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%
$773,280
$773.3K
Cap Rate 7%
$552,343
$552.3K
Cap Rate 9%
$429,600
$429.6K
Market Conditions
NOI Build-Up for 1,104 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
$56.3K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$55.2K $50.03/SF
− OpEx
−$16.6K −$15.01/SF
NOI
$38.7K $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%
$773,280
Cap Rate 7%
$552,343
Cap Rate 9%
$429,600
Alternative Uses
Best Use
Multifamily LT 5
$552.3K
$483.3K – $644.4K
NOI $38,664 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$481.5K
$421.3K – $561.7K
NOI $33,704 @ 7.0% cap · market cap 3.75%
Theoretical Best
Specialty Retail
$914.1K
$799.9K – $1.07M
NOI $63,988 @ 7.0% cap · market cap 7.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,627
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R4-1 zoning, a shared driveway, and both on- and off-street parking are part of the property profile.
Where is this duplex located?
The property is located at 1960 W 9th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath duplex property with 1,104 square feet; 0.0448‑acre parcel with a shared driveway; R4‑1 zoning
