Brick Duplex with Finished
For Sale
$1,100,000
1981 E 26th Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,184 SF
Lot Size0.05 Acres
Price / SF$929.05
Days on Market18
Property Features for 1981 E 26th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Parking features
Garage - Detached
Interior features
Dryer, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Madison
Standard status
Active
Size
1,184 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5865
Amenities
full finished basement
Building Details
Year built
1940
Flooring type
Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
King H. Li
(718) 252-6060
Added: Aug 13
Changed: Aug 24
Last Checked: Aug 30 at 7:06AM
MLS# 503693
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 1,184-square-foot brick duplex was built in 1940 and includes a full finished basement, hardwood flooring, a flat roof, and a detached garage. The property also has a shared driveway and is offered in need of renovation, providing an opportunity to update the existing layout and finishes. Interior appliances include a washer, dryer, refrigerator, and stove.
Set on a 0.0459-acre lot in Brooklyn, the property is near places of worship, the B44 and B3 bus lines, and the shops, restaurants, cafes, and daily services along Avenue U. Marine Park is also nearby for outdoor recreation. The property is zoned R3-2.
Set on a 0.0459-acre lot in Brooklyn, the property is near places of worship, the B44 and B3 bus lines, and the shops, restaurants, cafes, and daily services along Avenue U. Marine Park is also nearby for outdoor recreation. The property is zoned R3-2.
Key Highlights
- 1,184 SF brick duplex built in 1940
- Full finished basement provides additional interior space
- Detached garage and shared driveway
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
$41,466
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
3.77%
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%
$829,320
$829.3K
Cap Rate 7%
$592,371
$592.4K
Cap Rate 9%
$460,733
$460.7K
Market Conditions
NOI Build-Up for 1,184 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
$60.4K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$59.2K $50.03/SF
− OpEx
−$17.8K −$15.01/SF
NOI
$41.5K $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%
$829,320
Cap Rate 7%
$592,371
Cap Rate 9%
$460,733
Alternative Uses
Best Use
Multifamily LT 5
$592.4K
$518.3K – $691.1K
NOI $41,466 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$516.4K
$451.8K – $602.4K
NOI $36,146 @ 7.0% cap · market cap 3.29%
Theoretical Best
Specialty Retail
$980.4K
$857.8K – $1.14M
NOI $68,625 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
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
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 - Finished basement, detached garage, and shared driveway add usable space and convenience.
Where is this duplex located?
The property is located at 1981 E 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1,184 SF brick duplex built in 1940; Full finished basement provides additional interior space; Detached garage and shared driveway
