Semi-Detached Duplex Home in
For Sale
$1,125,000
1981 New York Avenue, Brooklyn, NY 11210
SINGLE_FAMILY - Brooklyn, NY
Property Size1,408 SF
Lot Size0.05 Acres
Price / SF$799.01
Days on Market52
Property Features for 1981 New York Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Garage - Detached
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, A/C Unit - Window, Dishwasher, Laundry Area, Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Midwood
Standard status
Active
Size
1,408 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7580
Building Details
Year built
1925
Floors in Building
2
Flooring type
Laminate, Tile, Parquet Wood
Building materials
Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Kim Stavrach · License #STAIM1078
(718) 676-1755
Added: Jul 13
Changed: Aug 17
Last Checked: Sep 2 at 3:06PM
MLS# 502973
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.
R4 zoned semi-detached duplex home featuring three bedrooms and two and a half bathrooms. The home includes a front porch and a share drive, plus a newly finished basement. Interior amenities include A/C wall and window units, a dishwasher, microwave, refrigerator, and stove. Flooring consists of parquet wood, tile, and laminate. Construction is wood frame with a flat roof.
Built in 1925, the property sits on a 22x100 lot (2,200 SF). The built footprint is 16x42 (1,408 SF). The listing indicates FAR of .64/.75 with a maximum build of 1,649 SF. A detached garage is included, and a certificate of occupancy is indicated as available.
The seller notes the address as 1981 New York Avenue, Brooklyn, NY 11210.
Built in 1925, the property sits on a 22x100 lot (2,200 SF). The built footprint is 16x42 (1,408 SF). The listing indicates FAR of .64/.75 with a maximum build of 1,649 SF. A detached garage is included, and a certificate of occupancy is indicated as available.
The seller notes the address as 1981 New York Avenue, Brooklyn, NY 11210.
Key Highlights
- R4 zoned semi‑detached home with share drive and front porch
- Newly finished basement
- Lot size 22x100 (2,200 SF) and built size 16x42 (1,408 SF)
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
$49,311
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
4.38%
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%
$986,220
$986.2K
Cap Rate 7%
$704,443
$704.4K
Cap Rate 9%
$547,900
$547.9K
Market Conditions
NOI Build-Up for 1,408 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
$71.8K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$70.4K $50.03/SF
− OpEx
−$21.1K −$15.01/SF
NOI
$49.3K $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%
$986,220
Cap Rate 7%
$704,443
Cap Rate 9%
$547,900
Alternative Uses
Best Use
Multifamily LT 5
$704.4K
$616.4K – $821.9K
NOI $49,311 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,608 @ 7.0% cap · market cap 7.25%
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
3,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R4 zoned semi-detached home with a share drive, porch, detached garage, and a newly finished basement.
Where is this duplex located?
The property is located at 1981 New York Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: R4 zoned semi‑detached home with share drive and front porch; Newly finished basement; Lot size 22x100 (2,200 SF) and built size 16x42 (1,408 SF)
