Three-Bedroom Duplex with Walk-In
For Sale
$1,298,000
20 Corbin Place, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size2,106 SF
Lot Size0.05 Acres
Price / SF$616.33
Days on Market138
Property Features for 20 Corbin Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R6
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
2
Rooms
Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
Central Air, Dishwasher, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
Subdivision
Brighton Beach
Standard status
Active
Size
2,106 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9190
Amenities
custom Italian kitchen with Miele stainless steel appliances
built-in coffee machine
private terrace
backyard with built-in outdoor kitchen
built-in closets
Italian interior doors
primary bathroom with soaking tub and shower
radiant heated floors
Andersen windows
cherry wood flooring
cast iron stairs railing
three-zone central heating and cooling
tankless water heater
Miele washer/dryer
all-paved driveway and backyard with in-ground lighting
nine-foot ceilings
Swarovski chandeliers
crown moldings
Jacuzzi tub
custom-built Finland sauna
Building Details
Year built
1940
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Ceramic
Building materials
Block, Brick
Architectural style
Other
Listing Agency:
Maximillion Realty, Inc.
(718) 376-9300
Listed By:
Alla Veksler
(718) 376-9300
Added: Mar 29
Changed: Aug 3
Last Checked: Aug 13 at 9:06AM
MLS# 500062
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.
Renovated brick duplex with block construction, built in 1940, offering a three-bedroom duplex over a walk-in studio apartment with a separate entrance. The home spans 2,106 square feet on a 0.0479-acre lot and includes nine-foot ceilings, crown moldings, and Swarovski chandeliers.
Interiors are finished with cherry wood flooring and Andersen windows, plus a custom Italian kitchen with Miele stainless steel appliances, including a built-in coffee machine, oven, dishwasher, cooktop, and refrigerator. The layout connects living and formal dining areas and extends to a private terrace and an enormous backyard with direct access, including a built-in outdoor kitchen.
Comfort and mechanicals include radiant heated floors in all three bathrooms, three-zone central heating and cooling, and a tankless water heater. Additional features include a Finland sauna, Jacuzzi tub, and a washer/dryer. Parking is provided by an all-paved driveway and an attached garage for two convenient parking spots. The property can be used as a two-family home.
Interiors are finished with cherry wood flooring and Andersen windows, plus a custom Italian kitchen with Miele stainless steel appliances, including a built-in coffee machine, oven, dishwasher, cooktop, and refrigerator. The layout connects living and formal dining areas and extends to a private terrace and an enormous backyard with direct access, including a built-in outdoor kitchen.
Comfort and mechanicals include radiant heated floors in all three bathrooms, three-zone central heating and cooling, and a tankless water heater. Additional features include a Finland sauna, Jacuzzi tub, and a washer/dryer. Parking is provided by an all-paved driveway and an attached garage for two convenient parking spots. The property can be used as a two-family home.
Key Highlights
- Three‑bedroom duplex over walk‑in studio apartment with separate entrance
- Renovated brick/block construction built in 1940
- 2,106 SF interior on 0.0479‑acre lot
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
$73,756
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
5.68%
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%
$1,475,120
$1.5M
Cap Rate 7%
$1,053,657
$1.1M
Cap Rate 9%
$819,511
$819.5K
Market Conditions
NOI Build-Up for 2,106 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
$107.4K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$105.4K $50.03/SF
− OpEx
−$31.6K −$15.01/SF
NOI
$73.8K $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%
$1,475,120
Cap Rate 7%
$1,053,657
Cap Rate 9%
$819,511
Alternative Uses
Best Use
Multifamily LT 5
$1.05M
$922.0K – $1.23M
NOI $73,756 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$918.5K
$803.7K – $1.07M
NOI $64,294 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.03M
NOI $122,064 @ 7.0% cap · market cap 9.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 - Renovated brick duplex on R6 zoning with a three-bedroom layout plus a walk-in studio apartment and separate entrance.
Where is this duplex located?
The property is located at 20 Corbin Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Three‑bedroom duplex over walk‑in studio apartment with separate entrance; Renovated brick/block construction built in 1940; 2,106 SF interior on 0.0479‑acre lot
