Gated Brick Duplex
For Sale
$1,899,999
2026 E 74th Street, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size3,928 SF
Lot Size0.15 Acres
Price / SF$483.71
Days on Market54
Property Features for 2026 E 74th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
5
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 5, Bathroom 1
Interior features
A/C Unit - Wall, Alarm, Central Air, Dishwasher, Disposal, Dryer, Fireplace, Laundry Area, Microwave, Pool, Refrigerator, Stove, Terrace, Washer
Fireplace
1
Basement
Full, Finished
Subdivision
Bergen Beach
Standard status
Active
Size
3,928 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
17500
Amenities
gated
garage
laundry room
patio
pool
outdoor kitchenette
security system
heated floors
steam showers
Jacuzzi tubs
Building Details
Year built
1982
Floors in Building
2
Number of units
2
Flooring type
Ceramic, Hardwood, Granite
Building materials
Brick
Roof type
Rubber
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Doreen Alfano
(718) 763-4110
Added: Jul 6
Changed: Aug 22
Last Checked: Aug 28 at 11:06AM
MLS# 502750
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 gated brick duplex residence, built in 1982, contains 3,928 square feet and is arranged for owner occupancy alongside a separate tenant unit. The primary residence includes three bedrooms, four bathrooms, an eat-in kitchen, formal dining room, two family rooms with gas fireplaces, a finished basement, laundry room, garage with interior access, and multiple upgraded finishes. The tenant unit spans three levels with two bedrooms, two bathrooms, a finished basement, and dedicated laundry facilities.
Outdoor improvements include a patio, heated saltwater pool, and private kitchenette. Interior details include granite surfaces, parquet and hardwood flooring, cathedral-height ceilings, Pella windows, custom oak doors, steam showers, Jacuzzi tubs, and heated bathroom floors. Central air, wall-unit A/C, security alarms, perimeter cameras, and a double driveway provide additional property features. The residence is located in Brooklyn’s Bergen Beach area at 2026 E 74th Street.
Outdoor improvements include a patio, heated saltwater pool, and private kitchenette. Interior details include granite surfaces, parquet and hardwood flooring, cathedral-height ceilings, Pella windows, custom oak doors, steam showers, Jacuzzi tubs, and heated bathroom floors. Central air, wall-unit A/C, security alarms, perimeter cameras, and a double driveway provide additional property features. The residence is located in Brooklyn’s Bergen Beach area at 2026 E 74th Street.
Key Highlights
- 3,928‑square‑foot two‑family brick residence built in 1982
- Primary residence offers 3 bedrooms and 4 bathrooms
- Tenant unit spans 3 levels with 2 bedrooms and 2 bathrooms
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
$137,565
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
7.24%
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%
$2,751,300
$2.8M
Cap Rate 7%
$1,965,214
$2.0M
Cap Rate 9%
$1,528,500
$1.5M
Market Conditions
NOI Build-Up for 3,928 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
$200.3K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$196.5K $50.03/SF
− OpEx
−$59.0K −$15.01/SF
NOI
$137.6K $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%
$2,751,300
Cap Rate 7%
$1,965,214
Cap Rate 9%
$1,528,500
Alternative Uses
Best Use
Multifamily LT 5
$1.97M
$1.72M – $2.29M
NOI $137,565 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$1.71M
$1.50M – $2.00M
NOI $119,918 @ 7.0% cap · market cap 6.31%
Theoretical Best
Specialty Retail
$3.25M
$2.85M – $3.79M
NOI $227,667 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,239
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Two-family brick property with separate laundry areas, finished basement space, outdoor pool, and parking for four cars.
Where is this duplex located?
The property is located at 2026 E 74th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,999.
What are key features of this property?
This property features: 3,928‑square‑foot two‑family brick residence built in 1982; Primary residence offers 3 bedrooms and 4 bathrooms; Tenant unit spans 3 levels with 2 bedrooms and 2 bathrooms
