Building Details

Building Size 1,600 SF

Year Built 1930

Buildings 1

Stories 2

Listing Agency: Womcore LLC dba Remax Edge

Listed By: Qikang Mei · License #10401207839 Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 1:57PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Womcore LLC dba Remax Edge

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Investment Insights

Based on property information with market context.

This two-family duplex property has a 16-foot-by-50-foot building on a 20-foot-by-100-foot lot. The first-floor duplex is arranged with a living room, kitchen, four bedrooms, and two full bathrooms. The second-floor apartment includes two bedrooms, a living room, an eat-in kitchen with dining area, and one full bathroom. The home was built in 1930 and renovated approximately eight years ago.

The property is in Gravesend, Brooklyn, with access to the N and R subway lines. Shopping, restaurants, educational options, and neighborhood amenities are nearby.

Key Highlights

• Two‑family property with a first‑floor duplex and a separate second‑floor apartment
• Building measures 16’ × 50’; lot measures 20’ × 100’
• First‑floor layout includes 4 bedrooms and 2 full bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,035

Cap Rate

4.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,120,700 $1.1M

Cap Rate 7%

$800,500 $800.5K

Cap Rate 9%

$622,611 $622.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,600 SF

Gross rent

$81.6K $51.00/SF

− Vacancy

−$1.6K −$0.97/SF

EGI

$80.0K $50.03/SF

− OpEx

−$24.0K −$15.01/SF

NOI

$56.0K $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 Rate 5%

$1,120,700

Cap Rate 7%

$800,500

Cap Rate 9%

$622,611

Alternative Uses

Best Use

Multifamily LT 5

$800.5K

$700.4K – $933.9K (±1% cap)

NOI $56,035 @ 7.0% cap · market cap 4.53%

Second Best

Apartment 5plus

$697.8K

$610.6K – $814.1K (±1% cap)

NOI $48,846 @ 7.0% cap · market cap 3.95%

Theoretical Best

Specialty Retail

$1.32M

$1.16M – $1.55M (±1% cap)

NOI $92,736 @ 7.0% cap · market cap 7.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Tattoo & Piercing Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

3,242

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - A two-level first-floor residence is paired with a separate second-floor apartment.

Where is this duplex located?

The property is located at 2027 W 10th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,238,000.

What are key features of this property?

This property features: Two‑family property with a first‑floor duplex and a separate second‑floor apartment; Building measures 16’ × 50’; lot measures 20’ × 100’; First‑floor layout includes 4 bedrooms and 2 full bathrooms