Duplex Property with Parquet
For Sale
$699,000
2029 E 64th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,325 SF
Lot Size0.05 Acres
Price / SF$527.55
Days on Market86
Property Features for 2029 E 64th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Interior features
Microwave, Refrigerator, Stove
Basement
Full, Unfinished
Subdivision
Mill Basin
Standard status
Active
Size
1,325 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7079
Building Details
Year built
1930
Floors in Building
2
Flooring type
Parquet Wood
Building materials
Brick, Wood Frame
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Doreen Alfano
(917) 257-0211
Added: Jun 17
Changed: Sep 9
Last Checked: Sep 10 at 4:06AM
MLS# 502377
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 duplex property was built in 1930 and measures 1,325 square feet on a 0.0528-acre lot. The interior includes parquet wood flooring, a sunroom, three bedrooms, one full bathroom, and a full basement. Kitchen appliances include a microwave, refrigerator, and stove. Construction incorporates brick and wood framing, while the R3-2 zoning designation is also noted.
The property is located near transportation, P.S. 236, and shopping. Its Brooklyn setting, basement storage, and combination of residential rooms and supporting spaces provide a defined physical profile for review by prospective buyers.
The property is located near transportation, P.S. 236, and shopping. Its Brooklyn setting, basement storage, and combination of residential rooms and supporting spaces provide a defined physical profile for review by prospective buyers.
Key Highlights
- 1,325‑square‑foot duplex property on a 0.0528‑acre lot
- Three bedrooms, one full bathroom, sunroom, and full basement
- Parquet wood flooring and original interior details
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
$46,404
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
6.64%
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%
$928,080
$928.1K
Cap Rate 7%
$662,914
$662.9K
Cap Rate 9%
$515,600
$515.6K
Market Conditions
NOI Build-Up for 1,325 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
$67.6K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$66.3K $50.03/SF
− OpEx
−$19.9K −$15.01/SF
NOI
$46.4K $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%
$928,080
Cap Rate 7%
$662,914
Cap Rate 9%
$515,600
Alternative Uses
Best Use
Multifamily LT 5
$662.9K
$580.1K – $773.4K
NOI $46,404 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$577.9K
$505.6K – $674.2K
NOI $40,451 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$1.10M
$960.0K – $1.28M
NOI $76,797 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,724
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Brick-and-wood-frame property with a sunroom, full basement, and original interior details.
Where is this duplex located?
The property is located at 2029 E 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,325‑square‑foot duplex property on a 0.0528‑acre lot; Three bedrooms, one full bathroom, sunroom, and full basement; Parquet wood flooring and original interior details
