Brick Two-Family
For Sale
Contact for pricing
2032 84th Street, Brooklyn, NY 11214
Two residential units feature updated kitchens, full baths, and distinct floor plans.
Property Size2,320 SF
Price / SF$775.43
Days on Market10
Property Features for 2032 84th Street
General Information
Standard status
Active
Size
2,320 SF
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
R5
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Amenities
covered porch
Building Details
Year Built
1935
Buildings
1
Stories
2
Units
2
Construction
brick
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
John J. Lauria · License #New York
Source:
Crexi
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 13 at 10:59AM
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 Tom Crimmins Realty, Ltd.
Investment Insights
Based on property information with market context.
This all-brick duplex contains two residential apartments arranged across the first and second floors. The first-floor unit has a living room, dining room, eat-in kitchen, full bath, and two bedrooms, with ceramic flooring and a renovated kitchen featuring European-style cabinetry. The upper apartment includes a living room, eat-in kitchen, full bath, and three bedrooms, including an oversized primary bedroom, with parquet and ceramic flooring. A basement provides a possible studio layout with a kitchen, full bath, and separate entrance.
Property improvements include updated windows, a 50-gallon hot water heater, and a recent rubber membrane roof. Gas/steam heat serves the home. A shared driveway leads to a two-car garage, while a butler staircase connects the basement through the second floor. The property is zoned R5, was built in 1935, and measures 2,320 square feet. Shopping, restaurants, parks, and public transportation are located near 86th Street.
Property improvements include updated windows, a 50-gallon hot water heater, and a recent rubber membrane roof. Gas/steam heat serves the home. A shared driveway leads to a two-car garage, while a butler staircase connects the basement through the second floor. The property is zoned R5, was built in 1935, and measures 2,320 square feet. Shopping, restaurants, parks, and public transportation are located near 86th Street.
Key Highlights
- Two‑family duplex with 2,320 square feet
- First‑floor 2‑bedroom apartment and second‑floor 3‑bedroom apartment
- Basement includes possible studio, full bath, kitchen, and separate entrance
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
$63,278
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
3.52%
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%
$1,265,560
$1.3M
Cap Rate 7%
$903,971
$904.0K
Cap Rate 9%
$703,089
$703.1K
Market Conditions
NOI Build-Up for 2,320 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
$94.7K $40.80/SF
− Vacancy
−$4.3K −$1.84/SF
EGI
$90.4K $38.96/SF
− OpEx
−$27.1K −$11.69/SF
NOI
$63.3K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,265,560
Cap Rate 7%
$903,971
Cap Rate 9%
$703,089
Alternative Uses
Best Use
Multifamily LT 5
$904.0K
$791.0K – $1.05M
NOI $63,278 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,736 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,458
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Two residential units feature updated kitchens, full baths, and distinct floor plans.
Where is this duplex located?
The property is located at 2032 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Two‑family duplex with 2,320 square feet; First‑floor 2‑bedroom apartment and second‑floor 3‑bedroom apartment; Basement includes possible studio, full bath, kitchen, and separate entrance
