Brick Duplex With
For Sale
$1,799,000
2032 84th Street, Brooklyn, NY 11214
MULTI_FAMILY - Colonial - Brooklyn, NY
Property Size2,320 SF
Lot Size0.06 Acres
Price / SF$775.43
Days on Market10
Property Features for 2032 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking features
Garage, Driveway, On Street
Patio and Porch features
Patio
Fencing
Fenced
Basement
Finished
Lot features
Front Yard, Back Yard
Subdivision
Bensonhurst
Standard status
Active
APN
06334-0018
Size
2,320 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9097
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Steam
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Building materials
Brick
Architectural style
Colonial
Listing Agency:
Tom Crimmins Realty, Ltd.
(718) 370-3200
Listed By:
John J Lauria
(917) 484-2080
Added: Aug 3
Changed: Aug 12
Last Checked: Aug 12 at 10:06PM
MLS# 2604370
Copyright © 2026 Staten Island Board of Realtors. 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 2,320-square-foot Colonial duplex was built in 1935 with brick construction and includes two residential apartments. The first-floor unit contains two bedrooms, a living room, dining room, eat-in kitchen, and full bathroom, while the upper unit provides three bedrooms, a living room, eat-in kitchen, and full bathroom. Interior features include ceramic and parquet flooring, renovated or updated kitchens and baths, generous closet storage, and a connecting butler staircase. The basement includes a kitchen, full bathroom, and separate entrance, with potential for studio use as described in the property information.
Recent improvements include updated windows, a 50-gallon hot water heater, and a rubber membrane roof. The property uses natural gas and steam heat, has public sewer service, and includes a shared driveway leading to a two-car garage. A covered porch, patio, and fencing add to the exterior features. The home is located near shopping and restaurants on 86th Street, parks, and public transportation in Brooklyn’s 11214 ZIP code.
Recent improvements include updated windows, a 50-gallon hot water heater, and a rubber membrane roof. The property uses natural gas and steam heat, has public sewer service, and includes a shared driveway leading to a two-car garage. A covered porch, patio, and fencing add to the exterior features. The home is located near shopping and restaurants on 86th Street, parks, and public transportation in Brooklyn’s 11214 ZIP code.
Key Highlights
- Two‑unit Colonial duplex with 2,320 square feet of property size
- 0.0574‑acre lot with brick construction and 1935 build year
- First‑floor apartment has 2 bedrooms; second‑floor apartment has 3 bedrooms
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 include updated kitchens, multiple bedrooms, and a basement area with separate-entry potential.
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‑unit Colonial duplex with 2,320 square feet of property size; 0.0574‑acre lot with brick construction and 1935 build year; First‑floor apartment has 2 bedrooms; second‑floor apartment has 3 bedrooms
