Brick Duplex With Detached
For Sale
$1,799,000
2032 84th Street, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,320 SF
Lot Size0.06 Acres
Price / SF$775.43
Days on Market9
Property Features for 2032 84th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Parking features
Garage - Detached
Interior features
A/C Unit, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,320 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9100
Amenities
covered porch
butler staircase
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Tile, Parquet Wood
Building materials
Brick
Roof type
Flat
Architectural style
Colonial
Listing Agency:
Tom Crimmins Realty
(718) 370-3200
Listed By:
John J. Lauria
(718) 370-3200
Added: Aug 4
Changed: Aug 9
Last Checked: Aug 12 at 8:06AM
MLS# 503369
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 2,320-square-foot duplex is an all-brick Colonial built in 1935 on a 0.0574-acre lot. The first unit includes two bedrooms, a living room, dining room, eat-in kitchen, and full bath. Upstairs, a separate three-bedroom residence provides a living room, primary bedroom, additional bedrooms, eat-in kitchen, and full bath. Tile and parquet flooring appear throughout the home, with updated kitchens and bathrooms, replacement windows, and ample closet storage. A basement adds a kitchen, full bath, and separate entrance. The property also includes a covered porch, shared driveway, detached two-car garage, gas/steam heat, and a 50-gallon hot water heater. The recent rubber membrane roof and R5 zoning add further physical and land-use detail.
Located at 2032 84th Street in Brooklyn, the property is near shopping along 86th Street, restaurants, parks, and public transportation.
Located at 2032 84th Street in Brooklyn, the property is near shopping along 86th Street, restaurants, parks, and public transportation.
Key Highlights
- 2,320 SF duplex on a 0.0574‑acre lot
- Two‑bedroom and three‑bedroom residential units
- All‑brick Colonial constructed in 1935
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
Multi-tenant
Tenancy
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 offer separate layouts, updated kitchens and baths, plus basement utility space with its own entrance.
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: 2,320 SF duplex on a 0.0574‑acre lot; Two‑bedroom and three‑bedroom residential units; All‑brick Colonial constructed in 1935
