Renovated Brick
New
For Sale
$1,099,000
2060 E 63rd Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size2,080 SF
Lot Size0.06 Acres
Price / SF$528.37
Days on Market2
Property Features for 2060 E 63rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1
Interior features
A/C Unit - Wall, Refrigerator, Stove
Basement
Unfinished
Subdivision
Mill Basin
Standard status
Active
Size
2,080 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8264
Building Details
Year built
1955
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Jason Sciulara
(718) 763-4110
Added: Aug 13
Last Checked: Aug 14 at 2:06AM
MLS# 503733
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 semi-attached brick duplex contains 2,080 square feet and was built in 1955. The upper residence has three bedrooms and one full bathroom, while the lower residence provides two bedrooms and one full bathroom. A large unfinished basement adds utility space. Recent renovations, 8-foot ceilings, tile and hardwood flooring, and two separate boilers contribute to the property’s functional configuration. Interior features include wall-mounted A/C units, a refrigerator, and a stove.
The property is located near schools, transportation, a supermarket, and Kings Plaza mall. It is situated on a 0.0643-acre lot and carries R3-2 zoning.
The property is located near schools, transportation, a supermarket, and Kings Plaza mall. It is situated on a 0.0643-acre lot and carries R3-2 zoning.
Key Highlights
- Two‑family semi‑attached brick property with 2,080 square feet
- Three‑bedroom, one‑bath residence over a two‑bedroom, one‑bath residence
- Large unfinished basement provides additional utility space
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
$72,845
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
6.63%
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%
$1,456,900
$1.5M
Cap Rate 7%
$1,040,643
$1.0M
Cap Rate 9%
$809,389
$809.4K
Market Conditions
NOI Build-Up for 2,080 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
$106.1K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$104.1K $50.03/SF
− OpEx
−$31.2K −$15.01/SF
NOI
$72.8K $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%
$1,456,900
Cap Rate 7%
$1,040,643
Cap Rate 9%
$809,389
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$910.6K – $1.21M
NOI $72,845 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$907.1K
$793.8K – $1.06M
NOI $63,500 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,557 @ 7.0% cap · market cap 10.97%
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
1,858
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer individual heating systems, basement storage, and proximity to shopping, schools, and transportation.
Where is this duplex located?
The property is located at 2060 E 63rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two‑family semi‑attached brick property with 2,080 square feet; Three‑bedroom, one‑bath residence over a two‑bedroom, one‑bath residence; Large unfinished basement provides additional utility space
