Detached Duplex with
For Sale
$1,628,000
2061 80th Street, Brooklyn, NY 11214
Two three-bedroom residences feature a semi-finished basement, replacement windows, and gas heat and hot water.
Property Size1,940 SF
Lot Size0.07 Acres
Price / SF$839.18
Days on Market12
Property Features for 2061 80th Street
General Information
Standard status
Active
Size
1,940 SF
Total Parking Spaces
3
Lot size
0.07 Acres
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(917) 439-8909
Listed By:
Anthony Mussolino · License #am4485
Source:
Remaxedgenyc
Added: Aug 22
Changed: Aug 29
Last Checked: Sep 1 at 3:08PM
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 Ben Bay Realty Co of Bay Ridge
Investment Insights
Based on property information with market context.
This fully detached duplex at 2061 80th St comprises three bedrooms over three bedrooms, providing two residential levels within a 20'x52' house. The property also includes a full semi-finished basement with a side entrance, modern baths, replacement windows throughout, and gas heat and hot water. Full possession is available at closing.
The building occupies a 30'x100' lot in Bensonhurst and includes a shared driveway, one detached garage, and three-car total parking. Shopping, schools, and public transportation are nearby. Walk Score is 96, Transit Score is 86, and Bike Score is 67. Built in 1925, the property offers a detached two-family configuration with established access and parking improvements.
The building occupies a 30'x100' lot in Bensonhurst and includes a shared driveway, one detached garage, and three-car total parking. Shopping, schools, and public transportation are nearby. Walk Score is 96, Transit Score is 86, and Bike Score is 67. Built in 1925, the property offers a detached two-family configuration with established access and parking improvements.
Key Highlights
- Fully detached two‑family property with 3 bedrooms over 3 bedrooms
- Full semi‑finished basement with side entrance
- 30'x100' lot with a 20'x52' house
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
$52,913
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
3.25%
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%
$1,058,260
$1.1M
Cap Rate 7%
$755,900
$755.9K
Cap Rate 9%
$587,922
$587.9K
Market Conditions
NOI Build-Up for 1,940 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
$79.2K $40.80/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$75.6K $38.96/SF
− OpEx
−$22.7K −$11.69/SF
NOI
$52.9K $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%
$1,058,260
Cap Rate 7%
$755,900
Cap Rate 9%
$587,922
Alternative Uses
Best Use
Multifamily LT 5
$755.9K
$661.4K – $881.9K
NOI $52,913 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$677.5K
$592.8K – $790.4K
NOI $47,422 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.13M
$990.2K – $1.32M
NOI $79,219 @ 7.0% cap · market cap 4.87%
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
4,504
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences feature a semi-finished basement, replacement windows, and gas heat and hot water.
Where is this duplex located?
The property is located at 2061 80th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,628,000.
What are key features of this property?
This property features: Fully detached two‑family property with 3 bedrooms over 3 bedrooms; Full semi‑finished basement with side entrance; 30'x100' lot with a 20'x52' house
