Brick Duplex with Vacant
New
For Sale
$1,529,000
2073 65th St, Brooklyn, NY 11204
Semi-detached brick duplex with separate exterior basement access and a layout suited to renovation planning.
Property Size1,730 SF
Days on Market3
Property Features for 2073 65th St
General Information
Standard status
Active
Size
1,730 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,094
Building Details
Building Size
1,730 SF
Year Built
1940
Stories
2
Listing Agency:
Weichert Realtors The Franzese
Listed By:
Vincent Blandino · License #BLANT5781
(718) 232-1004
Source:
Elliman
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 6 at 7:47AM
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 Weichert Realtors The Franzese
Investment Insights
Based on property information with market context.
This semi-detached two-family brick residence offers separate front and rear exterior access to the basement, along with good ceiling height. The first floor includes a 10-by-15-foot dining-room extension within an approximately 20-by-60-foot footprint, while the second floor measures approximately 20 by 40 feet. The property requires work, and digitally enhanced images illustrate potential improvements rather than current conditions. A passage along the exterior connects the front and rear yards, adding practical site access. The building will be delivered completely vacant.
Located on 65th Street between 18th Avenue and Bay Parkway, the property is positioned near shopping and transportation. Walk Score is 96, Transit Score is 86, and Bike Score is 67. Built in 1940, the duplex provides a brick structure, two-family configuration, basement access, and an existing extension for future planning.
Located on 65th Street between 18th Avenue and Bay Parkway, the property is positioned near shopping and transportation. Walk Score is 96, Transit Score is 86, and Bike Score is 67. Built in 1940, the duplex provides a brick structure, two-family configuration, basement access, and an existing extension for future planning.
Key Highlights
- Two‑family semi‑detached brick residence delivered completely vacant
- First floor includes a 10x15 extension and approximately 20x60 footprint
- Second floor measures approximately 20x40
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
$60,588
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
3.96%
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%
$1,211,760
$1.2M
Cap Rate 7%
$865,543
$865.5K
Cap Rate 9%
$673,200
$673.2K
Market Conditions
NOI Build-Up for 1,730 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
$88.2K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$86.6K $50.03/SF
− OpEx
−$26.0K −$15.01/SF
NOI
$60.6K $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%
$1,211,760
Cap Rate 7%
$865,543
Cap Rate 9%
$673,200
Alternative Uses
Best Use
Multifamily LT 5
$865.5K
$757.4K – $1.01M
NOI $60,588 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$754.5K
$660.2K – $880.3K
NOI $52,815 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $100,271 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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 - Semi-detached brick duplex with separate exterior basement access and a layout suited to renovation planning.
Where is this duplex located?
The property is located at 2073 65th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,529,000.
What are key features of this property?
This property features: Two‑family semi‑detached brick residence delivered completely vacant; First floor includes a 10x15 extension and approximately 20x60 footprint; Second floor measures approximately 20x40
