Brick Duplex with Vacant
For Sale
$1,529,000
2073 65th Street, Brooklyn, NY 11204
Residential, Brooklyn, NY
Property Size1,730 SF
Lot Size0.05 Acres
Price / SF$883.82
Days on Market29
Property Features for 2073 65th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 3
Basement
Full, Unfinished
Subdivision
Bensonhurst
Standard status
Active
Size
1,730 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8094
Building Details
Year built
1940
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Flat
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Vincent Blandino · License #BLANT5781
(718) 232-1004
Added: Sep 3
Changed: Sep 16
Last Checked: Oct 1 at 3:06PM
MLS# 504210
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-detached duplex is a brick two-family residence built in 1940 and offered completely vacant. The 1,730-square-foot property includes three bedrooms and two bathrooms, with a first floor that measures 20 by 60 feet in part due to a 10 by 15-foot dining-room extension; the second floor measures 20 by 40 feet. A flat roof and exterior front and rear basement entrances are also included, along with a walkway connecting the front and rear yards.
The property occupies 0.0528 acres and is zoned R5. It is situated on 65th Street in Brooklyn between 18th Avenue and Bay Parkway, with access to nearby shopping and transportation. The residence requires TLC and is being delivered vacant.
The property occupies 0.0528 acres and is zoned R5. It is situated on 65th Street in Brooklyn between 18th Avenue and Bay Parkway, with access to nearby shopping and transportation. The residence requires TLC and is being delivered vacant.
Key Highlights
- Two‑family brick duplex delivered completely vacant
- 1,730 square feet on a 0.0528‑acre lot
- First floor partly measures 20 by 60 feet, including a 10 by 15‑foot dining‑room extension
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
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Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached brick two-family property with exterior basement access and a private walkway connecting the front and rear yards.
Where is this duplex located?
The property is located at 2073 65th Street 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 brick duplex delivered completely vacant; 1,730 square feet on a 0.0528‑acre lot; First floor partly measures 20 by 60 feet, including a 10 by 15‑foot dining‑room extension
