Brick Two-Family Semi-Attached
For Sale
Contact for pricing
Pending
2102 61st Street, Brooklyn, NY 11204
Corner-lot two-family brick home with two five-room apartments, walk-out basement, and private off-street parking behind the house.
Property Size2,720 SF
Days on Market68
Property Features for 2102 61st Street
General Information
Standard status
Pending
Size
2,720 SF
Property subtype
Multifamily
Zoning
R5
Additional Details
Multifamily Units
2
Building Details
Year Built
1930
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeService Cangiano Estates
Listed By:
Antonio LoCascio · License #10401380353
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Jul 24 at 12:35PM
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 Berkshire Hathaway HomeService Cangiano Estates
Investment Insights
Based on property information with market context.
A solid brick, semi-attached two-family home offers two generously sized five-room apartments, with abundant natural sunlight throughout. The property includes a walk-out basement, a built-in one-car garage, and private off-street parking located behind the house. The corner-lot position adds privacy and extra light. An additional note from the current setup: the second-floor tenant created extra bedroom use space, resulting in three distinct bedroom areas.
Set on a desirable corner lot in Bensonhurst, Brooklyn, the home is within walking distance to shopping, restaurants, parks, houses of worship, and public transportation. The combination of a practical layout and flexible living space makes the property suitable for a range of residential uses.
For owner-occupants, the configuration can support comfortable multi-level living while retaining a second unit. For investors, the property’s two-apartment structure and on-site parking are practical features for tenant convenience. The built-in garage and private parking behind the home are especially valuable for Brooklyn-area daily use. At the same time, the walk-out basement provides additional functional space for storage, work, or other household needs, depending on how you plan to operate the property.
Set on a desirable corner lot in Bensonhurst, Brooklyn, the home is within walking distance to shopping, restaurants, parks, houses of worship, and public transportation. The combination of a practical layout and flexible living space makes the property suitable for a range of residential uses.
For owner-occupants, the configuration can support comfortable multi-level living while retaining a second unit. For investors, the property’s two-apartment structure and on-site parking are practical features for tenant convenience. The built-in garage and private parking behind the home are especially valuable for Brooklyn-area daily use. At the same time, the walk-out basement provides additional functional space for storage, work, or other household needs, depending on how you plan to operate the property.
Key Highlights
- Solid brick two‑family semi‑attached home built in 1930 on a corner lot in Bensonhurst, Brooklyn
- Two five‑room apartments (5/5) for a total of two rental units
- Walk‑out basement with built‑in layout features
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
$95,259
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
3.74%
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%
$1,905,180
$1.9M
Cap Rate 7%
$1,360,843
$1.4M
Cap Rate 9%
$1,058,433
$1.1M
Market Conditions
NOI Build-Up for 2,720 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
$138.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$136.1K $50.03/SF
− OpEx
−$40.8K −$15.01/SF
NOI
$95.3K $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%
$1,905,180
Cap Rate 7%
$1,360,843
Cap Rate 9%
$1,058,433
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,259 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.38M
NOI $83,039 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$2.25M
$1.97M – $2.63M
NOI $157,651 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,461
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
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Frequently Asked Questions
What type of property is this?
Duplex - Corner-lot two-family brick home with two five-room apartments, walk-out basement, and private off-street parking behind the house.
Where is this duplex located?
The property is located at 2102 61st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Solid brick two‑family semi‑attached home built in 1930 on a corner lot in Bensonhurst, Brooklyn; Two five‑room apartments (5/5) for a total of two rental units; Walk‑out basement with built‑in layout features
