Attached Brick Duplex
For Sale
$1,080,000
2118 E 26th St, Brooklyn, NY 11229
Two separately accessed residences include a one-bedroom apartment and an upper-level three-bedroom duplex.
Property Size2,113 SF
Lot Size0.04 Acres
Price / SF$511.12
Days on Market12
Property Features for 2118 E 26th St
General Information
Standard status
Active
Size
2,113 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,674
Amenities
porch
deck
Building Details
Building Size
2,113 SF
Year Built
1940
Buildings
1
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Jimmy W. Lu · License #10401363951
(718) 612-3088
Source:
Elliman
Added: Aug 2
Changed: Aug 11
Last Checked: Aug 12 at 9:38AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Built in 1940, this attached brick two-family property contains approximately 2,113 square feet of living space on an 18' × 100' lot. The 18' × 38' building includes a one-bedroom, one-bath apartment with its own entrance and a three-bedroom, 1.5-bath upper duplex. The larger residence provides a living room, formal dining room, custom kitchen, front and rear porch, deck, and generously sized bedrooms. A built-in garage and private driveway add on-site parking and storage utility.
The property is located at 2118 E 26th St in Brooklyn's Sheepshead Bay, near shopping, restaurants, schools, B/Q subway service, and B3, B36, and B44 bus routes. Walk Score is 96, Transit Score is 84, and Bike Score is 63.
The property is located at 2118 E 26th St in Brooklyn's Sheepshead Bay, near shopping, restaurants, schools, B/Q subway service, and B3, B36, and B44 bus routes. Walk Score is 96, Transit Score is 84, and Bike Score is 63.
Key Highlights
- Two‑family layout with a 1‑bedroom, 1‑bath apartment and a 3‑bedroom, 1.5‑bath duplex
- Approximately 2,113 square feet of living space on an 18' × 100' lot
- 18' × 38' attached brick building constructed in 1940
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
$74,001
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
6.85%
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%
$1,480,020
$1.5M
Cap Rate 7%
$1,057,157
$1.1M
Cap Rate 9%
$822,233
$822.2K
Market Conditions
NOI Build-Up for 2,113 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
$107.8K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$105.7K $50.03/SF
− OpEx
−$31.7K −$15.01/SF
NOI
$74.0K $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%
$1,480,020
Cap Rate 7%
$1,057,157
Cap Rate 9%
$822,233
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$925.0K – $1.23M
NOI $74,001 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$921.5K
$806.4K – $1.08M
NOI $64,508 @ 7.0% cap · market cap 5.97%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,469 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,570
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Two separately accessed residences include a one-bedroom apartment and an upper-level three-bedroom duplex.
Where is this duplex located?
The property is located at 2118 E 26th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two‑family layout with a 1‑bedroom, 1‑bath apartment and a 3‑bedroom, 1.5‑bath duplex; Approximately 2,113 square feet of living space on an 18' × 100' lot; 18' × 38' attached brick building constructed in 1940
