Updated Duplex with Private
New
For Sale
$825,000
2130 Batchelder Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size928 SF
Lot Size0.04 Acres
Price / SF$889.01
Days on Market2
Property Features for 2130 Batchelder Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
Parking features
Garage
Interior features
Laundry Area, Refrigerator, Stove
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
928 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5147
Building Details
Year built
1950
Floors in Building
2
Flooring type
Hardwood
Roof type
Rubber
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Added: Sep 3
Last Checked: Sep 4 at 11:06PM
MLS# 504247
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 duplex provides 928 square feet of residential space with an updated interior and a practical multi-level layout. The main level includes living and dining areas along with a renovated kitchen featuring high-counter seating. Two bedrooms and an updated full bathroom are located upstairs, while the lower level adds flexible space, another full bathroom, and a dedicated laundry area. Hardwood flooring, newer windows, an updated cooling system, and a newer hot water heater are among the property improvements.
Exterior features include a private garage, two private parking spaces, and outdoor space suitable for relaxing, barbecuing, or gardening. Public transportation access includes nearby B3 and B44 bus service with connections to the Q train. The property is zoned R4, was built in 1950, and occupies 0.0367 acres.
Exterior features include a private garage, two private parking spaces, and outdoor space suitable for relaxing, barbecuing, or gardening. Public transportation access includes nearby B3 and B44 bus service with connections to the Q train. The property is zoned R4, was built in 1950, and occupies 0.0367 acres.
Key Highlights
- 928 square feet of residential space
- 0.0367‑acre lot zoned R4
- Two bedrooms and two full bathrooms
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
$32,500
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
3.94%
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%
$650,000
$650.0K
Cap Rate 7%
$464,286
$464.3K
Cap Rate 9%
$361,111
$361.1K
Market Conditions
NOI Build-Up for 928 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
$47.3K $51.00/SF
− Vacancy
−$899 −$0.97/SF
EGI
$46.4K $50.03/SF
− OpEx
−$13.9K −$15.01/SF
NOI
$32.5K $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%
$650,000
Cap Rate 7%
$464,286
Cap Rate 9%
$361,111
Alternative Uses
Best Use
Multifamily LT 5
$464.3K
$406.3K – $541.7K
NOI $32,500 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$404.7K
$354.1K – $472.2K
NOI $28,331 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$768.4K
$672.3K – $896.5K
NOI $53,787 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,113
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 - Renovated kitchen, dedicated laundry, garage parking, and outdoor space support practical residential use.
Where is this duplex located?
The property is located at 2130 Batchelder Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 928 square feet of residential space; 0.0367‑acre lot zoned R4; Two bedrooms and two full bathrooms
