Two-Family Duplex with Private
New
For Sale
$2,988,000
214 80th Street, Brooklyn, NY 11209
Separate entrances serve both residences, with the upper apartment arranged across two levels.
Property Size2,435 SF
Price / SF$1,227
Days on Market7
Property Features for 214 80th Street
General Information
Standard status
Active
Size
2,435 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$15,252
Amenities
front porch
private terrace
deep backyard
full basement
laundry room
utility room
extensive storage
custom woodwork
high ceilings
private entrance
Building Details
Building Size
2,435 SF
Year Built
1925
Listing Agency:
Daniel Gale of Brooklyn LLC
Listed By:
Evangelia Boudourakis
(631) 423-1180
Source:
Miradorrealestate
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 5:38PM
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 Daniel Gale of Brooklyn LLC
Investment Insights
Based on property information with market context.
This 2,435-square-foot duplex property, built in 1925, contains two residences with separate entrances. The first-floor apartment has three bedrooms, a full bath, living and dining rooms, and an eat-in kitchen. Above, the upper residence occupies two levels and includes three bedrooms, two full baths, an eat-in kitchen, and a private terrace. A full-home basement provides laundry, utility, and storage areas, with two exterior exits.
The property occupies a 40-by-109.33-foot lot on 80th Street in Bay Ridge, Brooklyn. Its backyard extends behind the home, and a front porch faces the street.
The listing photos have been virtually enhanced and staged and do not represent the property's actual condition.
The property occupies a 40-by-109.33-foot lot on 80th Street in Bay Ridge, Brooklyn. Its backyard extends behind the home, and a front porch faces the street.
The listing photos have been virtually enhanced and staged and do not represent the property's actual condition.
Key Highlights
- Two residences, each with a private entrance
- 2,435 square feet; built in 1925
- 40' x 109.33' property in Bay Ridge
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,278
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,560
$1.7M
Cap Rate 7%
$1,218,257
$1.2M
Cap Rate 9%
$947,533
$947.5K
Market Conditions
NOI Build-Up for 2,435 SF
Gross rent
$124.2K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.8K $50.03/SF
− OpEx
−$36.5K −$15.01/SF
NOI
$85.3K $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 Rate 5%
$1,705,560
Cap Rate 7%
$1,218,257
Cap Rate 9%
$947,533
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.07M – $1.42M
NOI $85,278 @ 7.0% cap · market cap 2.85%
Second Best
Apartment 5plus
$1.06M
$929.2K – $1.24M
NOI $74,338 @ 7.0% cap · market cap 2.49%
Theoretical Best
Specialty Retail
$2.02M
$1.76M – $2.35M
NOI $141,133 @ 7.0% cap · market cap 4.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,591
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
Check the figures for this property
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 - Separate entrances serve both residences, with the upper apartment arranged across two levels.
Where is this duplex located?
The property is located at 214 80th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: Two residences, each with a private entrance; 2,435 square feet; built in 1925; 40' x 109.33' property in Bay Ridge
