Duplex with Private
New
For Sale
$1,970,000
214 Eagle Street, Brooklyn, NY 11222
Updated duplex with solar panels, flexible living areas, and a private backyard pool.
Property Size2,268 SF
Lot Size0.06 Acres
Price / SF$868.61
Days on Market7
Property Features for 214 Eagle Street
General Information
Standard status
Active
Size
2,268 SF
Lot size
0.06 Acres
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,064
Amenities
pool
solar panels
laundry area
patio
Building Details
Building Size
2,268 SF
Year Built
1899
Buildings
1
Listing Agency:
Compass
(917) 667-2989
Listed By:
Cheryl Huang
(917) 667-2989
Source:
Miradorrealestate
Added: Aug 8
Changed: Aug 14
Last Checked: Aug 14 at 1:14PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1899, this 2,268-square-foot duplex sits on a 2,500 sq. ft. lot at 214 Eagle Street in Brooklyn. The home includes approximately four bedrooms and 2.5 bathrooms, with renovated interiors, a bright living and dining arrangement, an updated kitchen, and a finished lower level with a recreation room, full bathroom, laundry area, and separate backyard and street access. New double-pane sound-reducing windows, a sliding glass door, solar panels, HVAC mini-splits with hyper-heat technology, European-style radiators, and radiant bathroom floors add to the property’s updated functionality.
Outdoor space includes a south-facing backyard with a private swimming pool and patio. The property is near Greenpoint restaurants, cafes, shops, and supermarkets, with Long Island City and the 7 train approximately a 15-minute walk away. The G train is approximately 10 minutes away, and two CitiBike stations are within a short walk.
Outdoor space includes a south-facing backyard with a private swimming pool and patio. The property is near Greenpoint restaurants, cafes, shops, and supermarkets, with Long Island City and the 7 train approximately a 15-minute walk away. The G train is approximately 10 minutes away, and two CitiBike stations are within a short walk.
Key Highlights
- 2,268‑square‑foot duplex on a 2,500 sq. ft. lot
- Approximately four bedrooms and 2.5 bathrooms
- Private swimming pool, patio, and south‑facing backyard
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
$79,429
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
4.03%
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%
$1,588,580
$1.6M
Cap Rate 7%
$1,134,700
$1.1M
Cap Rate 9%
$882,544
$882.5K
Market Conditions
NOI Build-Up for 2,268 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
$115.7K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$113.5K $50.03/SF
− OpEx
−$34.0K −$15.01/SF
NOI
$79.4K $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%
$1,588,580
Cap Rate 7%
$1,134,700
Cap Rate 9%
$882,544
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$992.9K – $1.32M
NOI $79,429 @ 7.0% cap · market cap 4.03%
Second Best
Apartment 5plus
$989.1K
$865.5K – $1.15M
NOI $69,240 @ 7.0% cap · market cap 3.51%
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,453 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,615
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
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 - Updated duplex with solar panels, flexible living areas, and a private backyard pool.
Where is this duplex located?
The property is located at 214 Eagle Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: 2,268‑square‑foot duplex on a 2,500 sq. ft. lot; Approximately four bedrooms and 2.5 bathrooms; Private swimming pool, patio, and south‑facing backyard
