Brick Duplex With Private
For Sale
$1,750,000
2162 62nd Street, Brooklyn, NY 11204
Residential, Duplex, Brooklyn, NY
Property Size2,750 SF
Lot Size0.06 Acres
Price / SF$636.36
Days on Market523
Property Features for 2162 62nd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
4
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 5, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Interior features
A/C Unit, Dishwasher, Dryer, Refrigerator, Stove, Terrace, Washer
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,750 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
7935
Building Details
Year built
1925
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Shingle, Asphalt
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Apr 7, 2025
Changed: Sep 6
Last Checked: Sep 11 at 2:06AM
MLS# 490672
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 brick duplex offers 2,750 square feet on a 0.0637-acre lot, with a multi-level interior, four bedrooms, five bathrooms, two living rooms, a dining room, eat-in kitchen, and dedicated office. The finished basement has a separate entrance, while the home also includes a front balcony, terrace, air-conditioning unit, dishwasher, washer, dryer, refrigerator, and stove. Hardwood and tile flooring are present throughout the residence.
The property includes an extra-wide private driveway with parking for multiple cars and is located at 2162 62nd Street in Brooklyn, NY 11204. Built in 1925, the building measures 17 by 70 feet on a 28 by 100-foot lot and carries R5 zoning. The layout also includes a half bathroom, additional full bathroom, and multiple en-suite bathroom arrangements.
The property includes an extra-wide private driveway with parking for multiple cars and is located at 2162 62nd Street in Brooklyn, NY 11204. Built in 1925, the building measures 17 by 70 feet on a 28 by 100-foot lot and carries R5 zoning. The layout also includes a half bathroom, additional full bathroom, and multiple en-suite bathroom arrangements.
Key Highlights
- 2,750‑square‑foot duplex on a 0.0637‑acre lot
- Four bedrooms and five bathrooms across a multi‑level layout
- Finished basement with a separate entrance
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
$96,310
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
5.50%
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%
$1,926,200
$1.9M
Cap Rate 7%
$1,375,857
$1.4M
Cap Rate 9%
$1,070,111
$1.1M
Market Conditions
NOI Build-Up for 2,750 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
$140.3K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$137.6K $50.03/SF
− OpEx
−$41.3K −$15.01/SF
NOI
$96.3K $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%
$1,926,200
Cap Rate 7%
$1,375,857
Cap Rate 9%
$1,070,111
Alternative Uses
Best Use
Multifamily LT 5
$1.38M
$1.20M – $1.61M
NOI $96,310 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,955 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$2.28M
$1.99M – $2.66M
NOI $159,390 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,510
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
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 - Multi-level residential property with finished basement, outdoor terrace, and an extra-wide private driveway.
Where is this duplex located?
The property is located at 2162 62nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 2,750‑square‑foot duplex on a 0.0637‑acre lot; Four bedrooms and five bathrooms across a multi‑level layout; Finished basement with a separate entrance
