Two-Family Residential Income
For Sale
$900,000
2168 Strauss Street, Brooklyn, NY 11212
Two 3-bedroom, 1-bath units with a finished basement, delivered partially occupied with the first-floor unit vacant.
Property Size2,320 SF
Price / SF$387.93
Days on Market195
Property Features for 2168 Strauss Street
General Information
Standard status
Active
Size
2,320 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$3,137
Building Details
Building Size
2,320 SF
Year Built
1925
Listing Agency:
RD Realty Consultants I LLC
Listed By:
Roger Adams
(718) 859-0800
Source:
Penrealty
Added: Feb 25
Changed: Sep 4
Last Checked: Sep 7 at 9:46AM
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 RD Realty Consultants I LLC
Investment Insights
Based on property information with market context.
This two-family residential income building features two separate 3-bedroom, 1-bath units, with a finished basement. The property includes additional finished space in the basement level, and it is being sold as-is.
The first-floor unit will be vacant at delivery, while the property will be delivered partially occupied with the remaining unit occupied.
Each unit is configured as a 3-bedroom, 1-bath layout, offering consistent floor plans within the building.
The first-floor unit will be vacant at delivery, while the property will be delivered partially occupied with the remaining unit occupied.
Each unit is configured as a 3-bedroom, 1-bath layout, offering consistent floor plans within the building.
Key Highlights
- Two 3‑bedroom, 1‑bath units in a 1925‑built 2‑family home
- Finished basement included
- Partially occupied at delivery, with the first‑floor unit vacant
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
$81,250
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
9.03%
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%
$1,625,000
$1.6M
Cap Rate 7%
$1,160,714
$1.2M
Cap Rate 9%
$902,778
$902.8K
Market Conditions
NOI Build-Up for 2,320 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
$118.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$116.1K $50.03/SF
− OpEx
−$34.8K −$15.01/SF
NOI
$81.3K $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%
$1,625,000
Cap Rate 7%
$1,160,714
Cap Rate 9%
$902,778
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,250 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$1.01M
$885.3K – $1.18M
NOI $70,827 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,467 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,714
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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 3-bedroom, 1-bath units with a finished basement, delivered partially occupied with the first-floor unit vacant.
Where is this duplex located?
The property is located at 2168 Strauss Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units in a 1925‑built 2‑family home; Finished basement included; Partially occupied at delivery, with the first‑floor unit vacant
