Renovated Brooklyn Two-Family
For Sale
$1,999,999
2172 76th St, Brooklyn, NY 11214
Exquisitely renovated two-family home with modern amenities and convenient location.
Property Size3,600 SF
Lot Size0.06 Acres
Days on Market190
Property Features for 2172 76th St
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Building Details
Building Size
3,600 SF
Stories
2
Listed By:
ZaiYou (Joe) Zhu
(718) 612-3088
Source:
Elliman
Added: Mar 10
Changed: Sep 13
Last Checked: Sep 15 at 8:53AM
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 ZaiYou (Joe) Zhu
Investment Insights
Based on property information with market context.
This fully detached, renovated two-family residence is located on a tree-lined street in a desirable Brooklyn neighborhood. The home features a wide shared driveway leading to a private two-car garage, and a fully finished basement suitable for recreation. The property has been upgraded with new plumbing, electrical wiring, and a new roof. High-performance mini-split air conditioning and heating systems are installed throughout. The interior features a bright and airy layout with natural sunlight. The home was renovated with craftsmanship and materials, showcasing finishes. The gourmet kitchen includes granite countertops, custom cabinetry, and stainless-steel appliances. The open concept living areas are designed for both everyday living and entertaining. The property is located minutes from the train, local bus lines, schools, parks, and shopping. The property offers rental potential and multi-generational living flexibility.
Key Highlights
- Fully renovated 2‑family detached residence in a desirable Brooklyn neighborhood.
- Features a private 2‑car garage and wide shared driveway.
- Brand new roof, plumbing, and electrical wiring.
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
$98,189
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
4.91%
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%
$1,963,780
$2.0M
Cap Rate 7%
$1,402,700
$1.4M
Cap Rate 9%
$1,090,989
$1.1M
Market Conditions
NOI Build-Up for 3,600 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
$146.9K $40.80/SF
− Vacancy
−$6.6K −$1.84/SF
EGI
$140.3K $38.96/SF
− OpEx
−$42.1K −$11.69/SF
NOI
$98.2K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,963,780
Cap Rate 7%
$1,402,700
Cap Rate 9%
$1,090,989
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,189 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $88,000 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$2.10M
$1.84M – $2.45M
NOI $147,004 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,723
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Exquisitely renovated two-family home with modern amenities and convenient location.
Where is this duplex located?
The property is located at 2172 76th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: Fully renovated 2‑family detached residence in a desirable Brooklyn neighborhood.; Features a private 2‑car garage and wide shared driveway.; Brand new roof, plumbing, and electrical wiring.
