Five-Bedroom Duplex with
For Sale
$748,000
22 Bevy Court, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,344 SF
Lot Size0.04 Acres
Price / SF$556.55
Days on Market123
Property Features for 22 Bevy Court
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
Patio and Porch features
Deck
Interior features
A/C Unit - Window, Deck, Dishwasher, Dryer, Laundry Area, Refrigerator, Stove, Washer
Basement
Unfinished, Full
Subdivision
Gerritsen Beach
Standard status
Active
Size
1,344 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5851
Amenities
front porch
deck
pool
Building Details
Year built
1930
Floors in Building
2
Flooring type
Tile, Hardwood
Roof type
Shingle
Architectural style
Other
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Nick P. Parascandola · License #NP0117
(718) 645-1665
Added: Jun 1
Changed: Sep 15
Last Checked: Oct 1 at 5:06PM
MLS# 501909
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 1930-built duplex in Brooklyn offers 1,344 square feet of interior space on a 0.041-acre lot. The residence includes five bedrooms, two full bathrooms, an eat-in kitchen with granite counters, hardwood flooring, cabinetry, a dishwasher, refrigerator, stove, washer, and dryer. A large living room, first-floor bonus bedroom, window A/C unit, and storage throughout add functional space. The full unfinished basement provides additional area for future customization.
Outdoor features include a front porch, rear deck, and pool. The property also has a shingle roof and tile flooring in addition to hardwood. Mechanical systems include a boiler approximately 13 years old and a hot water tank approximately 1 1/2 years old. Located in Brooklyn's 11229 ZIP code and zoned R4, the property combines residential layout, outdoor amenities, and additional unfinished space.
Outdoor features include a front porch, rear deck, and pool. The property also has a shingle roof and tile flooring in addition to hardwood. Mechanical systems include a boiler approximately 13 years old and a hot water tank approximately 1 1/2 years old. Located in Brooklyn's 11229 ZIP code and zoned R4, the property combines residential layout, outdoor amenities, and additional unfinished space.
Key Highlights
- Five‑bedroom duplex with 1,344 square feet of interior space
- Two full bathrooms and a full unfinished basement
- 0.041‑acre lot in Brooklyn's 11229 ZIP code
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
$47,069
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
6.29%
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%
$941,380
$941.4K
Cap Rate 7%
$672,414
$672.4K
Cap Rate 9%
$522,989
$523.0K
Market Conditions
NOI Build-Up for 1,344 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
$68.5K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.2K $50.03/SF
− OpEx
−$20.2K −$15.01/SF
NOI
$47.1K $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%
$941,380
Cap Rate 7%
$672,414
Cap Rate 9%
$522,989
Alternative Uses
Best Use
Multifamily LT 5
$672.4K
$588.4K – $784.5K
NOI $47,069 @ 7.0% cap · market cap 6.29%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,031 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - R4-zoned Brooklyn property with hardwood floors, two full bathrooms, basement space, and outdoor areas for entertaining.
Where is this duplex located?
The property is located at 22 Bevy Court Brooklyn, NY.
What is the asking price?
The asking price for this property is $748,000.
What are key features of this property?
This property features: Five‑bedroom duplex with 1,344 square feet of interior space; Two full bathrooms and a full unfinished basement; 0.041‑acre lot in Brooklyn's 11229 ZIP code
