Corner-Lot
New
For Sale
$1,250,000
2277 E 72nd St, Brooklyn, NY 11234
The brick two-family residence includes finished basement space, a garage, a private backyard patio, and off-street parking.
Property Size1,941 SF
Lot Size0.11 Acres
Price / SF$643
Days on Market2
Property Features for 2277 E 72nd St
General Information
Standard status
Active
Size
1,941 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Zoning
R3-1
Property Condition
Severity
Repairs Needed
Evidence
ready to update
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
2
Amenities
finished basement
private backyard with patio
Building Details
Buildings
1
Construction
brick
Listing Agency:
Petros Realty Services, Inc
Listed By:
Markos D. Hatgipetros
(718) 259-7800
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:21AM
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 Petros Realty Services, Inc
Investment Insights
Based on property information with market context.
This brick duplex contains 1,941 square feet, with 3 bedrooms and 2 baths. Interior features include a living room, formal dining area, and finished basement with high ceilings. The property also has a private driveway, garage, backyard, and patio. Its 50-by-100-foot corner lot is zoned R3-1.
The property is near Kings Plaza, the Belt Parkway, schools, parks, and houses of worship. B2/B9 bus service is nearby. Reported walk, transit, and bike scores are 93, 79, and 58, respectively.
The property is near Kings Plaza, the Belt Parkway, schools, parks, and houses of worship. B2/B9 bus service is nearby. Reported walk, transit, and bike scores are 93, 79, and 58, respectively.
Key Highlights
- 1,941 sq ft brick duplex with 3 bedrooms and 2 baths
- 50x100 corner lot with R3‑1 zoning
- Finished basement with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,977
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,359,540
$1.4M
Cap Rate 7%
$971,100
$971.1K
Cap Rate 9%
$755,300
$755.3K
Market Conditions
NOI Build-Up for 1,941 SF
Gross rent
$99.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$97.1K $50.03/SF
− OpEx
−$29.1K −$15.01/SF
NOI
$68.0K $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 Rate 5%
$1,359,540
Cap Rate 7%
$971,100
Cap Rate 9%
$755,300
Alternative Uses
Best Use
Multifamily LT 5
$971.1K
$849.7K – $1.13M
NOI $67,977 @ 7.0% cap · market cap 5.44%
Second Best
Apartment 5plus
$846.5K
$740.7K – $987.6K
NOI $59,257 @ 7.0% cap · market cap 4.74%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,500 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - The brick two-family residence includes finished basement space, a garage, a private backyard patio, and off-street parking.
Where is this duplex located?
The property is located at 2277 E 72nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 1,941 sq ft brick duplex with 3 bedrooms and 2 baths; 50x100 corner lot with R3‑1 zoning; Finished basement with high ceilings
