Semi-Detached Single-Family
For Sale
$1,050,000
2433 E 71st Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,515 SF
Lot Size0.06 Acres
Price / SF$693.07
Days on Market86
Property Features for 2433 E 71st Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Patio and Porch features
Deck
Interior features
Central Air, Deck, Dishwasher, Fireplace, Laundry Area
Fireplace
1
Basement
Finished
Subdivision
Bergen Beach
Standard status
Active
Size
1,515 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6507
Building Details
Year built
1975
Flooring type
Tile
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Kevin Stile
(718) 763-4110
Added: Jun 8
Changed: Aug 30
Last Checked: Sep 1 at 11:06AM
MLS# 502083
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 semi-detached one-family home offers flexible interior space with three bedrooms on the top floor and an additional 4th bedroom on the ground level, along with a private office and a spacious family room. The top floor features ductless A/C and heat units in each room, plus a tiled full bathroom. On the main level, a fully renovated eat-in kitchen with stainless steel appliances includes a sliding door to a private front deck, and it opens to a formal dining area and living room with an electric fireplace. There is also a tiled half bathroom on this level.
Upgrades include custom tiled flooring throughout, upgraded electric, and a brand-new furnace for the central HVAC system. The ground level includes a private entrance and a 3/4 tiled bathroom. Outside, the home provides a private backyard recently renovated with pavers, a driveway for two cars, and a full attic for storage.
The property is listed under R3-1 zoning.
Upgrades include custom tiled flooring throughout, upgraded electric, and a brand-new furnace for the central HVAC system. The ground level includes a private entrance and a 3/4 tiled bathroom. Outside, the home provides a private backyard recently renovated with pavers, a driveway for two cars, and a full attic for storage.
The property is listed under R3-1 zoning.
Key Highlights
- 1975 wood‑frame semi‑detached home with 4 bedrooms, including a private ground‑level bedroom and office
- Central air plus ductless A/C and heat units in multiple rooms; brand‑new furnace for the central HVAC system
- Fully renovated eat‑in kitchen with stainless steel appliances and sliding door to a private front deck
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
$46,251
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
4.40%
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%
$925,020
$925.0K
Cap Rate 7%
$660,729
$660.7K
Cap Rate 9%
$513,900
$513.9K
Market Conditions
NOI Build-Up for 1,515 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
$85.8K $56.64/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$84.1K $55.51/SF
− OpEx
−$37.8K −$24.98/SF
NOI
$46.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$925,020
Cap Rate 7%
$660,729
Cap Rate 9%
$513,900
Alternative Uses
Best Use
Apartment 5plus
$660.7K
$578.1K – $770.9K
NOI $46,251 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,809 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
486
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Semi-detached home with four bedrooms, renovated kitchen, private deck, and driveway for two cars.
Where is this single family property located?
The property is located at 2433 E 71st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 1975 wood‑frame semi‑detached home with 4 bedrooms, including a private ground‑level bedroom and office; Central air plus ductless A/C and heat units in multiple rooms; brand‑new furnace for the central HVAC system; Fully renovated eat‑in kitchen with stainless steel appliances and sliding door to a private front deck
