Building Details

Building Size 3,160 SF

Year Built 1965

Listing Agency: Ben Bay Realty Co

Listed By: Charles A. Fabbella Show Phone

Source: Elliman

Added: Aug 17 Changed: Oct 6 Last Checked: Oct 16 at 10:02AM

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Investment Insights

Based on property information with market context.

This duplex is configured as a two-family residence with 3,160 living sq ft on a 20 x 100 lot. The 20 x 56 home includes a recreational room, one-car attached garage, private driveway, hardwood floors throughout, and a backyard. A new Navien hot water on demand system is also installed.

Located at 244 92nd St in Brooklyn, the property carries R4-1 zoning and was built in 1965. The surrounding area records a 97 walk score, 86 transit score, and 82 bike score, reflecting convenient access to walking, public transportation, and bicycle travel.

Key Highlights

• Two‑family duplex with 3,160 living sq ft
• 20 x 100 lot with a 20 x 56 home
• One‑car attached garage and private driveway

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$110,669

Cap Rate

6.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,213,380 $2.2M

Cap Rate 7%

$1,580,986 $1.6M

Cap Rate 9%

$1,229,656 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,160 SF

Gross rent

$161.2K $51.00/SF

− Vacancy

−$3.1K −$0.97/SF

EGI

$158.1K $50.03/SF

− OpEx

−$47.4K −$15.01/SF

NOI

$110.7K $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%

$2,213,380

Cap Rate 7%

$1,580,986

Cap Rate 9%

$1,229,656

Alternative Uses

Best Use

Multifamily LT 5

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,669 @ 7.0% cap · market cap 6.42%

Second Best

Apartment 5plus

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,472 @ 7.0% cap · market cap 5.59%

Theoretical Best

Specialty Retail

$2.62M

$2.29M – $3.05M (±1% cap)

NOI $183,154 @ 7.0% cap · market cap 10.62%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Parking Lot & Garage Real Estate Agency Hotel & Motel Big Box & Wholesale Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,920

Businesses Nearby

Explore this area Business Placement

Demographics for 11209, NY

73,239

Population

33,286

Households

2.2

Avg Household Size

40

Median Age

53%

College-Educated

90%

High-School Grad

2.1 sq mi

ZIP Area

34,876

Density / Sq Mi

$92,656

Median Household Income

$62,455

Median Earnings

$1,857

Median Rent

$905,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family property with a private driveway, recreational room, and backyard in Brooklyn’s Bay Ridge area.

Where is this duplex located?

The property is located at 244 92nd St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,725,000.

What are key features of this property?

This property features: Two‑family duplex with 3,160 living sq ft; 20 x 100 lot with a 20 x 56 home; One‑car attached garage and private driveway