Renovated Duplex with
For Sale
$1,229,000
2544 E 64th Street, Brooklyn, NY 11234
Residential, High Ranch, Brooklyn, NY
Property Size1,857 SF
Lot Size0.09 Acres
Price / SF$661.82
Days on Market56
Property Features for 2544 E 64th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 3
Parking features
Garage
Interior features
Central Air, Dishwasher, Dryer, Laundry Area, Refrigerator, Stove, Terrace, Washer
Basement
Full, Finished
Subdivision
Mill Basin
Standard status
Active
Size
1,857 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
10316
Amenities
sunroom
sauna
steam room
patio
gated dog run
laundry room
tankless water heater
Building Details
Year built
1960
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Architectural style
Ranch
Listing Agency:
Brooklyn4U Rltyof DykerHeights
(718) 236-1800
Listed By:
Maria Fabbro
(718) 236-1800
Added: Jul 6
Changed: Aug 23
Last Checked: Aug 30 at 1:06AM
MLS# 502805
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 brick duplex is configured as a two-family residence and is currently being used as a single-family home. The ranch-style property includes four bedrooms and three bathrooms, with hardwood and porcelain tile flooring, central air, a granite-finished kitchen with wall oven and stainless steel appliances, and radiant heat in the floors. The lower level adds a family room, bedroom, full bathroom, laundry room, kitchen hookups, and an attached garage. Recent renovations include a tankless water heater and other efficiency-oriented updates.
Set on a 40-by-100-foot lot in Brooklyn’s Mill Basin section, the property includes a sunroom with sauna and steam room, backyard access from the primary bedroom, a patio with custom canopy, and a gated dog run. The property is zoned R3-1 and was built in 1960.
Set on a 40-by-100-foot lot in Brooklyn’s Mill Basin section, the property includes a sunroom with sauna and steam room, backyard access from the primary bedroom, a patio with custom canopy, and a gated dog run. The property is zoned R3-1 and was built in 1960.
Key Highlights
- Two‑family duplex currently used as a single‑family residence
- Four bedrooms and three bathrooms across the home
- Lower level includes family room, bedroom, full bath, laundry room, and kitchen hookups
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
$65,035
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
5.29%
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%
$1,300,700
$1.3M
Cap Rate 7%
$929,071
$929.1K
Cap Rate 9%
$722,611
$722.6K
Market Conditions
NOI Build-Up for 1,857 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
$94.7K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.9K $50.03/SF
− OpEx
−$27.9K −$15.01/SF
NOI
$65.0K $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 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%
$1,300,700
Cap Rate 7%
$929,071
Cap Rate 9%
$722,611
Alternative Uses
Best Use
Multifamily LT 5
$929.1K
$812.9K – $1.08M
NOI $65,035 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$809.9K
$708.7K – $944.9K
NOI $56,692 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.79M
NOI $107,632 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
587
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
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 - Brick ranch with four bedrooms, three baths, flexible lower-level space, and outdoor areas including a sunroom and patio.
Where is this duplex located?
The property is located at 2544 E 64th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,229,000.
What are key features of this property?
This property features: Two‑family duplex currently used as a single‑family residence; Four bedrooms and three bathrooms across the home; Lower level includes family room, bedroom, full bath, laundry room, and kitchen hookups
