Vacant Brick
New
For Sale
$1,499,000
2558 Cropsey Ave, Brooklyn, NY 11214
Attached two-family property with separate living spaces, a built-in garage, outdoor areas, and updated windows and doors.
Property Size3,577 SF
Lot Size0.05 Acres
Days on Market3
Property Features for 2558 Cropsey Ave
General Information
Standard status
Active
Size
3,577 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,289
Amenities
front balcony
laundry area
Building Details
Building Size
3,577 SF
Year Built
1970
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Tiger Realty
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(917) 708-9966
Source:
Elliman
Added: Sep 4
Changed: Sep 5
Last Checked: Sep 6 at 6:06AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This attached brick duplex at 2558 Cropsey Ave includes a 21' × 57' building on a 21' × 114' lot. The lower level has one bedroom, one full bath, a kitchen, dining area, and backyard access. Upstairs are three bedrooms, two full baths, a kitchen, dining room, living room, front balcony, and laundry area; one bedroom also connects directly to the backyard. A built-in garage and front yard add off-street parking, while new windows and doors update the property. The home will be delivered vacant.
Built in 1970, the property is near the B6 and B82 bus routes. WalkScore is 96, BikeScore is 67, and TransitScore is 86, providing strong pedestrian, bicycle, and transit access.
Built in 1970, the property is near the B6 and B82 bus routes. WalkScore is 96, BikeScore is 67, and TransitScore is 86, providing strong pedestrian, bicycle, and transit access.
Key Highlights
- Attached brick two‑family property at 2558 Cropsey Ave
- 21' × 57' building on a 21' × 114' lot
- Lower level with 1 bedroom, 1 full bath, kitchen, dining area, and backyard access
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
$97,562
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
6.51%
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%
$1,951,240
$2.0M
Cap Rate 7%
$1,393,743
$1.4M
Cap Rate 9%
$1,084,022
$1.1M
Market Conditions
NOI Build-Up for 3,577 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
$145.9K $40.80/SF
− Vacancy
−$6.6K −$1.84/SF
EGI
$139.4K $38.96/SF
− OpEx
−$41.8K −$11.69/SF
NOI
$97.6K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,951,240
Cap Rate 7%
$1,393,743
Cap Rate 9%
$1,084,022
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.63M
NOI $97,562 @ 7.0% cap · market cap 6.51%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,438 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$2.09M
$1.83M – $2.43M
NOI $146,065 @ 7.0% cap · market cap 9.74%
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
1,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Attached two-family property with separate living spaces, a built-in garage, outdoor areas, and updated windows and doors.
Where is this duplex located?
The property is located at 2558 Cropsey Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Attached brick two‑family property at 2558 Cropsey Ave; 21' × 57' building on a 21' × 114' lot; Lower level with 1 bedroom, 1 full bath, kitchen, dining area, and backyard access
