Vacant Brick Duplex with
New
For Sale
$1,499,000
2558 Cropsey Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,577 SF
Lot Size0.08 Acres
Price / SF$419.07
Days on Market4
Property Features for 2558 Cropsey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 4, Bedroom 2, Bathroom 4, Bathroom 5, Bedroom 7, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 6
Parking features
Garage
Interior features
A/C Unit - Wall, Refrigerator, Stove
Subdivision
Bath Beach
Standard status
Active
Size
3,577 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
5289
Amenities
built-in garage
front balcony
laundry area
Building Details
Year built
1970
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Emily Hui Chen-Liang · License #HTL8672
(718) 256-4000
Added: Sep 1
Changed: Sep 2
Last Checked: Sep 4 at 10:06PM
MLS# 504199
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 attached brick duplex contains 3,577 square feet within a two-story configuration. The first level includes a bedroom, full bathroom, kitchen, dining area, and access to the rear yard. The upper level provides three bedrooms, two full bathrooms, a kitchen, dining room, living room, balcony, and laundry area. A bedroom on the upper floor also connects directly to the backyard.
The property occupies a 21' * 114' lot and includes a built-in garage, front yard, and additional off-street parking. All windows and doors have been replaced, and the home will be delivered vacant. Built in 1970, the residence features brick construction, a flat roof, tile and hardwood flooring, wall-unit A/C, refrigerator, and stove. B6 and B82 bus routes serve the surrounding area.
The property occupies a 21' * 114' lot and includes a built-in garage, front yard, and additional off-street parking. All windows and doors have been replaced, and the home will be delivered vacant. Built in 1970, the residence features brick construction, a flat roof, tile and hardwood flooring, wall-unit A/C, refrigerator, and stove. B6 and B82 bus routes serve the surrounding area.
Key Highlights
- 3,577 square feet in an attached brick two‑family residence
- 21' * 57' building on a 21' * 114' lot
- Built‑in garage plus front‑yard off‑street parking
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
Yes
Paved road access
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 - Two-family brick residence with separate kitchens, outdoor areas, updated openings, and on-site garage parking.
Where is this duplex located?
The property is located at 2558 Cropsey Avenue 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: 3,577 square feet in an attached brick two‑family residence; 21' * 57' building on a 21' * 114' lot; Built‑in garage plus front‑yard off‑street parking
