Duplex Property with Finished
For Sale
$875,000
26 Gunther Place, Brooklyn, NY 11233
Two residential units include flexible layouts, outdoor access, and a lower level suited to additional living space.
Property Size1,440 SF
Price / SF$607.64
Days on Market77
Property Features for 26 Gunther Place
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Residential Income
Units
Unit Mix
1.5 bed 1 bath, 2 bed 1 bath
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,935
Building Details
Building Size
1,440 SF
Year Built
1901
Buildings
1
Units
2
Construction
townhouse
Listing Agency:
Compass Greater NY LLC
(347) 369-7294
Listed By:
Joseph L. Martinez · License #10401354206
(347) 369-7294
Source:
Cohenandcohenrealty
Added: May 29
Changed: Aug 11
Last Checked: Aug 12 at 12:08PM
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 Compass Greater NY LLC
Investment Insights
Based on property information with market context.
This duplex-style townhouse contains 1,440 square feet across two residential units, with a finished basement adding another full bathroom and stand-up shower. The first-floor unit offers 1.5 bedrooms, one bathroom, and access to the backyard, with space that can accommodate an office. The second-floor apartment includes two bedrooms and one bathroom and was renovated in 2022 with vinyl wood flooring and original moldings. Gas heating serves the property, while northeastern exposures bring natural light into the living areas.
Built in 1901, the property combines a classic townhouse form with a flexible configuration for residential use. The finished basement can function as entertainment or additional living space for the first-floor unit. The property will be delivered vacant.
Built in 1901, the property combines a classic townhouse form with a flexible configuration for residential use. The finished basement can function as entertainment or additional living space for the first-floor unit. The property will be delivered vacant.
Key Highlights
- 1,440 square feet in a duplex‑style townhouse
- First‑floor unit with 1.5 bedrooms, one bathroom, and backyard access
- Second‑floor apartment renovated in 2022
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
$50,431
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
5.76%
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%
$1,008,620
$1.0M
Cap Rate 7%
$720,443
$720.4K
Cap Rate 9%
$560,344
$560.3K
Market Conditions
NOI Build-Up for 1,440 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
$73.4K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$72.0K $50.03/SF
− OpEx
−$21.6K −$15.01/SF
NOI
$50.4K $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%
$1,008,620
Cap Rate 7%
$720,443
Cap Rate 9%
$560,344
Alternative Uses
Best Use
Multifamily LT 5
$720.4K
$630.4K – $840.5K
NOI $50,431 @ 7.0% cap · market cap 5.76%
Second Best
Apartment 5plus
$628.0K
$549.5K – $732.7K
NOI $43,962 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,462 @ 7.0% cap · market cap 9.54%
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
3,859
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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 residential units include flexible layouts, outdoor access, and a lower level suited to additional living space.
Where is this duplex located?
The property is located at 26 Gunther Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,440 square feet in a duplex‑style townhouse; First‑floor unit with 1.5 bedrooms, one bathroom, and backyard access; Second‑floor apartment renovated in 2022
