Two-Family Duplex with Finished
For Sale
$1,650,000
2667 Cropsey Avenue, Brooklyn, NY 11214
MULTI_FAMILY - Brooklyn, NY
Property Size2,160 SF
Lot Size0.07 Acres
Price / SF$763.89
Days on Market88
Property Features for 2667 Cropsey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 1
Parking features
Driveway
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Ceiling Fan(s)
Exterior features
Balcony
Fencing
Fenced
Basement
Full, Finished
Lot features
Front Yard, Back Yard
Subdivision
Bath Beach
Standard status
Active
Size
2,160 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
6763
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Hot Water(Heating)
Cooling system
Wall Unit(s)
Amenities
yard
balcony
wet bar
laundry
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Maged Girgis · License #30GI0978737
(347) 524-9029
Added: May 29
Changed: Aug 6
Last Checked: Aug 24 at 7:06AM
MLS# 2603018
Copyright © 2026 Staten Island Board of Realtors. 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 legal two-family duplex includes a full finished basement with a separate side entrance, providing substantial additional living space. The basement level features a large living area with a wet bar, a 3/4 bathroom, an extra office room, and utilities with laundry. Level 1 offers hardwood floors, a large living room, dining area, office room, bedroom, and an eat-in kitchen with access to the yard. The second apartment (Level 2) includes four bedrooms, a full bathroom, a large eat-in kitchen, a dining area, and two balconies.
Set on a large corner lot, the property includes a fenced yard and a patio. Parking is provided via a three-car driveway. The home was fully gut renovated in 2005 and is built with vinyl siding, heated with natural gas hot water, and cooled with wall units. Interior features include walk-in closet(s) and ceiling fan(s). Public sewer services are available.
Zoned R5, the house is expected to be delivered vacant, offering flexibility for owner-occupants or investors.
Set on a large corner lot, the property includes a fenced yard and a patio. Parking is provided via a three-car driveway. The home was fully gut renovated in 2005 and is built with vinyl siding, heated with natural gas hot water, and cooled with wall units. Interior features include walk-in closet(s) and ceiling fan(s). Public sewer services are available.
Zoned R5, the house is expected to be delivered vacant, offering flexibility for owner-occupants or investors.
Key Highlights
- Full finished basement with separate side entrance and wet bar
- Legal two‑family layout with Level 1 plus 4‑bedroom second apartment
- Large corner lot with fenced yard and patio
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
$58,914
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
3.57%
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%
$1,178,280
$1.2M
Cap Rate 7%
$841,629
$841.6K
Cap Rate 9%
$654,600
$654.6K
Market Conditions
NOI Build-Up for 2,160 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
$88.1K $40.80/SF
− Vacancy
−$4.0K −$1.84/SF
EGI
$84.2K $38.96/SF
− OpEx
−$25.2K −$11.69/SF
NOI
$58.9K $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%
$1,178,280
Cap Rate 7%
$841,629
Cap Rate 9%
$654,600
Alternative Uses
Best Use
Multifamily LT 5
$841.6K
$736.4K – $981.9K
NOI $58,914 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$754.3K
$660.0K – $880.0K
NOI $52,800 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,203 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,311
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 - Legal two-family duplex with a full finished basement, separate side entrance, and multiple outdoor spaces on a corner lot.
Where is this duplex located?
The property is located at 2667 Cropsey Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Full finished basement with separate side entrance and wet bar; Legal two‑family layout with Level 1 plus 4‑bedroom second apartment; Large corner lot with fenced yard and patio
