Brick Duplex with Private
New
For Sale
$1,380,000
2678 Haring Street, Brooklyn, NY 11235
Residential, Duplex, Brooklyn, NY
Property Size2,225 SF
Lot Size0.07 Acres
Price / SF$620.22
Days on Market5
Property Features for 2678 Haring Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 1
Patio and Porch features
Porch, Deck
Interior features
A/C Unit, Deck, Dishwasher, Laundry Area, Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,225 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
9587
Amenities
backyard
Building Details
Year built
1950
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Aug 20
Last Checked: Aug 24 at 11:06AM
MLS# 503789
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 legal two-family brick duplex occupies a 0.0689-acre lot with a 20*36-foot building and three above-ground levels. The principal residence includes three bedrooms, two full bathrooms, two living areas, and a spacious kitchen with ample cabinetry. A separate ground-level residence offers two bedrooms, one full bathroom, a living area, and its own entrance. The fully finished basement has multiple separate entrances and provides additional recreational and storage space. Hardwood and tile flooring, air-conditioning, laundry, deck, porch, dishwasher, microwave, refrigerator, and stove are included. The home was built in 1950.
Parking includes a 10-foot-wide private front driveway and access to a rear-end community driveway, accommodating multiple cars. Outdoor features include a large paved backyard, deck, and porch. The property is located near shopping, restaurants, schools, parks, and public transportation in Brooklyn, NY 11235.
Parking includes a 10-foot-wide private front driveway and access to a rear-end community driveway, accommodating multiple cars. Outdoor features include a large paved backyard, deck, and porch. The property is located near shopping, restaurants, schools, parks, and public transportation in Brooklyn, NY 11235.
Key Highlights
- Legal two‑family brick duplex on a 0.0689‑acre lot
- 20*36‑foot building with three above‑ground levels and a finished basement
- Main residence offers 3 bedrooms, 2 full bathrooms, and 2 living areas
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
$77,923
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
5.65%
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%
$1,558,460
$1.6M
Cap Rate 7%
$1,113,186
$1.1M
Cap Rate 9%
$865,811
$865.8K
Market Conditions
NOI Build-Up for 2,225 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
$113.5K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$111.3K $50.03/SF
− OpEx
−$33.4K −$15.01/SF
NOI
$77.9K $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%
$1,558,460
Cap Rate 7%
$1,113,186
Cap Rate 9%
$865,811
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$974.0K – $1.30M
NOI $77,923 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$970.4K
$849.1K – $1.13M
NOI $67,927 @ 7.0% cap · market cap 4.92%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M
NOI $128,961 @ 7.0% cap · market cap 9.35%
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
1,772
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 residence with flexible living areas, finished basement space, and a paved backyard.
Where is this duplex located?
The property is located at 2678 Haring Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Legal two‑family brick duplex on a 0.0689‑acre lot; 20*36‑foot building with three above‑ground levels and a finished basement; Main residence offers 3 bedrooms, 2 full bathrooms, and 2 living areas
