Two-Family Duplex with
New
For Sale
$1,050,000
27 Paerdegat 15th St, Brooklyn, NY 11236
Delivered vacant, the property includes a private driveway and areas requiring renovation.
Property Size2,945 SF
Lot Size0.05 Acres
Days on Market4
Property Features for 27 Paerdegat 15th St
General Information
Standard status
Active
Size
2,945 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,141
Amenities
split-system heating and air conditioning units throughout
Building Details
Building Size
2,945 SF
Year Built
1960
Buildings
1
Stories
2
Listing Agency:
RE/MAX Central
Listed By:
Jose L. Paucar · License #10301219825
(732) 972-1000
Source:
Elliman
Added: Sep 24
Changed: Sep 25
Last Checked: Sep 26 at 7:56AM
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 RE/MAX Central
Investment Insights
Based on property information with market context.
Located at 27 Paerdegat 15th St in Brooklyn, this two-family property was built in 1960 and has a 21’ x 51’ building on a 21’ x 100’ lot. The layout includes 7 bedrooms, 6 bathrooms, a lower level, and a full finished basement, along with a private driveway and garage. Split-system heating and air conditioning units are installed throughout.
Two kitchens and one bathroom require complete renovation. The property is being sold as-is and will be delivered vacant, with no existing tenancies. Cash or hard-money financing is preferred.
Two kitchens and one bathroom require complete renovation. The property is being sold as-is and will be delivered vacant, with no existing tenancies. Cash or hard-money financing is preferred.
Key Highlights
- Two‑family property with 7 bedrooms and 6 bathrooms
- 21’ x 51’ building on a 21’ x 100’ lot
- Private driveway and garage
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
$89,908
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
8.56%
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%
$1,798,160
$1.8M
Cap Rate 7%
$1,284,400
$1.3M
Cap Rate 9%
$998,978
$999.0K
Market Conditions
NOI Build-Up for 2,945 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
$166.8K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$163.5K $55.51/SF
− OpEx
−$73.6K −$24.98/SF
NOI
$89.9K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,798,160
Cap Rate 7%
$1,284,400
Cap Rate 9%
$998,978
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.29M – $1.72M
NOI $103,139 @ 7.0% cap · market cap 9.82%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,908 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$2.44M
$2.13M – $2.84M
NOI $170,692 @ 7.0% cap · market cap 16.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Delivered vacant, the property includes a private driveway and areas requiring renovation.
Where is this duplex located?
The property is located at 27 Paerdegat 15th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two‑family property with 7 bedrooms and 6 bathrooms; 21’ x 51’ building on a 21’ x 100’ lot; Private driveway and garage
