Renovated Legal Two-Family
For Sale
$1,190,000
2712 Batchelder St, Brooklyn, NY 11235
Renovated legal 2-family brick home with rear deck and crawlspace storage, suited for owner-occupants or income use.
Property Size2,024 SF
Days on Market53
Property Features for 2712 Batchelder St
General Information
Standard status
Active
Size
2,024 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,777
Building Details
Building Size
2,024 SF
Year Built
1955
Stories
3
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Renzhang Danny Dong
(718) 612-3088
Source:
Elliman
Added: Jul 5
Changed: Aug 12
Last Checked: Aug 25 at 9:03AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This beautifully renovated legal two-family brick home is offered in excellent condition and designed for comfortable day-to-day living. The first-floor unit includes an eat-in kitchen, formal living room, dining area, a full bathroom, and an oversized bedroom. High ceilings help create an open, airy feel throughout the main level.
A community driveway provides rear parking access. The second unit is a duplex spanning the upper two levels, with a large formal living room, formal dining room, a large kitchen, and a powder room on the main level. Sliding doors from the dining room open to an expansive rear deck, offering outdoor space for dining and entertaining. The upper level features three generously sized bedrooms, a full bathroom with a Jacuzzi bathtub, and a skylight that brings additional natural light into the home. A crawlspace basement adds convenient additional storage.
Located near neighborhood shopping, supermarkets, restaurants, pharmacies, banks, and everyday essentials, the property also supports an active lifestyle with easy access to parks, recreational facilities, and local educational options. Transportation options include nearby B3, B31, B44 SBS, and BM4 express bus service, as well as the Q and B subway lines, with major roadways such as the Belt Parkway and Flatbush Avenue also within reach.
A community driveway provides rear parking access. The second unit is a duplex spanning the upper two levels, with a large formal living room, formal dining room, a large kitchen, and a powder room on the main level. Sliding doors from the dining room open to an expansive rear deck, offering outdoor space for dining and entertaining. The upper level features three generously sized bedrooms, a full bathroom with a Jacuzzi bathtub, and a skylight that brings additional natural light into the home. A crawlspace basement adds convenient additional storage.
Located near neighborhood shopping, supermarkets, restaurants, pharmacies, banks, and everyday essentials, the property also supports an active lifestyle with easy access to parks, recreational facilities, and local educational options. Transportation options include nearby B3, B31, B44 SBS, and BM4 express bus service, as well as the Q and B subway lines, with major roadways such as the Belt Parkway and Flatbush Avenue also within reach.
Key Highlights
- 1955‑built legal 2‑family brick home, described as renovated and in excellent condition
- First‑floor unit: eat‑in kitchen, formal living room, dining area, full bathroom, oversized bedroom, and high ceilings
- Second unit duplex: formal living room and dining room, large kitchen, powder room, and sliding doors to an expansive rear deck
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
$70,884
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
5.96%
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%
$1,417,680
$1.4M
Cap Rate 7%
$1,012,629
$1.0M
Cap Rate 9%
$787,600
$787.6K
Market Conditions
NOI Build-Up for 2,024 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
$103.2K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$101.3K $50.03/SF
− OpEx
−$30.4K −$15.01/SF
NOI
$70.9K $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%
$1,417,680
Cap Rate 7%
$1,012,629
Cap Rate 9%
$787,600
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$886.1K – $1.18M
NOI $70,884 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$882.7K
$772.4K – $1.03M
NOI $61,791 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,311 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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 - Renovated legal 2-family brick home with rear deck and crawlspace storage, suited for owner-occupants or income use.
Where is this duplex located?
The property is located at 2712 Batchelder St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 1955‑built legal 2‑family brick home, described as renovated and in excellent condition; First‑floor unit: eat‑in kitchen, formal living room, dining area, full bathroom, oversized bedroom, and high ceilings; Second unit duplex: formal living room and dining room, large kitchen, powder room, and sliding doors to an expansive rear deck
