Brick Duplex with Finished
For Sale
$859,000
2739 E 63rd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size2,028 SF
Lot Size0.04 Acres
Price / SF$423.57
Days on Market58
Property Features for 2739 E 63rd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Garage
Patio and Porch features
Porch, Patio
Interior features
A/C Unit, A/C Unit - Wall, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Mill Basin
Standard status
Active
Size
2,028 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7717
Building Details
Year built
1965
Flooring type
Hardwood, Carpet, Ceramic, Linoleum
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Tree of Life Realty & Mgmt LLC
(646) 710-0602
Listed By:
Larisa Elchananov
(646) 710-0602
Added: Jul 6
Changed: Aug 30
Last Checked: Sep 1 at 12:06PM
MLS# 502766
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 brick duplex offers 2,028 square feet across three levels on a 0.0413-acre lot. The main level combines living, dining, and kitchen areas, while sliding doors connect to a deck and backyard. Three bedrooms, 1.5 bathrooms, and substantial closet storage are located upstairs. A finished basement with front and rear entrances adds flexible interior space and storage. The property also includes a private driveway, one-car garage, wall and window A/C units, laundry equipment, and a dishwasher.
Recent property improvements include a new roof, new boiler, and new windows. Additional interior finishes include hardwood, ceramic, carpet, and linoleum flooring. Zoned R5, the property is near shopping, parks, schools, houses of worship, the B100 bus, and express bus service to Manhattan.
Recent property improvements include a new roof, new boiler, and new windows. Additional interior finishes include hardwood, ceramic, carpet, and linoleum flooring. Zoned R5, the property is near shopping, parks, schools, houses of worship, the B100 bus, and express bus service to Manhattan.
Key Highlights
- 2,028 square feet across three levels
- 0.0413‑acre lot with deck and backyard
- Finished basement with front and rear entrances
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
$71,024
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
8.27%
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%
$1,420,480
$1.4M
Cap Rate 7%
$1,014,629
$1.0M
Cap Rate 9%
$789,156
$789.2K
Market Conditions
NOI Build-Up for 2,028 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
$103.4K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$101.5K $50.03/SF
− OpEx
−$30.4K −$15.01/SF
NOI
$71.0K $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%
$1,420,480
Cap Rate 7%
$1,014,629
Cap Rate 9%
$789,156
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.8K – $1.18M
NOI $71,024 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$884.5K
$773.9K – $1.03M
NOI $61,913 @ 7.0% cap · market cap 7.21%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,543 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Three-level property with outdoor space, private parking, and updated core building systems.
Where is this duplex located?
The property is located at 2739 E 63rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: 2,028 square feet across three levels; 0.0413‑acre lot with deck and backyard; Finished basement with front and rear entrances
