Six-Bedroom Duplex
New
For Sale
$1,100,000
2819 ALBEMARLE Rd, Brooklyn, NY 11226
Built in 2006 with driveway parking and high walk, bike, and transit scores.
Property Size2,880 SF
Days on Market7
Property Features for 2819 ALBEMARLE Rd
General Information
Standard status
Active
Size
2,880 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,044
Building Details
Building Size
2,880 SF
Year Built
2006
Units
2
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd A. Yovino · License #49YO0956714
(631) 351-6000
Source:
Elliman
Added: Sep 19
Changed: Sep 24
Last Checked: Sep 24 at 11:54AM
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 ISLAND ADVANTAGE REALTY LLC
Investment Insights
Based on property information with market context.
This duplex-style residence at 2819 ALBEMARLE Rd includes 6 bedrooms, 2.5 baths, and driveway parking. The property was built in 2006 and offers a residential configuration suited to its duplex classification.
Located in Brooklyn, NY 11226, the property records a walk score of 91, a bike score of 66, and a transit score of 96. These ratings indicate convenient access for pedestrians, cyclists, and transit users.
Located in Brooklyn, NY 11226, the property records a walk score of 91, a bike score of 66, and a transit score of 96. These ratings indicate convenient access for pedestrians, cyclists, and transit users.
Key Highlights
- Duplex‑style property with 6 bedrooms and 2.5 baths
- Built in 2006
- Driveway parking included
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
$73,004
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
6.64%
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%
$1,460,080
$1.5M
Cap Rate 7%
$1,042,914
$1.0M
Cap Rate 9%
$811,156
$811.2K
Market Conditions
NOI Build-Up for 2,880 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
$108.9K $37.80/SF
− Vacancy
−$4.6K −$1.59/SF
EGI
$104.3K $36.21/SF
− OpEx
−$31.3K −$10.86/SF
NOI
$73.0K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /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%
$1,460,080
Cap Rate 7%
$1,042,914
Cap Rate 9%
$811,156
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$912.6K – $1.22M
NOI $73,004 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$964.5K
$844.0K – $1.13M
NOI $67,516 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,643 @ 7.0% cap · market cap 9.06%
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
6,037
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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 - Built in 2006 with driveway parking and high walk, bike, and transit scores.
Where is this duplex located?
The property is located at 2819 ALBEMARLE Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Duplex‑style property with 6 bedrooms and 2.5 baths; Built in 2006; Driveway parking included
