Vacant Two-Family Brick
358 72nd St Brooklyn, NY 11209
358 72nd St, Brooklyn, NY, 11209
$1,375,000
For Sale
$1,375,000
Built in 1910, this vacant Bay Ridge two-family rowhouse offers two residences plus a semi-finished basement with separate entrance.
Property Size3,120 SF
Price / SF$440.71
Days on Market31
Property Features for 358 72nd St
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1910
Listing Agency
Keller Williams Realty Empire
(718) 954-8400
Listed by
Catrina DiPasquale
(718) 954-8400
Source
Elliman
Added: Jun 17 Checked: Jul 17 at 5:24 am
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 Keller Williams Realty Empire
Investment Insights
Based on property information with market context.
Built in 1910, this vacant two-family brick rowhouse features classic Renaissance Revival elements, including bow-front windows, an ornate cornice, and a Brooklyn-style stoop. The property includes two residences and a semi-finished basement with a separate entrance, providing flexible layout options for occupants. The roof is flat, and the interior spans approximately 3,120 square feet on a 20' x 100' lot, offering room to refresh, reimagine, and tailor the space to new ownership or living arrangements.
Located in Bay Ridge, Brooklyn, the home is positioned for everyday convenience with nearby schools, places of worship, fitness facilities, public green space, libraries, shopping, cultural sights, and dining options referenced in the listing materials. Transit and walkability are supported by the provided scores, with a transitScore of 91 and walkScore of 96, and a bikeScore of 81.
Zoned R5B, the property is delivered vacant and ready for owner-occupants, investors, or multi-generational households seeking a traditional two-family structure with an additional semi-finished basement access point. The prior ownership history noted in the remarks underscores that the building has been maintained by a single family for over 65 years, with the interior currently ready for updates to match your plans.
Located in Bay Ridge, Brooklyn, the home is positioned for everyday convenience with nearby schools, places of worship, fitness facilities, public green space, libraries, shopping, cultural sights, and dining options referenced in the listing materials. Transit and walkability are supported by the provided scores, with a transitScore of 91 and walkScore of 96, and a bikeScore of 81.
Zoned R5B, the property is delivered vacant and ready for owner-occupants, investors, or multi-generational households seeking a traditional two-family structure with an additional semi-finished basement access point. The prior ownership history noted in the remarks underscores that the building has been maintained by a single family for over 65 years, with the interior currently ready for updates to match your plans.
Key Highlights
- Vacant Bay Ridge two‑family all‑brick row‑house built in 1910
- Approximately 3,120 sq ft on a 20' x 100' lot, featuring two residences
- Semi‑finished basement with separate entrance
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $159.1k | $51.00 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $156.1k | $50.03 |
| − OpEx | −$46.8k | −$15.01 |
| NOI | $109.3k | $35.02 |
3,120 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 7.95%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 6.93%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1910, this vacant Bay Ridge two-family rowhouse offers two residences plus a semi-finished basement with separate entrance.
Where is this duplex located?
The property is located at 358 72nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Vacant Bay Ridge two‑family all‑brick row‑house built in 1910; Approximately 3,120 sq ft on a 20' x 100' lot, featuring two residences; Semi‑finished basement with separate entrance
