Brick Duplex with Detached
For Sale
$1,250,000
365 79th Street, Brooklyn, NY 11209
Residential, Duplex, Brooklyn, NY
Property Size1,320 SF
Lot Size0.05 Acres
Price / SF$946.97
Days on Market144
Property Features for 365 79th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4B
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 3
Parking features
Garage - Detached
Interior features
Stove
Basement
Finished, Full
Subdivision
Bay Ridge
Standard status
Active
Size
1,320 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9139
Amenities
enclosed front porch
220V electric charger
laundry area
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Metro Realty Professionals
Listed By:
Jian (Carey) Yang
(718) 838-2600
Added: Apr 20
Changed: Sep 8
Last Checked: Sep 10 at 5:06AM
MLS# 500670
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 1925 brick duplex contains 1,320 square feet and is arranged across two principal floors with a finished basement. The main level includes an enclosed front porch, living room, dining room, and partially updated kitchen. Three bedrooms and a full bathroom occupy the upper floor, while the lower level provides a family room, laundry area, two full bathrooms, and both front and rear access. Hardwood flooring, a flat roof, and a recently replaced water heater are also included.
The 0.0502-acre lot measures 20 x 109.33 and includes a detached garage accessed by a community driveway, plus two additional parking spaces. A 220V electric-vehicle charger is installed. The property is zoned R4B and is located near Brooklyn’s 86th Street business district, with restaurants, shopping, and multiple public transportation options nearby.
The 0.0502-acre lot measures 20 x 109.33 and includes a detached garage accessed by a community driveway, plus two additional parking spaces. A 220V electric-vehicle charger is installed. The property is zoned R4B and is located near Brooklyn’s 86th Street business district, with restaurants, shopping, and multiple public transportation options nearby.
Key Highlights
- Duplex with 1,320 square feet on a 0.0502‑acre lot
- Brick construction dating to 1925 with hardwood flooring and a flat roof
- Finished basement with family room, laundry area, front and rear entrances, and two full bathrooms
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
$46,229
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
3.70%
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%
$924,580
$924.6K
Cap Rate 7%
$660,414
$660.4K
Cap Rate 9%
$513,656
$513.7K
Market Conditions
NOI Build-Up for 1,320 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
$67.3K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$66.0K $50.03/SF
− OpEx
−$19.8K −$15.01/SF
NOI
$46.2K $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%
$924,580
Cap Rate 7%
$660,414
Cap Rate 9%
$513,656
Alternative Uses
Best Use
Multifamily LT 5
$660.4K
$577.9K – $770.5K
NOI $46,229 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 3.22%
Theoretical Best
Specialty Retail
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
5,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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 - Three-level brick residential property with finished lower-level space, off-street parking, and an EV charging connection.
Where is this duplex located?
The property is located at 365 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Duplex with 1,320 square feet on a 0.0502‑acre lot; Brick construction dating to 1925 with hardwood flooring and a flat roof; Finished basement with family room, laundry area, front and rear entrances, and two full bathrooms
