Renovated Duplex with
For Sale
$1,149,000
3883 Bedford Avenue, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,002 SF
Lot Size0.05 Acres
Price / SF$1,146
Days on Market542
Property Features for 3883 Bedford Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Interior features
A/C Unit - Wall, Dishwasher, Laundry Area, Refrigerator, Stove, Window Treatments
Basement
Finished
Subdivision
Madison
Standard status
Active
Size
1,002 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6277
Amenities
wall/window unit AC
Building Details
Year built
1930
Floors in Building
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Terry Franco
(718) 676-1755
Added: Mar 17, 2025
Changed: Sep 5
Last Checked: Sep 9 at 5:06AM
MLS# 490095
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 1930 wood-frame duplex includes 1,002 square feet of building area on a 2,140-square-foot lot. The residence offers three bedrooms and two bathrooms, with carpet, hardwood, and tile flooring throughout. Interior features include updated windows, wall and window-unit air conditioning, a dishwasher, refrigerator, stove, laundry area, and window treatments. The kitchen has new appliances, stone countertops, and space for a dinette. Built-in bedroom closets add storage, while the renovated basement includes additional closets and a three-quarter bathroom.
Outdoor features include a front yard, an extra-large rear yard, and a concrete storage shed. A proposed carport plan accompanies the property, with curbside parking available. The property is located at 3883 Bedford Avenue in Brooklyn, NY 11229, and is zoned R3-2.
Outdoor features include a front yard, an extra-large rear yard, and a concrete storage shed. A proposed carport plan accompanies the property, with curbside parking available. The property is located at 3883 Bedford Avenue in Brooklyn, NY 11229, and is zoned R3-2.
Key Highlights
- Duplex with 1,002 square feet of building area
- 2,140‑square‑foot lot measuring 20x107
- Three bedrooms and two 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
$35,092
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
3.05%
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%
$701,840
$701.8K
Cap Rate 7%
$501,314
$501.3K
Cap Rate 9%
$389,911
$389.9K
Market Conditions
NOI Build-Up for 1,002 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
$51.1K $51.00/SF
− Vacancy
−$971 −$0.97/SF
EGI
$50.1K $50.03/SF
− OpEx
−$15.0K −$15.01/SF
NOI
$35.1K $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%
$701,840
Cap Rate 7%
$501,314
Cap Rate 9%
$389,911
Alternative Uses
Best Use
Multifamily LT 5
$501.3K
$438.7K – $584.9K
NOI $35,092 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$437.0K
$382.4K – $509.8K
NOI $30,590 @ 7.0% cap · market cap 2.66%
Theoretical Best
Specialty Retail
$829.7K
$726.0K – $967.9K
NOI $58,076 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,365
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Updated windows, kitchen appliances, and a renovated basement support practical residential use.
Where is this duplex located?
The property is located at 3883 Bedford Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Duplex with 1,002 square feet of building area; 2,140‑square‑foot lot measuring 20x107; Three bedrooms and two bathrooms
