Brick Duplex with Private
For Sale
$1,275,000
4388 Bedford Avenue, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size2,249 SF
Lot Size0.05 Acres
Price / SF$566.92
Days on Market180
Property Features for 4388 Bedford Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2
Parking features
Garage
Patio and Porch features
Deck, Porch, Patio
Interior features
Central Air - Split, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,249 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8334
Amenities
front porch
private covered terrace
fenced backyard
garden
Building Details
Year built
1940
Floors in Building
2
Flooring type
Hardwood, Laminate
Roof type
Flat
Architectural style
Other
Listing Agency:
Re Max Team
(718) 429-4400
Listed By:
Gennadiy Gershanovich
(347) 219-7317
Added: Mar 11
Changed: Sep 5
Last Checked: Sep 6 at 8:06AM
MLS# 499503
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 R4-zoned duplex, built in 1940, offers 2,249 square feet on a 20-by-100-foot lot. The brick residence includes hardwood and laminate flooring, high ceilings, central air, an eat-in kitchen with stainless steel appliances, three bedrooms, and three bathrooms. A finished lower level adds a large multipurpose room, separate entrance, half bath, and storage. Recent improvements include updated bathroom fixtures and a new boiler.
Outdoor features include a front porch, deck, covered rear terrace, and fenced backyard garden with cultivated fruit trees, grapevines, seasonal flowers, and other plantings. A private driveway and garage provide off-street parking for multiple vehicles. Located at 4388 Bedford Avenue in Brooklyn’s 11229 ZIP code, the property combines residential interiors with substantial outdoor space and practical parking improvements.
Outdoor features include a front porch, deck, covered rear terrace, and fenced backyard garden with cultivated fruit trees, grapevines, seasonal flowers, and other plantings. A private driveway and garage provide off-street parking for multiple vehicles. Located at 4388 Bedford Avenue in Brooklyn’s 11229 ZIP code, the property combines residential interiors with substantial outdoor space and practical parking improvements.
Key Highlights
- 2,249 square feet on a 20‑by‑100‑foot lot
- R4 zoning and 1940 construction
- Finished lower level with separate entrance, half bath, and storage
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
$78,764
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
6.18%
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%
$1,575,280
$1.6M
Cap Rate 7%
$1,125,200
$1.1M
Cap Rate 9%
$875,156
$875.2K
Market Conditions
NOI Build-Up for 2,249 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
$114.7K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.5K $50.03/SF
− OpEx
−$33.8K −$15.01/SF
NOI
$78.8K $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%
$1,575,280
Cap Rate 7%
$1,125,200
Cap Rate 9%
$875,156
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$984.6K – $1.31M
NOI $78,764 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$980.9K
$858.3K – $1.14M
NOI $68,660 @ 7.0% cap · market cap 5.39%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,352 @ 7.0% cap · market cap 10.22%
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
4,874
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 interiors, a finished lower level, outdoor spaces, and a fenced garden support flexible residential use.
Where is this duplex located?
The property is located at 4388 Bedford Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 2,249 square feet on a 20‑by‑100‑foot lot; R4 zoning and 1940 construction; Finished lower level with separate entrance, half bath, and storage
