Fully Renovated Detached
For Sale
$980,000
4614 Avenue I, Brooklyn, NY 11234
SINGLE_FAMILY - Brooklyn, NY
Property Size1,465 SF
Lot Size0.08 Acres
Price / SF$668.94
Days on Market16
Property Features for 4614 Avenue I
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2
Interior features
Refrigerator, Stove, Terrace
Basement
Finished
Subdivision
Flatlands
Standard status
Active
Size
1,465 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
8200
Building Details
Year built
1935
Floors in Building
2
Flooring type
Tile
Roof type
Flat
Architectural style
Other
Listing Agency:
E House Realty & Mgt. Inc
(718) 551-4795
Listed By:
Mingqin Sun
(718) 551-4795
Added: Jul 30
Changed: Aug 9
Last Checked: Aug 14 at 4:06AM
MLS# 503399
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.
4614 Avenue I is a fully renovated detached single-family home with 3 bedrooms and 2 full bathrooms, plus a fully finished basement. The main level features a bright living room, a separate dining area, and an open-concept kitchen with premium cabinetry, modern appliances, and direct access to the private backyard. Upstairs, you’ll find three comfortable bedrooms and a full bath. The basement is finished and includes a separate entrance and a full bathroom, creating flexible space for a family room, home office, guest suite, gym, or recreation.
Additional features include a private 12-ft-wide driveway and a detached garage. The property sits on a 35' x 100' lot, with approximately 23' x 35' on the first floor and 23' x 30' on the second floor, and it is listed under R4 zoning. Annual property taxes are approximately $8,100.
The home is positioned in a quiet neighborhood with proximity to schools, parks, shopping, supermarkets, restaurants, and public transportation, offering a move-in-ready setup with modern finishes and functional indoor-outdoor flow.
Additional features include a private 12-ft-wide driveway and a detached garage. The property sits on a 35' x 100' lot, with approximately 23' x 35' on the first floor and 23' x 30' on the second floor, and it is listed under R4 zoning. Annual property taxes are approximately $8,100.
The home is positioned in a quiet neighborhood with proximity to schools, parks, shopping, supermarkets, restaurants, and public transportation, offering a move-in-ready setup with modern finishes and functional indoor-outdoor flow.
Key Highlights
- Fully renovated detached single‑family home built in 1935 with 3 bedrooms and 2 full bathrooms
- Private 12‑ft‑wide driveway plus a detached garage
- Open‑concept kitchen with modern appliances, premium cabinetry, and direct access to the private backyard
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
$44,725
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
4.56%
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%
$894,500
$894.5K
Cap Rate 7%
$638,929
$638.9K
Cap Rate 9%
$496,944
$496.9K
Market Conditions
NOI Build-Up for 1,465 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
$83.0K $56.64/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$81.3K $55.51/SF
− OpEx
−$36.6K −$24.98/SF
NOI
$44.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$894,500
Cap Rate 7%
$638,929
Cap Rate 9%
$496,944
Alternative Uses
Best Use
Apartment 5plus
$638.9K
$559.1K – $745.4K
NOI $44,725 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,911 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Detached 3-bedroom home with 2 full baths, a finished basement with separate entrance, and a detached garage.
Where is this single family property located?
The property is located at 4614 Avenue I Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Fully renovated detached single‑family home built in 1935 with 3 bedrooms and 2 full bathrooms; Private 12‑ft‑wide driveway plus a detached garage; Open‑concept kitchen with modern appliances, premium cabinetry, and direct access to the private backyard
