Stone Two-Family
For Sale
$1,800,000
4807 Fort Hamilton Parkway, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$545.45
Days on Market91
Property Features for 4807 Fort Hamilton Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1
Interior features
Dryer, Washer
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
3,300 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
847
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Listing Agency:
Keller Williams LandMark II · Keller Williams Realty
(347) 846-1200
Listed By:
George Herrera · License #10401224259
(718) 968-5538
Added: Jul 3
Changed: Sep 24
Last Checked: Oct 1 at 2:06PM
MLS# 502762
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 attached stone townhouse contains two vacant residential units across three levels, including a basement, with 3,300 square feet of interior space. Built in 1899 on a 0.049-acre lot measuring 20 feet by 55 feet, the property includes two bathrooms, six bedrooms, a washer, and a dryer. Both units require renovation, offering the opportunity to rework the existing layout and finishes.
The property is located at 4807 Fort Hamilton Parkway in Brooklyn, NY 11219. The D train provides service to Manhattan and downtown Brooklyn, while restaurants, markets, schools, and Prospect Park are within the surrounding area. R6 zoning is identified as allowing an additional 1,750 interior square feet and a fourth level, subject to applicable requirements.
The property is located at 4807 Fort Hamilton Parkway in Brooklyn, NY 11219. The D train provides service to Manhattan and downtown Brooklyn, while restaurants, markets, schools, and Prospect Park are within the surrounding area. R6 zoning is identified as allowing an additional 1,750 interior square feet and a fourth level, subject to applicable requirements.
Key Highlights
- Two vacant residential units in an attached stone townhouse
- 3,300 square feet across three levels, including a basement
- R6 zoning identified as allowing an additional 1,750 interior square feet and a fourth level
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
$95,301
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
5.29%
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%
$1,906,020
$1.9M
Cap Rate 7%
$1,361,443
$1.4M
Cap Rate 9%
$1,058,900
$1.1M
Market Conditions
NOI Build-Up for 3,300 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
$142.6K $43.20/SF
− Vacancy
−$6.4K −$1.94/SF
EGI
$136.1K $41.26/SF
− OpEx
−$40.8K −$12.38/SF
NOI
$95.3K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,906,020
Cap Rate 7%
$1,361,443
Cap Rate 9%
$1,058,900
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,301 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,547 @ 7.0% cap · market cap 4.75%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,751 @ 7.0% cap · market cap 8.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
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 - Two vacant units with R6 zoning, washer and dryer appliances, and renovation needs.
Where is this duplex located?
The property is located at 4807 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Two vacant residential units in an attached stone townhouse; 3,300 square feet across three levels, including a basement; R6 zoning identified as allowing an additional 1,750 interior square feet and a fourth level
