Brick Two-Family
For Sale
$899,999
5215 Avenue H, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,724 SF
Lot Size0.05 Acres
Price / SF$522.04
Days on Market65
Property Features for 5215 Avenue H
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Interior features
Refrigerator, Stove
Subdivision
Flatlands
Standard status
Active
Size
1,724 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6839
Amenities
backyard
front patio
hardwood floors
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Listing Agency:
Excell Choice Realty
(718) 705-4646
Listed By:
Jeloni Cunningham
(718) 345-4545
Added: Jul 5
Changed: Sep 5
Last Checked: Sep 7 at 12:06PM
MLS# 502797
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.
Located at 5215 Avenue H in Brooklyn, this 1,724-square-foot brick duplex was built in 1950 and contains four bedrooms and two bathrooms. The upper level includes two bedrooms, one bathroom, and a front patio, while the lower level adds two bedrooms, one bathroom, and a living room. Hardwood flooring, abundant windows, a refrigerator, and a stove are included. The property does not have a basement.
Outdoor features include a private driveway and backyard space. The 0.047-acre parcel is within the R4 zoning designation and is identified in Brooklyn, NY 11234.
Outdoor features include a private driveway and backyard space. The 0.047-acre parcel is within the R4 zoning designation and is identified in Brooklyn, NY 11234.
Key Highlights
- 1,724‑square‑foot brick duplex built in 1950
- Four bedrooms and two bathrooms across two living levels
- Upper level includes a front patio; lower level includes a living room
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
$60,377
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
6.71%
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%
$1,207,540
$1.2M
Cap Rate 7%
$862,529
$862.5K
Cap Rate 9%
$670,856
$670.9K
Market Conditions
NOI Build-Up for 1,724 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
$87.9K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$86.3K $50.03/SF
− OpEx
−$25.9K −$15.01/SF
NOI
$60.4K $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%
$1,207,540
Cap Rate 7%
$862,529
Cap Rate 9%
$670,856
Alternative Uses
Best Use
Multifamily LT 5
$862.5K
$754.7K – $1.01M
NOI $60,377 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$751.9K
$657.9K – $877.2K
NOI $52,632 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$1.43M
$1.25M – $1.67M
NOI $99,923 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,164
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
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 - Upper and lower living levels each offer two bedrooms and one bathroom, with private outdoor space and driveway parking.
Where is this duplex located?
The property is located at 5215 Avenue H Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 1,724‑square‑foot brick duplex built in 1950; Four bedrooms and two bathrooms across two living levels; Upper level includes a front patio; lower level includes a living room
