Bay Ridge Limestone
For Sale
$1,599,998
539 72nd Street, Brooklyn, NY 11209
Legal two-family residence with separate apartments, a full basement, and a private backyard.
Property Size3,000 SF
Lot Size0.05 Acres
Days on Market47
Property Features for 539 72nd Street
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
1 x 4BR/2BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,084
Amenities
private backyard
Building Details
Building Size
3,000 SF
Year Built
1910
Buildings
1
Units
2
Construction
limestone and brick
Listing Agency:
RE/MAX Edge
(917) 967-5966
Listed By:
Zaiyou Zhu · License #ZYZ1615
(917) 967-5966
Source:
Alexandermadisonhomes
Added: Jul 16
Changed: Aug 28
Last Checked: Aug 28 at 11:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Edge
Investment Insights
Based on property information with market context.
This legal two-family duplex residence combines limestone and brick construction with a two-apartment layout. The first-floor and lower-level unit includes 4 bedrooms and 2 full bathrooms, while the second-floor apartment provides 3 bedrooms and 1 bathroom. High ceilings, oversized windows, and abundant natural light add character throughout the home. A full-size basement with a separate entrance expands the usable space, and the private backyard accommodates outdoor use, gardening, or entertaining.
The property occupies a 20' x 100' lot with a 20' x 50' building footprint at 539 72nd Street in Brooklyn's Bay Ridge neighborhood. Shopping, dining, neighborhood amenities, and the R train are nearby, with access toward Downtown Brooklyn and Manhattan. The residence is offered fully vacant at closing, allowing an owner to occupy, customize, or use the separate apartment configuration for rental income.
The property occupies a 20' x 100' lot with a 20' x 50' building footprint at 539 72nd Street in Brooklyn's Bay Ridge neighborhood. Shopping, dining, neighborhood amenities, and the R train are nearby, with access toward Downtown Brooklyn and Manhattan. The residence is offered fully vacant at closing, allowing an owner to occupy, customize, or use the separate apartment configuration for rental income.
Key Highlights
- Legal two‑family residence with 4‑bedroom and 2‑bathroom lower unit plus 3‑bedroom, 1‑bathroom second‑floor apartment
- 20' x 100' lot with a 20' x 50' building footprint
- Limestone and brick construction dating to 1910
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
$105,065
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
6.57%
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%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 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
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.72%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 10.87%
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
5,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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 - Legal two-family residence with separate apartments, a full basement, and a private backyard.
Where is this duplex located?
The property is located at 539 72nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,998.
What are key features of this property?
This property features: Legal two‑family residence with 4‑bedroom and 2‑bathroom lower unit plus 3‑bedroom, 1‑bathroom second‑floor apartment; 20' x 100' lot with a 20' x 50' building footprint; Limestone and brick construction dating to 1910
