Legal Two-Family Duplex
For Sale
$1,500,000
539 72nd Street, Brooklyn, NY 11209
Residential, Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$500
Days on Market107
Property Features for 539 72nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
r5b
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 2, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 5, Bathroom 1
Basement
Full, Finished
Subdivision
Bay Ridge
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Amenities
private backyard
full-size basement
Building Details
Floors in Building
2
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
ZaiYou (Joe) Zhu
(917) 967-5966
Added: Jun 26
Changed: Sep 16
Last Checked: Oct 10 at 6:06AM
MLS# 502613
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 legal two-family residence in Brooklyn’s Bay Ridge neighborhood combines limestone and brick construction with a 3,000-square-foot layout. The current arrangement includes an owner’s duplex with 4 bedrooms and 2 full bathrooms across the first floor and lower level, plus a separate second-floor apartment containing 3 bedrooms and 1 bathroom. High ceilings, oversized windows, and substantial natural light add to the interior character. A full-size basement with its own entrance provides additional usable space, while the private backyard offers outdoor area for recreation or gardening.
The property occupies a 20' x 100' lot with a 20' x 50' building footprint and is zoned r5b. It is located near Bay Ridge shopping, dining, schools, and neighborhood amenities, with the R train a short distance away for access toward Downtown Brooklyn and Manhattan. The residence will be delivered fully vacant at closing.
The property occupies a 20' x 100' lot with a 20' x 50' building footprint and is zoned r5b. It is located near Bay Ridge shopping, dining, schools, and neighborhood amenities, with the R train a short distance away for access toward Downtown Brooklyn and Manhattan. The residence will be delivered fully vacant at closing.
Key Highlights
- Legal two‑family residence with an owner’s duplex and separate second‑floor apartment
- 3,000 square feet on a 20' x 100' lot
- Owner’s duplex includes 4 bedrooms and 2 full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
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
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 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 7.00%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 6.11%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 11.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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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 - Vacant at closing with a private backyard, separate-entry basement, and flexible living arrangements.
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 $1,500,000.
What are key features of this property?
This property features: Legal two‑family residence with an owner’s duplex and separate second‑floor apartment; 3,000 square feet on a 20' x 100' lot; Owner’s duplex includes 4 bedrooms and 2 full bathrooms
