Bay Ridge Brick Renaissance
For Sale
Contact for pricing
568 74th Street, Brooklyn, NY 11209
Charming, well-maintained 2-family townhouse with original details and modern upgrades.
Property Size2,980 SF
Lot Size0.07 Acres
Price / SF$501.68
Days on Market216
Property Features for 568 74th Street
General Information
Standard status
Active
Size
2,980 SF
Lot size
0.07 Acres
Property subtype
Mixed Use
Listing Agency:
Maguire Real Estate
Listed By:
Joseph Gualtieri · License #10401301868
(646) 320-6289
Source:
Crexi
Added: Mar 26
Changed: Oct 25
Last Checked: Oct 26 at 3:38PM
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 Maguire Real Estate
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Investment Insights
Based on property information with market context.
This is a beautifully maintained brick 2-family Renaissance Revival townhouse located on a charming, tree-lined block in Bay Ridge. Built on an oversized 20x150 foot lot, the house offers spacious city living. The first floor features 6 large rooms, including 2 bedrooms, a custom kitchen with cherry cabinets and granite countertops, a formal dining room, a large living room, a full bathroom, and a rear sunroom. The second floor apartment is a spacious 3-bedroom unit with a modern kitchen, a large formal dining room, a living room, a full bathroom, and 3 bedrooms. The property includes a fully finished basement with high ceilings and a full bathroom. The house retains most of its original woodwork, pocket doors, inlaid hardwood floors, and period moldings. Upgrades include updated electric, split unit ACs, mechanicals, a newer gas steam boiler, and tankless hot water. A rear Trex deck is also present. The property is conveniently located near the train, buses, parks, shopping, and schools. It will be delivered fully tenant occupied, presenting a great investment opportunity.
Key Highlights
- Large, oversized 20X150 foot lot in Bay Ridge.
- Two‑family Renaissance Revival townhouse with original woodwork, pocket doors, and inlaid hardwood floors.
- Prime location: near train, buses, parks, shopping, and schools.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,365
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,300
$2.1M
Cap Rate 7%
$1,490,929
$1.5M
Cap Rate 9%
$1,159,611
$1.2M
Market Conditions
NOI Build-Up for 2,980 SF
Gross rent
$152.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$149.1K $50.03/SF
− OpEx
−$44.7K −$15.01/SF
NOI
$104.4K $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 Rate 5%
$2,087,300
Cap Rate 7%
$1,490,929
Cap Rate 9%
$1,159,611
Alternative Uses
Best Use
Multifamily LT 5
$1.49M
$1.30M – $1.74M
NOI $104,365 @ 7.0% cap · market cap 6.98%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $90,976 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$2.47M
$2.16M – $2.88M
NOI $172,721 @ 7.0% cap · market cap 11.55%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
5,553
Businesses Nearby
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Charming, well-maintained 2-family townhouse with original details and modern upgrades.
Where is this duplex located?
The property is located at 568 74th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Large, oversized 20X150 foot lot in Bay Ridge.; Two‑family Renaissance Revival townhouse with original woodwork, pocket doors, and inlaid hardwood floors.; Prime location: near train, buses, parks, shopping, and schools.
