Two-Family Duplex with
New
For Sale
$1,695,000
611 76TH Street, Brooklyn, NY 11209
Legally configured as a two-family residence, the property is currently arranged for single-family use.
Property Size2,664 SF
Price / SF$636.26
Days on Market6
Property Features for 611 76TH Street
General Information
Standard status
Active
Size
2,664 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,312
Building Details
Building Size
2,664 SF
Year Built
1901
Tenancy
Single
Listing Agency:
Corcoran Group
Listed By:
Alexandra Carter · License #10401256611 (NY)
(904) 860-2098
Source:
Miradorrealestate
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:41PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 2,664-square-foot brick, brownstone, and limestone duplex retains stained-glass windows, inlaid floors, original woodwork, and other period details. The residence includes three bedrooms, a dressing or sitting room, formal living and dining rooms, and a renovated eat-in kitchen. A finished basement with a half bathroom and separate front and rear entrances adds flexible interior space. Split-system units provide heating and cooling, and the roof and plumbing have been updated.
The kitchen opens to a bluestone terrace, garden, and paved patio. Outdoor features include irrigation, a plumbed gas barbecue, and a separate side entrance to the yard. The property is two blocks from the subway, with bus service, schools, parks, and restaurants also nearby.
The kitchen opens to a bluestone terrace, garden, and paved patio. Outdoor features include irrigation, a plumbed gas barbecue, and a separate side entrance to the yard. The property is two blocks from the subway, with bus service, schools, parks, and restaurants also nearby.
Key Highlights
- Legally configured as a two‑family residence; currently arranged for single‑family use
- 2,664 square feet with three bedrooms and a dressing or sitting room
- Finished basement with half bathroom and separate front and rear entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,298
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,865,960
$1.9M
Cap Rate 7%
$1,332,829
$1.3M
Cap Rate 9%
$1,036,644
$1.0M
Market Conditions
NOI Build-Up for 2,664 SF
Gross rent
$135.9K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$133.3K $50.03/SF
− OpEx
−$40.0K −$15.01/SF
NOI
$93.3K $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%
$1,865,960
Cap Rate 7%
$1,332,829
Cap Rate 9%
$1,036,644
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.55M
NOI $93,298 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$1.16M
$1.02M – $1.36M
NOI $81,329 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$2.21M
$1.93M – $2.57M
NOI $154,405 @ 7.0% cap · market cap 9.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,057
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 - Legally configured as a two-family residence, the property is currently arranged for single-family use.
Where is this duplex located?
The property is located at 611 76TH Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Legally configured as a two‑family residence; currently arranged for single‑family use; 2,664 square feet with three bedrooms and a dressing or sitting room; Finished basement with half bathroom and separate front and rear entrances
