Two-Unit Duplex
611 E 79th Street, Brooklyn, NY 11236
For Sale
$1,150,000
A separate street-level basement entrance, private driveway, and backyard complement the residential layout.
Property Size3,277 SF
Price / SF$350.93
Days on Market27
Property Features for 611 E 79th Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
laundry area
backyard
Building Details
Building Size
Year Built
Listing Agency:
Landmark Elite Homes Corp
Listed By:
Janet Harewood
(347) 569-5176
Source:
Poljanproperties
Added: Oct 16
Changed: Nov 3
Last Checked: Nov 10 at 10:01AM
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 Landmark Elite Homes Corp
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Investment Insights
Based on property information with market context.
The property contains a four-bedroom, two-and-a-half-bathroom duplex over a two-bedroom, one-bathroom apartment. The duplex spans the upper two floors, with four bedrooms and two full bathrooms upstairs; its primary suite includes an en-suite bath and walk-in closet. The main level has living and dining rooms, a kitchen, a family room, and a half bath. A balcony extends from the family room, and two skylights bring natural light into the space. The lower apartment has an updated kitchen and bathroom, hardwood flooring, and closet storage. A finished street-level basement has a separate exterior entrance, full bathroom, and laundry area, plus access toward the backyard through a separate hallway.
Hardwood floors, a private driveway, and a backyard are among the property's features. Built in 1970, the building measures 3,277 square feet. Recent improvements include a roof, skylights, boiler, and hot water tank, along with a wall-mounted air-conditioning unit in the primary bedroom.
Hardwood floors, a private driveway, and a backyard are among the property's features. Built in 1970, the building measures 3,277 square feet. Recent improvements include a roof, skylights, boiler, and hot water tank, along with a wall-mounted air-conditioning unit in the primary bedroom.
Key Highlights
- Four‑bedroom, 2.5‑bathroom duplex above a two‑bedroom, one‑bathroom apartment
- Finished street‑level basement with separate exterior entrance, full bathroom, and laundry area
- 3,277‑square‑foot property, built in 1970
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,043
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,860
$2.0M
Cap Rate 7%
$1,429,186
$1.4M
Cap Rate 9%
$1,111,589
$1.1M
Market Conditions
NOI Build-Up for 3,277 SF
Gross rent
$185.6K $56.64/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$181.9K $55.51/SF
− OpEx
−$81.9K −$24.98/SF
NOI
$100.0K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,860
Cap Rate 7%
$1,429,186
Cap Rate 9%
$1,111,589
Alternative Uses
Best Use
Multifamily LT 5
$1.64M
$1.43M – $1.91M
NOI $114,766 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,043 @ 7.0% cap · market cap 8.70%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.17M
NOI $189,935 @ 7.0% cap · market cap 16.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,135
Businesses Nearby
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A separate street-level basement entrance, private driveway, and backyard complement the residential layout.
Where is this duplex located?
The property is located at 611 E 79th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Four‑bedroom, 2.5‑bathroom duplex above a two‑bedroom, one‑bathroom apartment; Finished street‑level basement with separate exterior entrance, full bathroom, and laundry area; 3,277‑square‑foot property, built in 1970
