Two-Family Home with Finished
For Sale
$910,000
64 Williams Ave, Brooklyn, NY 11207
Separate residential units are complemented by finished lower-level space and an additional cellar.
Property Size1,632 SF
Lot Size0.03 Acres
Price / SF$557.60
Days on Market12
Property Features for 64 Williams Ave
General Information
Standard status
Active
Size
1,632 SF
Lot size
0.03 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,596
Building Details
Building Size
1,632 SF
Year Built
1901
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Johnson Real Estate Group, Inc
(718) 209-7005
Listed By:
Nazir Islam
(718) 209-7005
Source:
Elliman
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 12 at 6:23AM
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 Johnson Real Estate Group, Inc
Investment Insights
Based on property information with market context.
This two-family residence at 64 Williams Ave includes two separate residential units with a combined layout of 3 bedrooms and 2 bathrooms. The property also provides a full finished walk-in basement and an additional cellar, offering extra areas for storage, recreation, office use, or other household needs. The building contains approximately 1,632 SF on a 1,400 SF lot and was built in 1901.
Located in East New York, Brooklyn, the home is near a school and public transportation. Its reported mobility scores include a 90 walk score, 100 transit score, and 73 bike score. The two-unit configuration and additional lower-level areas provide a flexible residential setup for occupants or owners evaluating a multifamily property.
Located in East New York, Brooklyn, the home is near a school and public transportation. Its reported mobility scores include a 90 walk score, 100 transit score, and 73 bike score. The two-unit configuration and additional lower-level areas provide a flexible residential setup for occupants or owners evaluating a multifamily property.
Key Highlights
- Two separate residential units in a two‑family configuration
- 3 bedrooms and 2 bathrooms
- Full finished walk‑in basement plus an additional cellar
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
$57,155
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
6.28%
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%
$1,143,100
$1.1M
Cap Rate 7%
$816,500
$816.5K
Cap Rate 9%
$635,056
$635.1K
Market Conditions
NOI Build-Up for 1,632 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
$83.2K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$81.7K $50.03/SF
− OpEx
−$24.5K −$15.01/SF
NOI
$57.2K $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%
$1,143,100
Cap Rate 7%
$816,500
Cap Rate 9%
$635,056
Alternative Uses
Best Use
Multifamily LT 5
$816.5K
$714.4K – $952.6K
NOI $57,155 @ 7.0% cap · market cap 6.28%
Second Best
Apartment 5plus
$711.8K
$622.8K – $830.4K
NOI $49,823 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.58M
NOI $94,591 @ 7.0% cap · market cap 10.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Separate residential units are complemented by finished lower-level space and an additional cellar.
Where is this duplex located?
The property is located at 64 Williams Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $910,000.
What are key features of this property?
This property features: Two separate residential units in a two‑family configuration; 3 bedrooms and 2 bathrooms; Full finished walk‑in basement plus an additional cellar
