Brick Two-Family
For Sale
$910,000
64 Williams Avenue, Brooklyn, NY 11207
Residential, Brooklyn, NY
Property Size1,632 SF
Lot Size0.03 Acres
Price / SF$557.60
Days on Market97
Property Features for 64 Williams Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
East New York
Standard status
Active
Size
1,632 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
8596
Building Details
Year built
1901
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
Johnson Real Estate Group, Inc
(718) 209-7005
Listed By:
Nazir Islam
(347) 992-4704
Added: Jun 6
Changed: Sep 5
Last Checked: Sep 10 at 1:06PM
MLS# 502065
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 two-unit residential property includes three bedrooms and two bathrooms across a 1,632-square-foot building. The structure dates to 1901 and features brick construction, hardwood flooring, a rubber roof, a refrigerator, and a stove. A finished walk-in basement and separate cellar provide additional interior space within the existing layout.
The property occupies a 0.0321-acre lot at 64 Williams Avenue in Brooklyn, NY 11207. It is identified as R6B zoning and is situated near local schools and public transportation. The East New York location and two-residence configuration define the property's residential setting and layout.
The property occupies a 0.0321-acre lot at 64 Williams Avenue in Brooklyn, NY 11207. It is identified as R6B zoning and is situated near local schools and public transportation. The East New York location and two-residence configuration define the property's residential setting and layout.
Key Highlights
- Two separate residential units
- Three bedrooms and two bathrooms
- 1,632‑square‑foot building on a 0.0321‑acre lot
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
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Open Analytics
Current Use
Lease Details
2
Residential units
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Separate residences and a completed basement expand the property's usable configuration.
Where is this duplex located?
The property is located at 64 Williams Avenue 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; Three bedrooms and two bathrooms; 1,632‑square‑foot building on a 0.0321‑acre lot
