Brick Duplex With Garage
For Sale
$2,398,000
6406 19th Ave, Brooklyn, NY 11204
Brick two-family residence with basement space, shared driveway, and garage parking near commercial services and transit.
Property Size3,480 SF
Days on Market11
Property Features for 6406 19th Ave
General Information
Standard status
Active
Size
3,480 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,530
Building Details
Building Size
3,480 SF
Year Built
1920
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Aug 14
Changed: Aug 21
Last Checked: Aug 24 at 6:11AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This semi-detached duplex is a fully brick two-family residence built in 1920. The layout includes seven bedrooms, four full bathrooms, separate living and kitchen areas, and a full basement. A shared driveway and two-car garage provide on-site parking and additional convenience.
The property is located at 6406 19th Ave in Brooklyn, near the Bensonhurst and Borough Park border. The surrounding area includes the 18th Avenue commercial corridor, supermarkets, restaurants, shopping, banks, and parks. Public transportation is available through the N and F subway lines and major bus routes. Franklin Delano Roosevelt High School and I.S. 227 Edward B. Shallow are also nearby. The property has a Walk Score of 96, Transit Score of 84, and Bike Score of 56.
The property is located at 6406 19th Ave in Brooklyn, near the Bensonhurst and Borough Park border. The surrounding area includes the 18th Avenue commercial corridor, supermarkets, restaurants, shopping, banks, and parks. Public transportation is available through the N and F subway lines and major bus routes. Franklin Delano Roosevelt High School and I.S. 227 Edward B. Shallow are also nearby. The property has a Walk Score of 96, Transit Score of 84, and Bike Score of 56.
Key Highlights
- Seven‑bedroom, four‑bathroom two‑family layout
- Fully brick semi‑detached construction built in 1920
- Full basement for additional property space
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
$121,876
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
5.08%
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%
$2,437,520
$2.4M
Cap Rate 7%
$1,741,086
$1.7M
Cap Rate 9%
$1,354,178
$1.4M
Market Conditions
NOI Build-Up for 3,480 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
$177.5K $51.00/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$174.1K $50.03/SF
− OpEx
−$52.2K −$15.01/SF
NOI
$121.9K $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%
$2,437,520
Cap Rate 7%
$1,741,086
Cap Rate 9%
$1,354,178
Alternative Uses
Best Use
Multifamily LT 5
$1.74M
$1.52M – $2.03M
NOI $121,876 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,241 @ 7.0% cap · market cap 4.43%
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,701 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,047
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
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 - Brick two-family residence with basement space, shared driveway, and garage parking near commercial services and transit.
Where is this duplex located?
The property is located at 6406 19th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,398,000.
What are key features of this property?
This property features: Seven‑bedroom, four‑bathroom two‑family layout; Fully brick semi‑detached construction built in 1920; Full basement for additional property space
