Brick Duplex With Attached
For Sale
$1,325,000
65 Paerdegat 2nd Street, Brooklyn, NY 11236
Residential, Brooklyn, NY
Property Size3,265 SF
Lot Size0.07 Acres
Price / SF$405.82
Days on Market9
Property Features for 65 Paerdegat 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
7
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bedroom 4, Bathroom 3, Bedroom 5, Bathroom 4, Bedroom 6, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 7, Bedroom 3, Bathroom 1, Bedroom 1
Parking features
Garage - Attached
Interior features
A/C Unit - Wall, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer, Window Treatments
Basement
Finished, Full
Subdivision
Canarsie
Standard status
Active
Size
3,265 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10800
Building Details
Year built
1965
Floors in Building
3
Number of units
2
Flooring type
Linoleum, Tile, Hardwood
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Aaron J. Eagle · License #10301221282
(718) 763-4110
Added: Sep 23
Changed: Sep 24
Last Checked: Oct 1 at 2:06PM
MLS# 504709
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 semi-attached brick duplex contains 3,265 square feet on a 0.0712-acre lot and was built in 1965. The property includes a lower level with its own entrance, an attached garage, and parking for 3-4 cars. Interior features include wall A/C units, a dishwasher, in-home laundry equipment, a refrigerator, stove, microwave, hardwood, tile, and linoleum flooring, along with a terrace.
The property is zoned R5B and will not be delivered fully vacant. Its layout and separate lower-level access provide multiple areas within the residence, while the attached garage and on-site parking add practical functionality. The flat roof and brick-and-block construction are additional physical characteristics of the building.
The property is zoned R5B and will not be delivered fully vacant. Its layout and separate lower-level access provide multiple areas within the residence, while the attached garage and on-site parking add practical functionality. The flat roof and brick-and-block construction are additional physical characteristics of the building.
Key Highlights
- 3,265 square feet on a 0.0712‑acre lot
- Semi‑attached brick duplex built in 1965
- Lower level has a separate entrance
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
$114,346
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
8.63%
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%
$2,286,920
$2.3M
Cap Rate 7%
$1,633,514
$1.6M
Cap Rate 9%
$1,270,511
$1.3M
Market Conditions
NOI Build-Up for 3,265 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
$166.5K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$163.4K $50.03/SF
− OpEx
−$49.0K −$15.01/SF
NOI
$114.3K $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 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%
$2,286,920
Cap Rate 7%
$1,633,514
Cap Rate 9%
$1,270,511
Alternative Uses
Best Use
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,346 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$1.42M
$1.25M – $1.66M
NOI $99,677 @ 7.0% cap · market cap 7.52%
Theoretical Best
Specialty Retail
$2.70M
$2.37M – $3.15M
NOI $189,239 @ 7.0% cap · market cap 14.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,646
Businesses Nearby
Explore this area
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
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 - Semi-attached brick duplex with a separate lower-level entrance, on-site parking, and an attached garage.
Where is this duplex located?
The property is located at 65 Paerdegat 2nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: 3,265 square feet on a 0.0712‑acre lot; Semi‑attached brick duplex built in 1965; Lower level has a separate entrance
