Brick Duplex
For Sale
$998,000
Pending
657 E 102nd St, Brooklyn, NY 11236
Two residential units offer three bedrooms and two full bathrooms apiece, with hardwood floors and private primary suites.
Property Size2,140 SF
Days on Market279
Property Features for 657 E 102nd St
General Information
Standard status
Pending
Size
2,140 SF
Property subtype
Residential Income
Units
Unit Mix
3BR/2BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,982
Amenities
backyard
parking available
Building Details
Buildings
1
Construction
brick
Listing Agency:
Homes NYC Group Inc
Listed By:
Aissatou L. Diallo
(347) 236-6136
Source:
Exprealty
Added: Dec 4, 2025
Changed: Sep 2
Last Checked: Sep 8 at 8:54AM
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 Homes NYC Group Inc
Investment Insights
Based on property information with market context.
This attached brick townhouse contains two residential apartments totaling approximately 2, 140 sq ft, along with a full walk-in basement. The first-floor residence measures approximately 946 sq ft and includes three bedrooms, two full bathrooms, a primary suite with an en-suite bath, separate living and dining areas, a kitchen with cabinetry, hardwood flooring, 8-foot ceilings, and storage. The second-floor apartment measures approximately 941 sq ft and also provides three bedrooms and two full bathrooms, including a primary bedroom with an en-suite bath. A skylight adds natural light to one bedroom, while the living room, dining area, hardwood floors, and coat closet complete the layout.
Outdoor features include a large backyard and available parking. The property is near multiple public transportation options, including the L train three blocks away and B6 and B82 bus service close to the house. Located at 657 E 102nd St in Brooklyn, the two-family configuration accommodates both owner occupancy and rental use.
Outdoor features include a large backyard and available parking. The property is near multiple public transportation options, including the L train three blocks away and B6 and B82 bus service close to the house. Located at 657 E 102nd St in Brooklyn, the two-family configuration accommodates both owner occupancy and rental use.
Key Highlights
- Two‑family attached brick townhouse at 657 E 102nd St, Brooklyn, NY
- Approximately 2, 140 sq ft plus a full walk‑in basement
- First‑floor unit: approximately 946 sq ft with 3 bedrooms and 2 full bathrooms
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
$74,946
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
7.51%
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%
$1,498,920
$1.5M
Cap Rate 7%
$1,070,657
$1.1M
Cap Rate 9%
$832,733
$832.7K
Market Conditions
NOI Build-Up for 2,140 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
$109.1K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$107.1K $50.03/SF
− OpEx
−$32.1K −$15.01/SF
NOI
$74.9K $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%
$1,498,920
Cap Rate 7%
$1,070,657
Cap Rate 9%
$832,733
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$936.8K – $1.25M
NOI $74,946 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$933.3K
$816.7K – $1.09M
NOI $65,332 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,034 @ 7.0% cap · market cap 12.43%
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
1,982
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
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 - Two residential units offer three bedrooms and two full bathrooms apiece, with hardwood floors and private primary suites.
Where is this duplex located?
The property is located at 657 E 102nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑family attached brick townhouse at 657 E 102nd St, Brooklyn, NY; Approximately 2, 140 sq ft plus a full walk‑in basement; First‑floor unit: approximately 946 sq ft with 3 bedrooms and 2 full bathrooms
