Duplex Property With Roof
For Sale
$2,099,000
700 Dekalb Avenue, Brooklyn, NY 11216
Two connected duplex residences offer flexible layouts, finished lower-level space, and private outdoor areas for residential use.
Property Size3,096 SF
Price / SF$677.97
Days on Market210
Property Features for 700 Dekalb Avenue
General Information
Standard status
Active
Size
3,096 SF
Property subtype
Multi Family
Building Details
Building Size
3,096 SF
Year Built
1901
Listing Agency:
Corcoran Group
Listed By:
Jr. Allen Lyons · License #10401244627
(347) 922-4434
Source:
Penrealty
Added: Apr 1
Changed: Oct 26
Last Checked: Oct 26 at 10:11PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 1901 brick townhouse is arranged as two duplex residences across three stories and a finished basement. The property includes four bedrooms and four and a half bathrooms, with multiple living levels and adaptable lower-level space. A private backyard and roof deck extend the usable living area outdoors.
Set on a 19-foot-wide lot, the property is zoned R7A with a C2-4 overlay and has approximately 1,459 square feet of unused buildable area. The home is currently occupied but may be delivered vacant. Access to the G train at Nostrand Avenue provides transportation throughout Brooklyn and into Manhattan. The property is located at 700 Dekalb Avenue in Brooklyn, New York.
Set on a 19-foot-wide lot, the property is zoned R7A with a C2-4 overlay and has approximately 1,459 square feet of unused buildable area. The home is currently occupied but may be delivered vacant. Access to the G train at Nostrand Avenue provides transportation throughout Brooklyn and into Manhattan. The property is located at 700 Dekalb Avenue in Brooklyn, New York.
Key Highlights
- Two duplex residences arranged across three stories plus a finished basement
- Four bedrooms and four and a half bathrooms
- Private backyard and roof deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,427
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,168,540
$2.2M
Cap Rate 7%
$1,548,957
$1.5M
Cap Rate 9%
$1,204,744
$1.2M
Market Conditions
NOI Build-Up for 3,096 SF
Gross rent
$157.9K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$154.9K $50.03/SF
− OpEx
−$46.5K −$15.01/SF
NOI
$108.4K $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 Rate 5%
$2,168,540
Cap Rate 7%
$1,548,957
Cap Rate 9%
$1,204,744
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,427 @ 7.0% cap · market cap 5.17%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,518 @ 7.0% cap · market cap 4.50%
Theoretical Best
Specialty Retail
$2.56M
$2.24M – $2.99M
NOI $179,444 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
4,676
Businesses Nearby
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Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two connected duplex residences offer flexible layouts, finished lower-level space, and private outdoor areas for residential use.
Where is this duplex located?
The property is located at 700 Dekalb Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,099,000.
What are key features of this property?
This property features: Two duplex residences arranged across three stories plus a finished basement; Four bedrooms and four and a half bathrooms; Private backyard and roof deck
