Brick Duplex with
New
For Sale
$925,000
706 E 95TH Street, Brooklyn, NY 11236
Two-unit brick property with separate living arrangements, private entrance, backyard garden, and one-car garage.
Property Size2,216 SF
Price / SF$417.42
Days on Market7
Property Features for 706 E 95TH Street
General Information
Standard status
Active
Size
2,216 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$82,464
Building Details
Building Size
2,216 SF
Year Built
1960
Construction
brick
Listing Agency:
Corcoran Group
(718) 923-8089
Listed By:
Timothy Hamm · License #30HA0931294 (NY)
(718) 923-8089
Source:
Howardhannanyc
Added: Aug 24
Changed: Aug 28
Last Checked: Aug 29 at 3:39PM
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
Investment Insights
Based on property information with market context.
This 2,216-square-foot brick duplex, built in 1960, includes two distinct residential units. The upper residence occupies the second and third floors and offers three bedrooms, 1.5 bathrooms, a living room, dining room, eat-in kitchen, closets, wooden floors, new windows, and a skylight. The second unit has its own entrance, one bedroom, an eat-in kitchen, a living room, and access to a backyard garden.
A one-car garage is included, along with driveway space that accommodates additional parking. The property is located at 706 E 95TH Street in Brooklyn’s Canarsie section. It has been pre-inspected and will be conveyed as-is.
A one-car garage is included, along with driveway space that accommodates additional parking. The property is located at 706 E 95TH Street in Brooklyn’s Canarsie section. It has been pre-inspected and will be conveyed as-is.
Key Highlights
- 2,216 SF brick duplex built in 1960
- Upper unit spans the second and third floors with 3 bedrooms and 1.5 bathrooms
- Second unit offers 1 bedroom, a private entrance, eat‑in kitchen, and living room
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
$77,608
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
8.39%
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%
$1,552,160
$1.6M
Cap Rate 7%
$1,108,686
$1.1M
Cap Rate 9%
$862,311
$862.3K
Market Conditions
NOI Build-Up for 2,216 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
$113.0K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.9K $50.03/SF
− OpEx
−$33.3K −$15.01/SF
NOI
$77.6K $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%
$1,552,160
Cap Rate 7%
$1,108,686
Cap Rate 9%
$862,311
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$970.1K – $1.29M
NOI $77,608 @ 7.0% cap · market cap 8.39%
Second Best
Apartment 5plus
$966.5K
$845.7K – $1.13M
NOI $67,652 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$1.83M
$1.61M – $2.14M
NOI $128,439 @ 7.0% cap · market cap 13.89%
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
2,751
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-unit brick property with separate living arrangements, private entrance, backyard garden, and one-car garage.
Where is this duplex located?
The property is located at 706 E 95TH Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 2,216 SF brick duplex built in 1960; Upper unit spans the second and third floors with 3 bedrooms and 1.5 bathrooms; Second unit offers 1 bedroom, a private entrance, eat‑in kitchen, and living room
