Brick Two-Family Duplex with
For Sale
$2,188,000
7109 10th Avenue, Brooklyn, NY 11228
MULTI_FAMILY - Brooklyn, NY
Property Size2,900 SF
Lot Size0.05 Acres
Price / SF$754.48
Days on Market127
Property Features for 7109 10th Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 5, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 2
Parking features
Garage
Interior features
Central Air - Split, Garage Door Opener(s), Laundry Area, Refrigerator, Stove
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
2,900 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12518
Building Details
Year built
1965
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Kirin Real Estate LLC
(929) 460-0008
Listed By:
Allen Z. Luo · License #10491214007
(929) 460-0008
Added: Apr 9
Changed: Aug 7
Last Checked: Aug 13 at 12:06PM
MLS# 499893
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.
A brick two-family duplex with a garage and a rare private drive, offering flexible living configurations across three stories. The first floor includes a built-in garage, a three-room setup, a full bath, and direct access to a private backyard. The upper levels are currently configured as a spacious four-bedroom, two-bath duplex featuring an oversized kitchen and sliding doors to a rear porch. All appliances are included.
The home can also be converted back to a more traditional layout, with each floor offering two bedrooms, a full bath, a kitchen, and a living area. Original plumbing remains intact behind the walls, supporting seamless reconfiguration. Interior features include split-unit air conditioning and gas heat and hot water, along with tile and hardwood flooring. A flat roof and laundry area are additional noted features.
Set on a 0.0505-acre lot with 2,900 square feet of space, the property was built in 1965 and is located at 7109 10th Avenue in Brooklyn (Dyker Heights), ZIP 11228, within Kings County.
The home can also be converted back to a more traditional layout, with each floor offering two bedrooms, a full bath, a kitchen, and a living area. Original plumbing remains intact behind the walls, supporting seamless reconfiguration. Interior features include split-unit air conditioning and gas heat and hot water, along with tile and hardwood flooring. A flat roof and laundry area are additional noted features.
Set on a 0.0505-acre lot with 2,900 square feet of space, the property was built in 1965 and is located at 7109 10th Avenue in Brooklyn (Dyker Heights), ZIP 11228, within Kings County.
Key Highlights
- R5 zoned brick two‑family duplex with garage and private drive
- 0.0505‑acre lot with 2,900 square feet of space
- Three‑story layout with first‑floor three‑room setup and full bath
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
$101,563
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
4.64%
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%
$2,031,260
$2.0M
Cap Rate 7%
$1,450,900
$1.5M
Cap Rate 9%
$1,128,478
$1.1M
Market Conditions
NOI Build-Up for 2,900 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
$147.9K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$145.1K $50.03/SF
− OpEx
−$43.5K −$15.01/SF
NOI
$101.6K $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%
$2,031,260
Cap Rate 7%
$1,450,900
Cap Rate 9%
$1,128,478
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.69M
NOI $101,563 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$1.26M
$1.11M – $1.48M
NOI $88,534 @ 7.0% cap · market cap 4.05%
Theoretical Best
Specialty Retail
$2.40M
$2.10M – $2.80M
NOI $168,084 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,439
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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 - R5 zoned brick two-family duplex with gas heat and split A/C, plus a garage and private drive parking.
Where is this duplex located?
The property is located at 7109 10th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,188,000.
What are key features of this property?
This property features: R5 zoned brick two‑family duplex with garage and private drive; 0.0505‑acre lot with 2,900 square feet of space; Three‑story layout with first‑floor three‑room setup and full bath
