Building Details

Building Size 1,224 SF

Year Built 1920

Listing Agency: ISLAND ADVANTAGE REALTY LLC

Listed By: Todd Yovino · License #49YO0956714 Show Phone

Source: Penrealty

Added: Aug 21, 2025 Changed: Oct 11 Last Checked: Oct 11 at 12:38PM

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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 ISLAND ADVANTAGE REALTY LLC

Investment Insights

Based on property information with market context.

This duplex-style home features 5 bedrooms, 2 full baths, and 2 eat-in kitchens. The property also includes a basement. The information provided is estimated to the best of our abilities at this time. The property is located in Brooklyn, NY.

Key Highlights

• Duplex style home
• Boasting 5 bedrooms
• Features 2 full baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$42,867

Cap Rate

5.69%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$857,340 $857.3K

Cap Rate 7%

$612,386 $612.4K

Cap Rate 9%

$476,300 $476.3K

Market Conditions

NOI Build-Up for 1,224 SF

Gross rent

$62.4K $51.00/SF

− Vacancy

−$1.2K −$0.97/SF

EGI

$61.2K $50.03/SF

− OpEx

−$18.4K −$15.01/SF

NOI

$42.9K $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 Rate 5%

$857,340

Cap Rate 7%

$612,386

Cap Rate 9%

$476,300

Alternative Uses

Best Use

Multifamily LT 5

$612.4K

$535.8K – $714.5K (±1% cap)

NOI $42,867 @ 7.0% cap · market cap 5.69%

Second Best

Apartment 5plus

$533.8K

$467.1K – $622.8K (±1% cap)

NOI $37,367 @ 7.0% cap · market cap 4.96%

Theoretical Best

Specialty Retail

$1.01M

$886.8K – $1.18M (±1% cap)

NOI $70,943 @ 7.0% cap · market cap 9.42%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,357

Businesses Nearby

Explore this area Business Placement

Demographics for 11207, NY

100,330

Population

38,030

Households

2.6

Avg Household Size

35

Median Age

19%

College-Educated

81%

High-School Grad

2.7 sq mi

ZIP Area

37,159

Density / Sq Mi

$55,419

Median Household Income

$41,008

Median Earnings

$1,443

Median Rent

$657,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Duplex with 5 bedrooms, 2 baths, and 2 kitchens.

Where is this duplex located?

The property is located at 711 SCHENCK Avenue Brooklyn, NY.

What is the asking price?

The asking price for this property is $753,500.

What are key features of this property?

This property features: Duplex style home; Boasting 5 bedrooms; Features 2 full baths