Detached Duplex with Private Front
For Sale
$650,000
719 E 83rd Street, Brooklyn, NY 11236
SINGLE_FAMILY - Brooklyn, NY
Property Size900 SF
Lot Size0.05 Acres
Price / SF$722.22
Days on Market140
Property Features for 719 E 83rd Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5B
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 1
Interior features
Refrigerator, Stove, Window Treatments
Subdivision
Canarsie
Standard status
Active
Size
900 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
1759
Building Details
Year built
1930
Floors in Building
2
Building materials
Wood Frame
Architectural style
Other
Listing Agency:
Brooklyn Real Property, Inc
(718) 272-8988
Listed By:
Jean Paul Ho · License #JPH8888
(718) 875-8899
Added: Apr 17
Changed: Aug 3
Last Checked: Sep 3 at 3:06PM
MLS# 500625
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.
Detached duplex in clean, move-in condition on a quiet Canarsie block in Brooklyn. The home offers three bedrooms and two bathrooms, along with a partial basement for additional storage or potential use. Construction is wood frame, and the interior includes appliances and finishes such as a refrigerator and stove, plus window treatments.
Set on a 20 x 100 lot with an extra-large private front yard, the property is zoned R5B. The listing notes approximately 2,100 buildable FAR, creating flexibility for expansion or conversion to a two- or three-family configuration, as well as the addition of an ADU. Built in 1930, the property sits on a 0.0459-acre site and has a 900-square-foot property size as provided.
For buyers looking to personalize the home or explore a conversion/ADU, the R5B zoning and lot configuration are central to the possibilities described for this detached duplex.
Set on a 20 x 100 lot with an extra-large private front yard, the property is zoned R5B. The listing notes approximately 2,100 buildable FAR, creating flexibility for expansion or conversion to a two- or three-family configuration, as well as the addition of an ADU. Built in 1930, the property sits on a 0.0459-acre site and has a 900-square-foot property size as provided.
For buyers looking to personalize the home or explore a conversion/ADU, the R5B zoning and lot configuration are central to the possibilities described for this detached duplex.
Key Highlights
- Detached duplex on a quiet Canarsie block in Brooklyn
- 20 x 100 lot with an extra‑large private front yard
- R5B zoning with approximately 2,100 buildable FAR
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
$31,520
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
4.85%
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%
$630,400
$630.4K
Cap Rate 7%
$450,286
$450.3K
Cap Rate 9%
$350,222
$350.2K
Market Conditions
NOI Build-Up for 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
$45.9K $51.00/SF
− Vacancy
−$872 −$0.97/SF
EGI
$45.0K $50.03/SF
− OpEx
−$13.5K −$15.01/SF
NOI
$31.5K $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%
$630,400
Cap Rate 7%
$450,286
Cap Rate 9%
$350,222
Alternative Uses
Best Use
Multifamily LT 5
$450.3K
$394.0K – $525.3K
NOI $31,520 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$392.5K
$343.5K – $457.9K
NOI $27,476 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$745.2K
$652.1K – $869.4K
NOI $52,164 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,110
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 - Detached duplex on an R5B-zoned lot with a private front yard and partial basement in move-in condition.
Where is this duplex located?
The property is located at 719 E 83rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Detached duplex on a quiet Canarsie block in Brooklyn; 20 x 100 lot with an extra‑large private front yard; R5B zoning with approximately 2,100 buildable FAR
