Brick Duplex with Finished
For Sale
$829,999
725 E 48th Street, Brooklyn, NY 11203
Residential, Duplex, Brooklyn, NY
Property Size1,905 SF
Lot Size0.05 Acres
Price / SF$435.70
Days on Market64
Property Features for 725 E 48th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Interior features
A/C Unit - Window, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
East Flatbush
Standard status
Active
Size
1,905 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
1881
Amenities
custom built-in storage
updated kitchen
hardwood floors
finished basement
lanai
laundry area
backyard
private parking
Building Details
Year built
1945
Flooring type
Tile, Hardwood
Roof type
Flat
Architectural style
Other
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Cheryl A. Slocum
(718) 377-6161
Added: Jun 22
Changed: Aug 23
Last Checked: Aug 24 at 3:06PM
MLS# 502487
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.
This brick duplex was built in 1945 and contains 1,905 square feet on a 0.0461-acre lot. Interior features include three bedrooms, two bathrooms, hardwood and tile flooring, an updated kitchen, formal dining area, living room, laundry area, and a finished basement with its own entrance. Window A/C, a washer, dryer, refrigerator, stove, and microwave are included. A lanai extends from the kitchen, while the flat roof and private parking add practical features.
The property is located at 725 E 48th Street in Brooklyn, NY 11203. Shopping, restaurants, schools, houses of worship, and public transportation are identified in the surrounding area. The R4 zoning designation and residential configuration support consideration by buyers seeking a multifamily property in Brooklyn.
The property is located at 725 E 48th Street in Brooklyn, NY 11203. Shopping, restaurants, schools, houses of worship, and public transportation are identified in the surrounding area. The R4 zoning designation and residential configuration support consideration by buyers seeking a multifamily property in Brooklyn.
Key Highlights
- 1,905 square feet on a 0.0461‑acre lot
- R4 zoning designation
- Finished basement with a separate entrance
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
$66,716
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
8.04%
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%
$1,334,320
$1.3M
Cap Rate 7%
$953,086
$953.1K
Cap Rate 9%
$741,289
$741.3K
Market Conditions
NOI Build-Up for 1,905 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
$97.2K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$95.3K $50.03/SF
− OpEx
−$28.6K −$15.01/SF
NOI
$66.7K $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%
$1,334,320
Cap Rate 7%
$953,086
Cap Rate 9%
$741,289
Alternative Uses
Best Use
Multifamily LT 5
$953.1K
$834.0K – $1.11M
NOI $66,716 @ 7.0% cap · market cap 8.04%
Second Best
Apartment 5plus
$830.8K
$727.0K – $969.3K
NOI $58,158 @ 7.0% cap · market cap 7.01%
Theoretical Best
Specialty Retail
$1.58M
$1.38M – $1.84M
NOI $110,414 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,646
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned property with hardwood flooring, private parking, and a separate-entry finished basement.
Where is this duplex located?
The property is located at 725 E 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $829,999.
What are key features of this property?
This property features: 1,905 square feet on a 0.0461‑acre lot; R4 zoning designation; Finished basement with a separate entrance
