Brick Two-Family Duplex With
For Sale
$1,550,000
74 73rd Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property Size3,234 SF
Lot Size0.05 Acres
Price / SF$479.28
Days on Market688
Property Features for 74 73rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 4
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Unfinished
Subdivision
Bay Ridge
Standard status
Active
Size
3,234 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
12357
Amenities
balcony
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Listing Agency:
Ben Bay Realty Co of Bay Ridge
(718) 238-6080
Listed By:
Pavlina Tsokos
(718) 680-6442
Added: Sep 26, 2024
Changed: Aug 3
Last Checked: Aug 14 at 2:06AM
MLS# 486316
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.
Brick two-family duplex featuring a solid brick exterior and an inviting balcony. The home is described as two stories plus an unfinished basement, with a full bath and an eat-in kitchen. Interior finishes include hardwood and tile flooring, and the property also lists a refrigerator and stove among the interior features. Rooms are configured with multiple bedrooms and two bathrooms, and the basement includes a separate front entrance with convenient access to the backyard.
Set on a 22x100 lot, the home is described as 22x62 in size and totals 3,234 square feet. The property is zoned R3-2. Garage parking is included, and the building was constructed in 1925.
Being sold “as is,” the property is delivered vacant upon closing.
Set on a 22x100 lot, the home is described as 22x62 in size and totals 3,234 square feet. The property is zoned R3-2. Garage parking is included, and the building was constructed in 1925.
Being sold “as is,” the property is delivered vacant upon closing.
Key Highlights
- Solid brick two‑family duplex with balcony
- 22x62 building size on a 22x100 lot
- 3,234 SF property size
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
$113,260
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
7.31%
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%
$2,265,200
$2.3M
Cap Rate 7%
$1,618,000
$1.6M
Cap Rate 9%
$1,258,444
$1.3M
Market Conditions
NOI Build-Up for 3,234 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
$164.9K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$161.8K $50.03/SF
− OpEx
−$48.5K −$15.01/SF
NOI
$113.3K $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%
$2,265,200
Cap Rate 7%
$1,618,000
Cap Rate 9%
$1,258,444
Alternative Uses
Best Use
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,260 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$1.41M
$1.23M – $1.65M
NOI $98,731 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$2.68M
$2.34M – $3.12M
NOI $187,443 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
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 - Two-family brick duplex in R3-2 zoning with balcony, unfinished basement, and garage parking; delivered vacant.
Where is this duplex located?
The property is located at 74 73rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Solid brick two‑family duplex with balcony; 22x62 building size on a 22x100 lot; 3,234 SF property size
