Two-Family Brick
For Sale
$1,700,000
74 Kermit Place, Brooklyn, NY 11218
Two-family configuration accommodates end-user, multigenerational, or investment use in a residential Brooklyn setting.
Property Size2,840 SF
Price / SF$598.59
Days on Market33
Property Features for 74 Kermit Place
General Information
Standard status
Active
Size
2,840 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,444
Building Details
Building Size
2,840 SF
Year Built
1910
Construction
brick
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Penrealty
Added: Jun 30
Changed: Aug 1
Last Checked: Aug 1 at 3:57AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
Built in 1910, this brick two-family property at 74 Kermit Place provides approximately 2,840 square feet of residential space. The duplex configuration offers flexibility for an owner occupant, multigenerational household, or investment strategy, as supported by the existing two-family design.
The property is located in Windsor Terrace on a tree-lined block near Prospect Park. Neighborhood shops and restaurants are nearby, along with access to the F and G trains. Its Brooklyn location combines residential surroundings with convenient connections to local parks, retail, dining, and transit.
The property is located in Windsor Terrace on a tree-lined block near Prospect Park. Neighborhood shops and restaurants are nearby, along with access to the F and G trains. Its Brooklyn location combines residential surroundings with convenient connections to local parks, retail, dining, and transit.
Key Highlights
- Two‑family brick property with duplex configuration
- Approximately 2,840 square feet of residential space
- Built in 1910
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $144.8k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $142.1k | $50.03 |
| − OpEx | −$42.6k | −$15.01 |
| NOI | $99.5k | $35.02 |
2,840 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,462 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,702 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$2.35M
$2.06M – $2.74M
NOI $164,606 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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 - Two-family configuration accommodates end-user, multigenerational, or investment use in a residential Brooklyn setting.
Where is this duplex located?
The property is located at 74 Kermit Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑family brick property with duplex configuration; Approximately 2,840 square feet of residential space; Built in 1910
