Two-Family Brick
For Sale
$1,599,000
74 Kermit Place, Brooklyn, NY 11218
Residential, Brooklyn, NY
Property Size2,840 SF
Lot Size0.04 Acres
Price / SF$563.03
Days on Market108
Property Features for 74 Kermit Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 1, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Flatbush
Standard status
Active
Size
2,840 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7444
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jun 30
Changed: Oct 13
Last Checked: Oct 15 at 10:06PM
MLS# 502686
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.
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Investment Insights
Based on property information with market context.
This two-family duplex is a brick residence containing approximately 2,840 square feet. The interior includes three bedrooms and two bathrooms, along with a refrigerator and stove. Built in 1910, the property has a flat roof and occupies a 0.0367-acre lot. R5B zoning is in place.
The home is located at 74 Kermit Place in Brooklyn’s Windsor Terrace area, near Prospect Park, neighborhood shops, restaurants, and F and G subway service. Its two-family configuration provides a defined residential layout within a low-density neighborhood setting.
The home is located at 74 Kermit Place in Brooklyn’s Windsor Terrace area, near Prospect Park, neighborhood shops, restaurants, and F and G subway service. Its two-family configuration provides a defined residential layout within a low-density neighborhood setting.
Key Highlights
- Two‑family brick duplex with approximately 2,840 square feet
- Three bedrooms and two bathrooms
- 0.0367‑acre lot with R5B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,462
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,989,240
$2.0M
Cap Rate 7%
$1,420,886
$1.4M
Cap Rate 9%
$1,105,133
$1.1M
Market Conditions
NOI Build-Up for 2,840 SF
Gross rent
$144.8K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$142.1K $50.03/SF
− OpEx
−$42.6K −$15.01/SF
NOI
$99.5K $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 Rate 5%
$1,989,240
Cap Rate 7%
$1,420,886
Cap Rate 9%
$1,105,133
Alternative Uses
Best Use
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,462 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,702 @ 7.0% cap · market cap 5.42%
Theoretical Best
Specialty Retail
$2.35M
$2.06M – $2.74M
NOI $164,606 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R5B-zoned residence with three bedrooms, two bathrooms, and a flat-roof design.
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 $1,599,000.
What are key features of this property?
This property features: Two‑family brick duplex with approximately 2,840 square feet; Three bedrooms and two bathrooms; 0.0367‑acre lot with R5B zoning
