Attached Two-Family Brick
For Sale
$1,350,000
7509 17th Ave, Brooklyn, NY 11214
Two attached units with 3 bedrooms and 1 bathroom each, plus a finished basement and private driveway parking.
Property Size1,980 SF
Lot Size0.04 Acres
Days on Market58
Property Features for 7509 17th Ave
General Information
Standard status
Active
Size
1,980 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,320
Building Details
Building Size
1,980 SF
Year Built
1910
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Professionals
(917) 708-9966
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jul 1
Changed: Aug 13
Last Checked: Aug 26 at 8:19AM
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 RE/MAX Real Estate Professionals
Investment Insights
Based on property information with market context.
This attached brick two-family home is built with a full finished basement and offers two separate residences. Each unit is laid out with three bedrooms and one bathroom, providing a straightforward configuration for owner-occupants or rental use. A private driveway supports convenient on-site parking, adding practicality for everyday access.
The property is located in Bensonhurst, with nearby retail, restaurants, schools, parks, and public transportation. Walkability is supported by a Walk Score of 96, and transit access is identified with a Transit Score of 84.
For tenants, buyers, and operators, the property’s two 3-bedroom/1-bath units and finished basement create flexible living and space options within a single attached structure. The combination of private driveway parking and a functional unit layout is well suited to households looking for independent accommodations while keeping day-to-day logistics manageable. This home may also appeal to an owner-occupant who wants one unit for personal use while maintaining the option to rent the other unit.
The property is located in Bensonhurst, with nearby retail, restaurants, schools, parks, and public transportation. Walkability is supported by a Walk Score of 96, and transit access is identified with a Transit Score of 84.
For tenants, buyers, and operators, the property’s two 3-bedroom/1-bath units and finished basement create flexible living and space options within a single attached structure. The combination of private driveway parking and a functional unit layout is well suited to households looking for independent accommodations while keeping day-to-day logistics manageable. This home may also appeal to an owner-occupant who wants one unit for personal use while maintaining the option to rent the other unit.
Key Highlights
- Attached brick 2‑family home built in 1910 on an 18×100 lot
- Each unit features 3 bedrooms and 1 bathroom, for a total of two attached units
- 18×40 building size with a functional layout throughout
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
$54,004
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
4.00%
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%
$1,080,080
$1.1M
Cap Rate 7%
$771,486
$771.5K
Cap Rate 9%
$600,044
$600.0K
Market Conditions
NOI Build-Up for 1,980 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
$80.8K $40.80/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$77.1K $38.96/SF
− OpEx
−$23.1K −$11.69/SF
NOI
$54.0K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /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%
$1,080,080
Cap Rate 7%
$771,486
Cap Rate 9%
$600,044
Alternative Uses
Best Use
Multifamily LT 5
$771.5K
$675.1K – $900.1K
NOI $54,004 @ 7.0% cap · market cap 4.00%
Second Best
Apartment 5plus
$691.4K
$605.0K – $806.7K
NOI $48,400 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,852 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 attached units with 3 bedrooms and 1 bathroom each, plus a finished basement and private driveway parking.
Where is this duplex located?
The property is located at 7509 17th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Attached brick 2‑family home built in 1910 on an 18×100 lot; Each unit features 3 bedrooms and 1 bathroom, for a total of two attached units; 18×40 building size with a functional layout throughout
