Renovated Two-Residence
76 Rockaway Avenue, Brooklyn, NY 11233
For Sale
$1,200,000
Two updated residences combine a larger duplex with a separate upper apartment and rear outdoor space.
Property Size1,120 SF
Lot Size0.03 Acres
Price / SF$1,071
Days on Market60
Property Features for 76 Rockaway Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Gross Income
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit laundry
rear outdoor space
dishwasher
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
Year Built
Units
Construction
Listing Agency:
NEXTHOME FINEST FIRST
Listed By:
Lane Clark · License NY #10491212843
(631) 944-8404
Source:
Adamstreetrealty
Added: Sep 12
Changed: Nov 3
Last Checked: Nov 9 at 2:14AM
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 NEXTHOME FINEST FIRST
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex property contains two distinct residences: a four-bedroom, two-bath duplex and a separate upper apartment with two bedrooms and one bath. Both have open living and dining areas, updated kitchens with stone countertops, stainless-steel appliances and dishwashers, renovated bathrooms, recessed lighting, ductless heating and cooling, and in-unit laundry. Exposed brick and rear outdoor space are additional features. The building dates to 1899 and contains approximately 1,120 gross square feet on a 16-by-71.67-foot lot. The property is zoned R6.
Subway service includes the J and Z trains at Chauncey Street and the A and C trains at Rockaway Avenue. Broadway Junction provides additional subway and LIRR connections. Shopping, dining, and everyday neighborhood services are nearby.
Subway service includes the J and Z trains at Chauncey Street and the A and C trains at Rockaway Avenue. Broadway Junction provides additional subway and LIRR connections. Shopping, dining, and everyday neighborhood services are nearby.
Key Highlights
- Two residences: a four‑bedroom, two‑bath duplex and a separate two‑bedroom, one‑bath apartment
- Approximately 1,120 gross building square feet on a 16‑by‑71.67‑foot lot
- R6 zoning; building constructed in 1899
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,224
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,480
$784.5K
Cap Rate 7%
$560,343
$560.3K
Cap Rate 9%
$435,822
$435.8K
Market Conditions
NOI Build-Up for 1,120 SF
Gross rent
$57.1K $51.00/SF
− Vacancy
−$1.1K −$0.97/SF
EGI
$56.0K $50.03/SF
− OpEx
−$16.8K −$15.01/SF
NOI
$39.2K $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%
$784,480
Cap Rate 7%
$560,343
Cap Rate 9%
$435,822
Alternative Uses
Best Use
Multifamily LT 5
$560.3K
$490.3K – $653.7K
NOI $39,224 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$488.5K
$427.4K – $569.9K
NOI $34,192 @ 7.0% cap · market cap 2.85%
Theoretical Best
Specialty Retail
$927.4K
$811.4K – $1.08M
NOI $64,915 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,963
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated residences combine a larger duplex with a separate upper apartment and rear outdoor space.
Where is this duplex located?
The property is located at 76 Rockaway Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Two residences: a four‑bedroom, two‑bath duplex and a separate two‑bedroom, one‑bath apartment; Approximately 1,120 gross building square feet on a 16‑by‑71.67‑foot lot; R6 zoning; building constructed in 1899
