Renovated Two-Family
For Sale
$1,990,000
762 50th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property Size2,140 SF
Lot Size0.05 Acres
Price / SF$929.91
Days on Market53
Property Features for 762 50th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bedrooms
7
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bedroom 6
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sunset Park
Standard status
Active
Size
2,140 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5514
Amenities
private backyard
split-system A/C
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Ping Chen
(718) 612-3088
Added: Jul 8
Changed: Aug 13
Last Checked: Aug 29 at 12:06PM
MLS# 502855
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.
Renovated two-family duplex at 762 50th Street in Brooklyn, NY 11220, built in 1935 on a 0.046-acre lot totaling 2,140 SF. The home offers seven bedrooms across two residential units. The first-floor apartment features three bedrooms, a kitchen, a full bathroom, and a living room with a dine-in area, renovated approximately two years ago. The second-floor apartment includes four bedrooms, a kitchen, a spacious living area, and a dine-in room plus two bathrooms.
A beautifully renovated full basement includes separate entrances, a family room, and an additional 3/4 bathroom, providing flexible space for recreation, a home office, and storage. The property is equipped with split-system A/C units throughout, with separate heating and hot water systems, plus two gas meters and three electric meters. A private backyard supports outdoor entertaining and everyday relaxation.
Set within the Sunset Park 8th Avenue corridor, the property is positioned near the 8th Avenue business district. Commuting is supported by nearby D and N subway lines and B11 and B70 bus routes.
A beautifully renovated full basement includes separate entrances, a family room, and an additional 3/4 bathroom, providing flexible space for recreation, a home office, and storage. The property is equipped with split-system A/C units throughout, with separate heating and hot water systems, plus two gas meters and three electric meters. A private backyard supports outdoor entertaining and everyday relaxation.
Set within the Sunset Park 8th Avenue corridor, the property is positioned near the 8th Avenue business district. Commuting is supported by nearby D and N subway lines and B11 and B70 bus routes.
Key Highlights
- 0.046‑acre lot with 2,140 SF total in a renovated two‑family home
- Seven bedrooms across two residential units
- First‑floor unit renovated about two years ago
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
$63,718
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
3.20%
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%
$1,274,360
$1.3M
Cap Rate 7%
$910,257
$910.3K
Cap Rate 9%
$707,978
$708.0K
Market Conditions
NOI Build-Up for 2,140 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
$95.0K $44.40/SF
− Vacancy
−$4.0K −$1.86/SF
EGI
$91.0K $42.54/SF
− OpEx
−$27.3K −$12.76/SF
NOI
$63.7K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /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%
$1,274,360
Cap Rate 7%
$910,257
Cap Rate 9%
$707,978
Alternative Uses
Best Use
Multifamily LT 5
$910.3K
$796.5K – $1.06M
NOI $63,718 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$815.2K
$713.3K – $951.1K
NOI $57,067 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.39M
$1.21M – $1.62M
NOI $97,111 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
7,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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 - Renovated two-family duplex in R6B zoning with split-system A/C, seven bedrooms, and a private backyard.
Where is this duplex located?
The property is located at 762 50th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: 0.046‑acre lot with 2,140 SF total in a renovated two‑family home; Seven bedrooms across two residential units; First‑floor unit renovated about two years ago
