Brick Duplex with
For Sale
$1,280,000
7620 11th Avenue, Brooklyn, NY 11228
Residential, Duplex, Brooklyn, NY
Property Size1,344 SF
Lot Size0.03 Acres
Price / SF$952.38
Days on Market66
Property Features for 7620 11th Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 1
Parking features
Garage
Interior features
A/C Unit
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
1,344 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
8484
Amenities
laundry room
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood
Roof type
Rubber
Architectural style
Other
Listing Agency:
E House Realty & Mgt. Inc.
(718) 680-2776
Listed By:
PeiJun (Kingsley)Chen
(718) 551-4795
Added: Jul 28
Changed: Sep 15
Last Checked: Oct 1 at 7:06PM
MLS# 503364
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.
This 1,344-square-foot brick duplex was built in 1930 and occupies a 0.0264-acre lot in Brooklyn’s Dyker Heights area. The residence includes three bedrooms, two bathrooms, hardwood flooring, a living and dining area, an eat-in kitchen, and a semi-finished basement with storage, laundry facilities, and its own front entrance. A community driveway provides access to the basement and garage.
Property improvements completed 6 years ago include an HVAC system, tankless water heater, boiler, dishwasher, flooring, full bathroom, and automatic garage door. Additional features include a rubber roof, A/C unit, and garage parking. Furniture and appliances remain with the property. The site is zoned R4-1 and is near the B4 bus route at Bay Ridge Parkway, with transfer access to the D subway line, shopping, and local schools.
Property improvements completed 6 years ago include an HVAC system, tankless water heater, boiler, dishwasher, flooring, full bathroom, and automatic garage door. Additional features include a rubber roof, A/C unit, and garage parking. Furniture and appliances remain with the property. The site is zoned R4-1 and is near the B4 bus route at Bay Ridge Parkway, with transfer access to the D subway line, shopping, and local schools.
Key Highlights
- 1,344 SF duplex on a 0.0264‑acre lot
- Three bedrooms and two bathrooms
- Semi‑finished basement with separate front entrance, storage, and laundry room
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
$47,069
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
3.68%
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%
$941,380
$941.4K
Cap Rate 7%
$672,414
$672.4K
Cap Rate 9%
$522,989
$523.0K
Market Conditions
NOI Build-Up for 1,344 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
$68.5K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.2K $50.03/SF
− OpEx
−$20.2K −$15.01/SF
NOI
$47.1K $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 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%
$941,380
Cap Rate 7%
$672,414
Cap Rate 9%
$522,989
Alternative Uses
Best Use
Multifamily LT 5
$672.4K
$588.4K – $784.5K
NOI $47,069 @ 7.0% cap · market cap 3.68%
Second Best
Apartment 5plus
$586.2K
$512.9K – $683.9K
NOI $41,031 @ 7.0% cap · market cap 3.21%
Theoretical Best
Specialty Retail
$1.11M
$973.7K – $1.30M
NOI $77,898 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,925
Businesses Nearby
Explore this area
Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated brick duplex with a finished basement, separate entry, garage, and residential R4-1 zoning.
Where is this duplex located?
The property is located at 7620 11th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: 1,344 SF duplex on a 0.0264‑acre lot; Three bedrooms and two bathrooms; Semi‑finished basement with separate front entrance, storage, and laundry room
