Legal Two-Family Home with
For Sale
Contact for pricing
789 autumn avenue, Brooklyn, NY 11208
Updated two-family residence with private parking, split AC/heat units, and fully finished basement in Brooklyn.
Property Size2,233 SF
Price / SF$433.95
Days on Market63
Property Features for 789 autumn avenue
General Information
Standard status
Active
Size
2,233 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
2
Listing Agency:
ICON REALTY HOMES LLC
(516) 983-6435
Listed By:
David Badalov
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 8 at 7:58AM
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 ICON REALTY HOMES LLC
Investment Insights
Based on property information with market context.
This legal two-family home has been updated and is designed for flexible use. It features brand new split AC/heat units throughout the house. The first-floor layout offers two bedrooms, a full bathroom, a large living room, and a kitchen. The second floor provides three bedrooms, a full bathroom, a large living room, and a kitchen. The fully finished basement includes one bedroom with an open layout concept, high ceilings, and separate access, adding an additional level of privacy and functionality. Outside, the property includes a nice-sized backyard that can be accessed from the side.
Located in Brooklyn’s East New York area, the home includes private parking for added convenience. Solar is installed and paid off, which may be a consideration for buyers evaluating ongoing utility expenses. The property will be delivered vacant, allowing a new owner to move forward with plans without tenant coordination.
For buyers or occupants looking for a multi-unit setup, this residence combines multiple self-contained living areas with a finished basement and separate access. The updated interior and new split heating and cooling systems support comfortable day-to-day living, while the private parking and backyard add practical value for both owner-occupants and investors.
Located in Brooklyn’s East New York area, the home includes private parking for added convenience. Solar is installed and paid off, which may be a consideration for buyers evaluating ongoing utility expenses. The property will be delivered vacant, allowing a new owner to move forward with plans without tenant coordination.
For buyers or occupants looking for a multi-unit setup, this residence combines multiple self-contained living areas with a finished basement and separate access. The updated interior and new split heating and cooling systems support comfortable day-to-day living, while the private parking and backyard add practical value for both owner-occupants and investors.
Key Highlights
- Legal two‑family home in Brooklyn with private parking
- Updated interior with brand new split AC/heat units throughout
- First floor: 2 bedrooms, full bathroom, large living room, and kitchen
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
$57,322
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
5.92%
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%
$1,146,440
$1.1M
Cap Rate 7%
$818,886
$818.9K
Cap Rate 9%
$636,911
$636.9K
Market Conditions
NOI Build-Up for 2,233 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
$85.7K $38.40/SF
− Vacancy
−$3.9K −$1.73/SF
EGI
$81.9K $36.67/SF
− OpEx
−$24.6K −$11.00/SF
NOI
$57.3K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /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%
$1,146,440
Cap Rate 7%
$818,886
Cap Rate 9%
$636,911
Alternative Uses
Best Use
Multifamily LT 5
$818.9K
$716.5K – $955.4K
NOI $57,322 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$729.1K
$638.0K – $850.7K
NOI $51,040 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,642 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,690
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - Updated two-family residence with private parking, split AC/heat units, and fully finished basement in Brooklyn.
Where is this duplex located?
The property is located at 789 autumn avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $969,000.
What are key features of this property?
This property features: Legal two‑family home in Brooklyn with private parking; Updated interior with brand new split AC/heat units throughout; First floor: 2 bedrooms, full bathroom, large living room, and kitchen
