Renovated Two-Family Duplex with Finished
For Sale
$849,990
791 Logan Street, Brooklyn, NY 11208
Semi-detached residential property with updated interiors, two kitchens, and independently accessed lower-level space.
Property Size1,680 SF
Days on Market24
Property Features for 791 Logan Street
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,865
Building Details
Building Size
1,680 SF
Year Built
1910
Buildings
1
Units
2
Listing Agency:
Winzone Realty Inc
(718) 710-8837
Listed By:
Mohammed Aziz
(718) 710-8837
Source:
Cohenandcohenrealty
Added: Jul 21
Changed: Aug 10
Last Checked: Aug 13 at 12:37PM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This semi-detached duplex is configured as a two-family residence, with each of the two main floors offering 2 bedrooms, a full bathroom, and a kitchen. The lower level is fully finished and has a separate outside entrance, adding adaptable space for storage, recreation, a home office, or extended living. Renovations include hardwood flooring, appliances, windows, doors, a roof, and a boiler. Large windows bring natural light into the interior, while the 1910-built property combines its original construction date with extensive updates.
Located at 791 Logan Street in Brooklyn, NY 11208, the property offers access to New York City public transportation, major roadways, shopping centers, supermarkets, restaurants, schools, and houses of worship.
Located at 791 Logan Street in Brooklyn, NY 11208, the property offers access to New York City public transportation, major roadways, shopping centers, supermarkets, restaurants, schools, and houses of worship.
Key Highlights
- Two‑family duplex with 2 bedrooms, 1 full bathroom, and 1 kitchen on each main floor
- Fully finished basement with a separate outside entrance
- Updated hardwood flooring, appliances, windows, doors, roof, and boiler
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
$43,126
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
5.07%
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%
$862,520
$862.5K
Cap Rate 7%
$616,086
$616.1K
Cap Rate 9%
$479,178
$479.2K
Market Conditions
NOI Build-Up for 1,680 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
$64.5K $38.40/SF
− Vacancy
−$2.9K −$1.73/SF
EGI
$61.6K $36.67/SF
− OpEx
−$18.5K −$11.00/SF
NOI
$43.1K $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%
$862,520
Cap Rate 7%
$616,086
Cap Rate 9%
$479,178
Alternative Uses
Best Use
Multifamily LT 5
$616.1K
$539.1K – $718.8K
NOI $43,126 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.03M
$899.5K – $1.20M
NOI $71,957 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,721
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 - Semi-detached residential property with updated interiors, two kitchens, and independently accessed lower-level space.
Where is this duplex located?
The property is located at 791 Logan Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,990.
What are key features of this property?
This property features: Two‑family duplex with 2 bedrooms, 1 full bathroom, and 1 kitchen on each main floor; Fully finished basement with a separate outside entrance; Updated hardwood flooring, appliances, windows, doors, roof, and boiler
