Semi-Detached Two-Family
For Sale
$1,475,000
809 Friel Place, Brooklyn, NY 11218
MULTI_FAMILY - Brooklyn, NY
Property Size1,936 SF
Lot Size0.04 Acres
Price / SF$761.88
Days on Market69
Property Features for 809 Friel Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Stove
Basement
Full, Finished
Subdivision
Flatbush
Standard status
Active
Size
1,936 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6745
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Susana Chen Chong
(917) 708-9966
Added: Jun 9
Changed: Aug 9
Last Checked: Aug 16 at 3:06PM
MLS# 502136
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.
809 Friel Place is a semi-detached two-family duplex constructed with brick and a flat roof. The home offers a finished basement with a separate entrance and includes a stove, with tile and hardwood flooring through the interior. The layout provides 5 bedrooms and 2 full bathrooms across the two-family configuration, plus the convenience of an additional lower-level entry that can support separate use.
The property sits on a 0.0367-acre lot and has 1,936 square feet of property size. It was built in 1901 and is zoned R5.
This duplex format can appeal to buyers seeking flexible living arrangements within a two-family structure, with the finished basement and separate entrance adding practical options for day-to-day use.
The property sits on a 0.0367-acre lot and has 1,936 square feet of property size. It was built in 1901 and is zoned R5.
This duplex format can appeal to buyers seeking flexible living arrangements within a two-family structure, with the finished basement and separate entrance adding practical options for day-to-day use.
Key Highlights
- Semi‑detached two‑family duplex with finished basement and separate entrance
- 5 bedrooms and 2 full bathrooms
- Brick construction with flat roof
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
$67,802
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
4.60%
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%
$1,356,040
$1.4M
Cap Rate 7%
$968,600
$968.6K
Cap Rate 9%
$753,356
$753.4K
Market Conditions
NOI Build-Up for 1,936 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
$98.7K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.9K $50.03/SF
− OpEx
−$29.1K −$15.01/SF
NOI
$67.8K $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%
$1,356,040
Cap Rate 7%
$968,600
Cap Rate 9%
$753,356
Alternative Uses
Best Use
Multifamily LT 5
$968.6K
$847.5K – $1.13M
NOI $67,802 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$844.3K
$738.8K – $985.1K
NOI $59,104 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,211 @ 7.0% cap · market cap 7.61%
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
3,557
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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 two-family duplex with a finished basement and separate entrance, built in 1901, zoned R5.
Where is this duplex located?
The property is located at 809 Friel Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Semi‑detached two‑family duplex with finished basement and separate entrance; 5 bedrooms and 2 full bathrooms; Brick construction with flat roof
