Two-Family Home in Dyker
For Sale
Contact for pricing
822 72nd St, Brooklyn, NY 11228
Two-family home in prime location, ideal for investment.
Property Size1,720 SF
Lot Size0.05 Acres
Price / SF$784.88
Days on Market153
Property Features for 822 72nd St
General Information
Standard status
Active
Size
1,720 SF
Lot size
0.05 Acres
Property subtype
Multifamily
Zoning
R4-1
Building Details
Year Built
1899
Stories
2
Listing Agency:
ProBase Real Estate
(718) 210-2727
Listed By:
Shaojie Liang · License #NY
Source:
Crexi
Added: Mar 14
Changed: Aug 8
Last Checked: Aug 8 at 2:39PM
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 ProBase Real Estate
Investment Insights
Based on property information with market context.
This semi-detached two-family home is situated in the desirable Dyker Heights neighborhood. The building, measuring 18 by 51 feet, sits on a 20 by 100 foot lot. The first floor features a two-bedroom apartment, while the second floor contains a three-bedroom apartment. A full basement with a front entrance, open layout, and boiler area is included. The property features separate heat and hot water systems, along with two gas meters and two electrical meters. The annual property tax is $6,784. The property is in good condition and is conveniently located near 8th Avenue, providing easy access to the N train. JHS 259 William McKinley is among the nearby schools. The property is suitable for owner occupancy, investment, or rental income in a sought-after Brooklyn neighborhood. The property size is 1720 square feet.
Key Highlights
- Prime Dyker Heights location near 8th Avenue and the N train.
- Two‑family home with a two‑bedroom and a three‑bedroom apartment.
- Separate heat, hot water, gas, and electric meters for each unit.
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
$60,237
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
4.46%
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%
$1,204,740
$1.2M
Cap Rate 7%
$860,529
$860.5K
Cap Rate 9%
$669,300
$669.3K
Market Conditions
NOI Build-Up for 1,720 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
$87.7K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$86.1K $50.03/SF
− OpEx
−$25.8K −$15.01/SF
NOI
$60.2K $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%
$1,204,740
Cap Rate 7%
$860,529
Cap Rate 9%
$669,300
Alternative Uses
Best Use
Multifamily LT 5
$860.5K
$753.0K – $1.00M
NOI $60,237 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$750.1K
$656.4K – $875.2K
NOI $52,510 @ 7.0% cap · market cap 3.89%
Theoretical Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,691 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,282
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
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 - Two-family home in prime location, ideal for investment.
Where is this duplex located?
The property is located at 822 72nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Prime Dyker Heights location near 8th Avenue and the N train.; Two‑family home with a two‑bedroom and a three‑bedroom apartment.; Separate heat, hot water, gas, and electric meters for each unit.
