Two-Family Duplex with Finished
For Sale
$1,888,000
83 Cooper St, Brooklyn, NY 11207
Residential Income, Brooklyn, NY
Property Size2,229 SF
Lot Size0.04 Acres
Price / SF$847.02
Days on Market12
Property Features for 83 Cooper St
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
2
Half bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 3
Security features
Security System
Interior features
Master Downstairs
Subdivision
Bushwick
Standard status
Active
Size
2,229 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
1996
Building Details
Year built
1899
Floors in Building
3
Flooring type
Tile, Hardwood
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag · License #10311207532
855-305-DEAL
Added: Sep 10
Changed: Sep 20
Last Checked: Sep 21 at 10:06PM
MLS# 11974108
Copyright © 2026 My State MLS. 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.
Located at 83 Cooper Street in Brooklyn, this two-family duplex is arranged with approximately 11 total rooms and includes four bedrooms and four bathrooms. The residence also features a full finished basement, hardwood and tile flooring, and a master bedroom on the lower level. Built in 1899, the property occupies a 0.0379-acre lot and contains 2,229 square feet.
The home is positioned in Bushwick near shopping, restaurants, schools, and parks. Transportation access includes nearby J and Z subway service as well as the L line, connecting the property with surrounding Brooklyn destinations.
The home is positioned in Bushwick near shopping, restaurants, schools, and parks. Transportation access includes nearby J and Z subway service as well as the L line, connecting the property with surrounding Brooklyn destinations.
Key Highlights
- Two‑family duplex with approximately 11 total rooms
- 2,229 square feet on a 0.0379‑acre lot
- Full finished basement
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
$78,063
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
4.13%
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%
$1,561,260
$1.6M
Cap Rate 7%
$1,115,186
$1.1M
Cap Rate 9%
$867,367
$867.4K
Market Conditions
NOI Build-Up for 2,229 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
$113.7K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$111.5K $50.03/SF
− OpEx
−$33.5K −$15.01/SF
NOI
$78.1K $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%
$1,561,260
Cap Rate 7%
$1,115,186
Cap Rate 9%
$867,367
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$975.8K – $1.30M
NOI $78,063 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$972.1K
$850.6K – $1.13M
NOI $68,049 @ 7.0% cap · market cap 3.60%
Theoretical Best
Specialty Retail
$1.85M
$1.61M – $2.15M
NOI $129,193 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Hardwood and tile flooring complement four bedrooms and four bathrooms.
Where is this duplex located?
The property is located at 83 Cooper St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,000.
What are key features of this property?
This property features: Two‑family duplex with approximately 11 total rooms; 2,229 square feet on a 0.0379‑acre lot; Full finished basement
