Spacious Two-Family Home,
For Sale
$970,000
842 Belmont Avenue, Brooklyn, NY 11208
Two-family home in East New York with rental potential.
Property Size1,616 SF
Days on Market200
Property Features for 842 Belmont Avenue
General Information
Standard status
Active
Size
1,616 SF
Property subtype
Multi Family Home
Building Details
Building Size
1,616 SF
Year Built
1899
Stories
2
Listing Agency:
Century 21 Achievers
Listed By:
Tia Clarke
(718) 758-0600
Source:
Michaelfraulo
Added: Feb 21
Changed: Sep 8
Last Checked: Sep 8 at 8:26AM
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 Century 21 Achievers
Investment Insights
Based on property information with market context.
Located in East New York, this two-family home at 842 Belmont Avenue offers an opportunity for homeowners and investors seeking rental potential in Brooklyn. The property features a layout with a three-bedroom, one-bathroom apartment on the top floor, enhanced by a skylight and hardwood floors. The first floor features a two-bedroom, one-bathroom apartment with a layout that is ideal for tenants or extended family. This level also showcases an enclosed fireplace. The home includes a finished basement with one bedroom and one bathroom, providing flexible space that can be used as additional living quarters, a recreation area, or guest accommodations with separate entrance. Inside the home you will find granite countertops, stainless steel appliances, and hardwood flooring. A washer and dryer add convenience. The outdoor space includes a paved backyard. Located near transportation: Train L(Sutter Ave), Train 2,3 (Saratoga Ave), Bus Line B12, B14, B20, B60. Nearby Schools: East New York Middle School of Excellence, PS 345 and Ps.
Key Highlights
- Two‑family home in a growing neighborhood, offering strong rental potential or multi‑generational living.
- Top‑floor apartment features three bedrooms, one bathroom, hardwood floors, and a skylight for abundant natural light.
- Finished basement with a separate entrance, one bedroom, and one bathroom, providing flexible living space.
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
$41,483
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
4.28%
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%
$829,660
$829.7K
Cap Rate 7%
$592,614
$592.6K
Cap Rate 9%
$460,922
$460.9K
Market Conditions
NOI Build-Up for 1,616 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
$62.1K $38.40/SF
− Vacancy
−$2.8K −$1.73/SF
EGI
$59.3K $36.67/SF
− OpEx
−$17.8K −$11.00/SF
NOI
$41.5K $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%
$829,660
Cap Rate 7%
$592,614
Cap Rate 9%
$460,922
Alternative Uses
Best Use
Multifamily LT 5
$592.6K
$518.5K – $691.4K
NOI $41,483 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$527.7K
$461.7K – $615.6K
NOI $36,937 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$988.8K
$865.2K – $1.15M
NOI $69,215 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,988
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
Check the figures for this property
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 - Two-family home in East New York with rental potential.
Where is this duplex located?
The property is located at 842 Belmont Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two‑family home in a growing neighborhood, offering strong rental potential or multi‑generational living.; Top‑floor apartment features three bedrooms, one bathroom, hardwood floors, and a skylight for abundant natural light.; Finished basement with a separate entrance, one bedroom, and one bathroom, providing flexible living space.
