Building Details

Year built 1925

Floors in Building 2

Number of units 2

Flooring type Hardwood

Building materials Brick

Roof type Flat

Architectural style Colonial

Listing Agency: RE/MAX Edge · RE/MAX International c***@remaxedgeny.com Show Phone

Listed By: Ithamar Benshabat · License #10401294564 Show Phone

Added: Oct 5 Last Checked: Oct 5 at 5:06PM

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MLS# 504970

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.

This semi-detached brick duplex contains two apartments, arranged as a three-bedroom unit over a two-bedroom unit. Both have high ceilings, updated kitchens and bathrooms, and the residence includes hardwood flooring and window air-conditioning. A finished basement adds a room and bathroom, with a separate rear entrance opening toward the backyard. Deck space is also included. The property was built in 1925 and underwent a full renovation approximately 10 years ago. New Navien tankless water-heating systems have been installed, and the residence is offered vacant at closing.

Key Highlights

• Two‑unit layout: three bedrooms over two bedrooms
• Finished basement with an additional room and bathroom
• Separate rear entrance from the basement to the backyard

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$63,039

Cap Rate

7.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,260,780 $1.3M

Cap Rate 7%

$900,557 $900.6K

Cap Rate 9%

$700,433 $700.4K

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$91.8K $51.00/SF

− Vacancy

−$1.7K −$0.97/SF

EGI

$90.1K $50.03/SF

− OpEx

−$27.0K −$15.01/SF

NOI

$63.0K $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 Rate 5%

$1,260,780

Cap Rate 7%

$900,557

Cap Rate 9%

$700,433

Alternative Uses

Best Use

Multifamily LT 5

$900.6K

$788.0K – $1.05M (±1% cap)

NOI $63,039 @ 7.0% cap · market cap 7.01%

Second Best

Apartment 5plus

$785.0K

$686.9K – $915.9K (±1% cap)

NOI $54,952 @ 7.0% cap · market cap 6.11%

Theoretical Best

Specialty Retail

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,328 @ 7.0% cap · market cap 11.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

2,175

Businesses Nearby

Explore this area Business Placement

Demographics for 11236, NY

100,687

Population

37,002

Households

2.7

Avg Household Size

40

Median Age

28%

College-Educated

88%

High-School Grad

3.6 sq mi

ZIP Area

27,969

Density / Sq Mi

$82,813

Median Household Income

$50,244

Median Earnings

$1,637

Median Rent

$710,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two apartments offer a three-bedroom and two-bedroom configuration, with high ceilings and refreshed kitchens and bathrooms.

Where is this duplex located?

The property is located at 8514 Avenue J Brooklyn, NY.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Two‑unit layout: three bedrooms over two bedrooms; Finished basement with an additional room and bathroom; Separate rear entrance from the basement to the backyard