Two-Family Home with Finished
For Sale
$975,000
866 East 94th Street, Brooklyn, NY 11236
Two-family home featuring a finished basement, private drive, and backyard.
Property Size2,028 SF
Price / SF$480.77
Days on Market173
Property Features for 866 East 94th Street
General Information
Standard status
Active
Size
2,028 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,662
Building Details
Building Size
2,028 SF
Year Built
2005
Listing Agency:
Coldwell Banker LaBarca
Listed By:
Michael McGuire
(718) 258-1222
Source:
Penrealty
Added: Apr 28
Changed: Oct 17
Last Checked: Oct 16 at 5:54PM
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 Coldwell Banker LaBarca
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Investment Insights
Based on property information with market context.
This two-family home features a three-bedroom unit over a two-bedroom unit, along with a finished basement, private driveway, and backyard. The property is located in a very walkable area with excellent transit options and is bikeable.
Key Highlights
- Excellent Transit Score (84) makes getting around a breeze.
- Two‑Family Home: Features a spacious 3 bedroom unit over a comfortable 2 bedroom layout.
- Finished Basement offers additional living or storage space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,024
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,420,480
$1.4M
Cap Rate 7%
$1,014,629
$1.0M
Cap Rate 9%
$789,156
$789.2K
Market Conditions
NOI Build-Up for 2,028 SF
Gross rent
$103.4K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$101.5K $50.03/SF
− OpEx
−$30.4K −$15.01/SF
NOI
$71.0K $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%
$1,420,480
Cap Rate 7%
$1,014,629
Cap Rate 9%
$789,156
Alternative Uses
Best Use
Multifamily LT 5
$1.01M
$887.8K – $1.18M
NOI $71,024 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$884.5K
$773.9K – $1.03M
NOI $61,913 @ 7.0% cap · market cap 6.35%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,543 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,732
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
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home featuring a finished basement, private drive, and backyard.
Where is this duplex located?
The property is located at 866 East 94th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Excellent Transit Score (84) makes getting around a breeze.; Two‑Family Home: Features a spacious 3 bedroom unit over a comfortable 2 bedroom layout.; Finished Basement offers additional living or storage space.
