Brick Duplex with Front
8674 16th Avenue, Brooklyn, NY 11214
For Sale
$1,480,000
Residential, Brooklyn, NY
Property Size2,400 SF
Lot Size0.03 Acres
Price / SF$616.67
Days on Market201
Property Features for 8674 16th Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
XiaoMei(May) He · License NY #10401313430
(718) 612-3088
Added: Apr 24
Changed: Oct 29
Last Checked: Nov 10 at 8:06PM
MLS# 500841
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.
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Investment Insights
Based on property information with market context.
This 2,400-square-foot brick duplex was built in 1960 and is arranged as a two-family property currently configured for three units. Interior details include hardwood flooring, window-unit air conditioning, and a refrigerator, while the exterior provides a porch and private front parking. The property has upgraded electrical service and a flat roof, with a 0.0349-acre lot supporting the existing residential improvements.
Located at 8674 16th Avenue in Brooklyn’s Bensonhurst area, the property is near shopping along 86th Street, restaurants, and public transportation. It is zoned R5 and will be delivered vacant at closing.
Located at 8674 16th Avenue in Brooklyn’s Bensonhurst area, the property is near shopping along 86th Street, restaurants, and public transportation. It is zoned R5 and will be delivered vacant at closing.
Key Highlights
- 2,400‑square‑foot brick duplex built in 1960
- Two‑family property currently configured for three units
- Private front parking and porch
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,460
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,200
$1.3M
Cap Rate 7%
$935,143
$935.1K
Cap Rate 9%
$727,333
$727.3K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$97.9K $40.80/SF
− Vacancy
−$4.4K −$1.84/SF
EGI
$93.5K $38.96/SF
− OpEx
−$28.1K −$11.69/SF
NOI
$65.5K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,200
Cap Rate 7%
$935,143
Cap Rate 9%
$727,333
Alternative Uses
Best Use
Multifamily LT 5
$935.1K
$818.3K – $1.09M
NOI $65,460 @ 7.0% cap · market cap 4.42%
Second Best
Apartment 5plus
$838.1K
$733.3K – $977.8K
NOI $58,667 @ 7.0% cap · market cap 3.96%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,003 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,677
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R5-zoned residential property with upgraded electrical service, porch space, and private parking at the front.
Where is this duplex located?
The property is located at 8674 16th Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: 2,400‑square‑foot brick duplex built in 1960; Two‑family property currently configured for three units; Private front parking and porch
