Detached Two-Family
For Sale
$1,748,000
8781 14th Ave, Brooklyn, NY 11228
Four-level residence with a private drive, backyard, and recently replaced roof.
Property Size3,315 SF
Days on Market57
Property Features for 8781 14th Ave
General Information
Standard status
Active
Size
3,315 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,032
Building Details
Building Size
3,315 SF
Year Built
1930
Stories
4
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Renzhang Danny Dong · License #RD7348
(718) 612-3088
Source:
Elliman
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 3:17PM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
This detached duplex property presents four levels of residential space, including a second-floor arrangement with a living room, formal dining room, full bathroom, and large eat-in kitchen. The third level contains three bedrooms, while the attic provides additional room for office, recreation, or storage use, subject to applicable regulations.
Exterior features include a private driveway and a large backyard suitable for outdoor dining, gardening, entertaining, or recreation. A brand-new roof is a recent capital improvement. Built in 1930, the property is located at 8781 14th Ave in Brooklyn, New York. WalkScore is 92, TransitScore is 80, and BikeScore is 55.
Exterior features include a private driveway and a large backyard suitable for outdoor dining, gardening, entertaining, or recreation. A brand-new roof is a recent capital improvement. Built in 1930, the property is located at 8781 14th Ave in Brooklyn, New York. WalkScore is 92, TransitScore is 80, and BikeScore is 55.
Key Highlights
- Detached two‑family property with four levels of living space
- Second‑floor layout includes living room, formal dining room, full bathroom, and eat‑in kitchen
- Three bedrooms occupy the third floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,097
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,321,940
$2.3M
Cap Rate 7%
$1,658,529
$1.7M
Cap Rate 9%
$1,289,967
$1.3M
Market Conditions
NOI Build-Up for 3,315 SF
Gross rent
$169.1K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.9K $50.03/SF
− OpEx
−$49.8K −$15.01/SF
NOI
$116.1K $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 Rate 5%
$2,321,940
Cap Rate 7%
$1,658,529
Cap Rate 9%
$1,289,967
Alternative Uses
Best Use
Multifamily LT 5
$1.66M
$1.45M – $1.93M
NOI $116,097 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$1.45M
$1.27M – $1.69M
NOI $101,204 @ 7.0% cap · market cap 5.79%
Theoretical Best
Specialty Retail
$2.74M
$2.40M – $3.20M
NOI $192,137 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Four-level residence with a private drive, backyard, and recently replaced roof.
Where is this duplex located?
The property is located at 8781 14th Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,748,000.
What are key features of this property?
This property features: Detached two‑family property with four levels of living space; Second‑floor layout includes living room, formal dining room, full bathroom, and eat‑in kitchen; Three bedrooms occupy the third floor
