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 Market9
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: Sep 5
Last Checked: Sep 8 at 5:53AM
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
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 = 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
$116,097
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
6.64%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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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
