Two-Family Brick
For Sale
$800,000
8811 Bedell Lane, Brooklyn, NY 11236
MULTI_FAMILY - Brooklyn, NY
Property Size1,680 SF
Lot Size0.00 Acres
Price / SF$476.19
Days on Market167
Property Features for 8811 Bedell Lane
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Canarsie
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Basement
Finished
Subdivision
Canarsie
Standard status
Active
Size
1,680 SF
Lot size
0.00 Acres
Building Details
Year built
1920
Floors in Building
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Ranch
Listing Agency:
Master Plan Real Estate Corp.
(718) 252-6700
Listed By:
Turgot Solages
(718) 252-6700
Added: Feb 27
Changed: Aug 3
Last Checked: Aug 13 at 6:06AM
MLS# 499147
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 semidetached brick two-family duplex features a ranch-style design with hardwood flooring and a flat roof. The property includes a finished basement and provides a functional room layout across two units, including bedrooms and two bathrooms. The first-floor unit is currently occupied, while the second-floor unit is completely empty.
Built in 1920, the home sits on a 0.0025-acre lot. Current rents are described as $1,500 for the first-floor unit, and the second-floor unit (2BR) is empty.
The property is located at 8811 Bedell Lane in Brooklyn, NY 11236 and is described as being near many everyday needs, with accessibility and transportation noted in the remarks.
Built in 1920, the home sits on a 0.0025-acre lot. Current rents are described as $1,500 for the first-floor unit, and the second-floor unit (2BR) is empty.
The property is located at 8811 Bedell Lane in Brooklyn, NY 11236 and is described as being near many everyday needs, with accessibility and transportation noted in the remarks.
Key Highlights
- Two‑family semidetached brick duplex with finished basement
- Hardwood floors and flat roof
- First‑floor unit occupied; second‑floor unit completely empty
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
$58,836
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
7.35%
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%
$1,176,720
$1.2M
Cap Rate 7%
$840,514
$840.5K
Cap Rate 9%
$653,733
$653.7K
Market Conditions
NOI Build-Up for 1,680 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
$85.7K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$84.1K $50.03/SF
− OpEx
−$25.2K −$15.01/SF
NOI
$58.8K $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%
$1,176,720
Cap Rate 7%
$840,514
Cap Rate 9%
$653,733
Alternative Uses
Best Use
Multifamily LT 5
$840.5K
$735.5K – $980.6K
NOI $58,836 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$732.7K
$641.1K – $854.8K
NOI $51,289 @ 7.0% cap · market cap 6.41%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,363
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semidetached brick duplex with hardwood floors and a finished basement, featuring one occupied first-floor unit and a vacant second-floor unit.
Where is this duplex located?
The property is located at 8811 Bedell Lane Brooklyn, NY.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Two‑family semidetached brick duplex with finished basement; Hardwood floors and flat roof; First‑floor unit occupied; second‑floor unit completely empty
