Sunset Park Two-Family Brick
For Sale
$1,388,000
Pending
914 62nd St, Brooklyn, NY 11219
Charming two-family home in desirable Sunset Park neighborhood.
Property Size2,160 SF
Lot Size0.02 Acres
Days on Market284
Property Features for 914 62nd St
General Information
Standard status
Pending
Size
2,160 SF
Lot size
0.02 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$5,116
Building Details
Building Size
2,160 SF
Year Built
1920
Stories
2
Listed By:
Christopher M. Roselli
(718) 232-1250
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 31
Last Checked: Sep 7 at 7:09AM
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 Christopher M. Roselli
Investment Insights
Based on property information with market context.
This charming two-family attached brick home is located in the desirable Sunset Park neighborhood. The first level features a family room, living room, dining room, and a full bath, expanding the home's living space. Interior stairs lead to the second level, which includes a two-bedroom apartment with a kitchen, large living room, dining room, and a full bath with a multi-shower head function. The basement offers additional space with a half bath and plenty of storage. Each unit has hardwood flooring, with new laminate flooring in the basement and on the basement staircase. The backyard includes a small, raised deck and a lower-level patio with additional outdoor storage under the stairs. The home is conveniently located near transportation, shopping, eateries, and schools such as the School for Future Leaders, PS 310, and JHS 227.
Key Highlights
- Two‑family attached brick home in the desirable Sunset Park neighborhood.
- Conveniently located near transportation, shopping, eateries, and schools.
- First level features a family room, living room, dining room, and full bath.
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
$62,379
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
4.49%
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%
$1,247,580
$1.2M
Cap Rate 7%
$891,129
$891.1K
Cap Rate 9%
$693,100
$693.1K
Market Conditions
NOI Build-Up for 2,160 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
$93.3K $43.20/SF
− Vacancy
−$4.2K −$1.94/SF
EGI
$89.1K $41.26/SF
− OpEx
−$26.7K −$12.38/SF
NOI
$62.4K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /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%
$1,247,580
Cap Rate 7%
$891,129
Cap Rate 9%
$693,100
Alternative Uses
Best Use
Multifamily LT 5
$891.1K
$779.7K – $1.04M
NOI $62,379 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$799.9K
$699.9K – $933.3K
NOI $55,995 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,019 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,283
Businesses Nearby
Explore this area
Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
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 - Charming two-family home in desirable Sunset Park neighborhood.
Where is this duplex located?
The property is located at 914 62nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Two‑family attached brick home in the desirable Sunset Park neighborhood.; Conveniently located near transportation, shopping, eateries, and schools.; First level features a family room, living room, dining room, and full bath.
