Brick Duplex with
For Sale
$1,549,000
914 E 93rd Street, Brooklyn, NY 11236
Residential, Brooklyn, NY
Property Size1,300 SF
Lot Size0.13 Acres
Price / SF$1,191
Days on Market363
Property Features for 914 E 93rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
2
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 1, Bathroom 3, Bathroom 2, Bathroom 5
Parking features
Garage
Interior features
A/C Unit, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Canarsie
Standard status
Active
Size
1,300 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Annual Amount
9718
Amenities
backyard
Building Details
Year built
1970
Number of units
1
Flooring type
Hardwood, Parquet Wood
Building materials
Brick
Roof type
Flat
Listing Agency:
Brooklyn Real Property Inc
(718) 629-1888
Listed By:
Franklyn Bowen
(718) 875-8899
Added: Sep 11, 2025
Changed: Sep 5
Last Checked: Sep 8 at 8:06PM
MLS# 495694
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 1970 brick duplex contains two three-bedroom apartments, each with 1.5 baths. The property also includes a basement apartment with a separate entrance, a two-car garage, additional parking, and a large backyard. Interior features include air-conditioning units, dishwashers, refrigerators, stoves, washers, dryers, laundry areas, and garage door openers. Hardwood and parquet flooring are installed throughout the residence, with a flat roof above.
The property occupies 0.1302 acres at 914 E 93rd Street in Brooklyn, NY 11236. Its recorded property size is 1,300 square feet. The residential layout provides two primary apartments along with additional basement space, while the garage and on-site parking support household use.
The property occupies 0.1302 acres at 914 E 93rd Street in Brooklyn, NY 11236. Its recorded property size is 1,300 square feet. The residential layout provides two primary apartments along with additional basement space, while the garage and on-site parking support household use.
Key Highlights
- Two three‑bedroom apartments, each with 1.5 baths
- Basement apartment with separate entrance
- Two‑car garage plus additional parking
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
$45,528
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
2.94%
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%
$910,560
$910.6K
Cap Rate 7%
$650,400
$650.4K
Cap Rate 9%
$505,867
$505.9K
Market Conditions
NOI Build-Up for 1,300 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
$66.3K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$65.0K $50.03/SF
− OpEx
−$19.5K −$15.01/SF
NOI
$45.5K $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%
$910,560
Cap Rate 7%
$650,400
Cap Rate 9%
$505,867
Alternative Uses
Best Use
Multifamily LT 5
$650.4K
$569.1K – $758.8K
NOI $45,528 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$567.0K
$496.1K – $661.5K
NOI $39,688 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$1.08M
$941.9K – $1.26M
NOI $75,348 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,732
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 - Two three-bedroom apartments include separate basement access, parking, laundry, and a backyard on a 0.1302-acre lot.
Where is this duplex located?
The property is located at 914 E 93rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Two three‑bedroom apartments, each with 1.5 baths; Basement apartment with separate entrance; Two‑car garage plus additional parking
