Brick Two-Family
New
For Sale
$1,795,000
937 71st Street, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size2,200 SF
Lot Size0.05 Acres
Price / SF$815.91
Days on Market2
Property Features for 937 71st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
6
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 4, Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bedroom 6, Bathroom 2
Patio and Porch features
Porch
Interior features
A/C Unit, Porch, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Dyker Heights
Standard status
Active
Size
2,200 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9859
Amenities
private balcony
private backyard
finished basement
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Ping Chen
(718) 612-3088
Added: Oct 21
Last Checked: Oct 22 at 3:06AM
MLS# 505444
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.
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Investment Insights
Based on property information with market context.
This 1925 brick duplex contains two apartments, each with three bedrooms and one full bathroom. The first-floor unit has a kitchen, separate dining area, and living room; the upper unit includes a kitchen, combined living and dining space, and a private balcony. A finished basement adds a family room, entertainment room, and storage area, with entrances at both the front and rear. The home also features a private backyard, porch, split-unit heating and cooling, and a flat roof. The electrical wiring and plumbing were redone in 2008.
The property is in Brooklyn, near shopping, restaurants, schools, and neighborhood amenities. The N train and local bus service provide transit options. It is zoned R5B.
The property is in Brooklyn, near shopping, restaurants, schools, and neighborhood amenities. The N train and local bus service provide transit options. It is zoned R5B.
Key Highlights
- Two three‑bedroom apartments, each with one full bathroom
- 2,200 square feet of building area on a 20' x 100' lot
- 20' x 55' building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,048
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,960
$1.5M
Cap Rate 7%
$1,100,686
$1.1M
Cap Rate 9%
$856,089
$856.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$112.2K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.1K $50.03/SF
− OpEx
−$33.0K −$15.01/SF
NOI
$77.0K $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%
$1,540,960
Cap Rate 7%
$1,100,686
Cap Rate 9%
$856,089
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.1K – $1.28M
NOI $77,048 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$959.5K
$839.6K – $1.12M
NOI $67,164 @ 7.0% cap · market cap 3.74%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,349
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments are complemented by a finished basement with separate front and rear entrances.
Where is this duplex located?
The property is located at 937 71st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Two three‑bedroom apartments, each with one full bathroom; 2,200 square feet of building area on a 20' x 100' lot; 20' x 55' building footprint
