Brick 2-Unit
97 70th St, Brooklyn, NY 11209
For Sale
New
$1,450,000
Pending
Separate living and dining rooms serve both apartments, with a finished basement and built-in garage below.
Property Size2,504 SF
Lot Size0.05 Acres
Days on Market2
Property Features for 97 70th St
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Jason Zhou · License NY JZ1320
(718) 612-3088
Source:
Elliman
Added: Nov 12
Last Checked: Nov 12 at 2:19PM
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
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Investment Insights
Based on property information with market context.
This 1925 brick duplex contains two apartments: a three-bedroom unit above a two-bedroom unit. Each has its own living room, formal dining room, and eat-in kitchen. Hardwood and parquet flooring, high ceilings, architectural detailing, and large windows are present throughout. The lower level is finished and includes recreation and storage areas, a separate entrance at the front, and access to the built-in garage at the rear.
The building measures 22 x 62 feet on a 22 x 100-foot lot. A double-car garage and parking for up to four vehicles are accessed from a wide community driveway. The property is at 97 70th St in Brooklyn’s Bay Ridge neighborhood. Reported scores are 97 for walking, 86 for transit, and 82 for biking.
The building measures 22 x 62 feet on a 22 x 100-foot lot. A double-car garage and parking for up to four vehicles are accessed from a wide community driveway. The property is at 97 70th St in Brooklyn’s Bay Ridge neighborhood. Reported scores are 97 for walking, 86 for transit, and 82 for biking.
Key Highlights
- Three‑bedroom apartment over a separate two‑bedroom apartment
- Both units have living rooms, formal dining rooms, and eat‑in kitchens
- Finished basement with recreation and storage areas, front entrance, and garage access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,694
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,753,880
$1.8M
Cap Rate 7%
$1,252,771
$1.3M
Cap Rate 9%
$974,378
$974.4K
Market Conditions
NOI Build-Up for 2,504 SF
Gross rent
$127.7K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$125.3K $50.03/SF
− OpEx
−$37.6K −$15.01/SF
NOI
$87.7K $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%
$1,753,880
Cap Rate 7%
$1,252,771
Cap Rate 9%
$974,378
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.10M – $1.46M
NOI $87,694 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$1.09M
$955.6K – $1.27M
NOI $76,445 @ 7.0% cap · market cap 5.27%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $145,132 @ 7.0% cap · market cap 10.01%
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
2,760
Businesses Nearby
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Business Placement
Demographics for 11209, NY
73,239
Population
33,286
Households
2.2
Avg Household Size
40
Median Age
53%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
34,876
Density / Sq Mi
$92,656
Median Household Income
$62,455
Median Earnings
$1,857
Median Rent
$905,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate living and dining rooms serve both apartments, with a finished basement and built-in garage below.
Where is this duplex located?
The property is located at 97 70th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three‑bedroom apartment over a separate two‑bedroom apartment; Both units have living rooms, formal dining rooms, and eat‑in kitchens; Finished basement with recreation and storage areas, front entrance, and garage access
