Brick Duplex with Built-In
97 70th Street, Brooklyn, NY 11209
For Sale
New
$1,450,000
Residential, Brooklyn, NY
Property Size2,504 SF
Lot Size0.05 Acres
Price / SF$579.07
Days on Market1
Property Features for 97 70th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
finished basement
landscaped front garden
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Jason Zhou · License NY JZ1320
(718) 612-3088
Added: Nov 10
Last Checked: Nov 10 at 10:06PM
MLS# 506002
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 2,504 square feet across two apartments: a three-bedroom unit and a two-bedroom unit. Each has a living room, formal dining room, and eat-in kitchen. Hardwood, laminate, and tile flooring are among the interior finishes, and the property includes a finished basement with a separate front entrance and access to the built-in garage. Parking accommodates up to four cars.
The building measures 22 x 62 feet on a 22 x 100-foot lot, or 0.0513 acres. The property is in Brooklyn and is zoned R3-2.
The building measures 22 x 62 feet on a 22 x 100-foot lot, or 0.0513 acres. The property is in Brooklyn and is zoned R3-2.
Key Highlights
- Two apartments: three bedrooms upstairs and two bedrooms downstairs
- 2,504 square feet in a 1925 brick building
- Built‑in garage and parking for up to 4 cars
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 - Two apartments have separate living and dining rooms, eat-in kitchens, and a finished basement.
Where is this duplex located?
The property is located at 97 70th Street 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: Two apartments: three bedrooms upstairs and two bedrooms downstairs; 2,504 square feet in a 1925 brick building; Built‑in garage and parking for up to 4 cars
