Full-Brick Duplex with Private
For Sale
$2,300,000
971 66th Street, Brooklyn, NY 11219
Residential, Brooklyn, NY
Property Size3,300 SF
Lot Size0.07 Acres
Price / SF$696.97
Days on Market9
Property Features for 971 66th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Dyker Heights
Standard status
Active
Size
3,300 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10648
Amenities
private driveway
finished basement
backyard
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Added: Sep 23
Last Checked: Oct 1 at 2:06PM
MLS# 504804
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 full-brick duplex at 971 66th Street contains approximately 3,300 square feet within a 20' x 55' building on a 30' x 100' lot. The first floor is arranged with three bedrooms, while the second floor provides four bedrooms. A finished, high-ceiling basement has its own front entrance and connects directly to the backyard. Interior features include hardwood and tile flooring, along with a refrigerator and stove. The property was built in 1925 and has a rubber roof.
A 10-foot-wide private driveway provides off-street vehicle space, complemented by substantial outdoor area. The property is near Fort Hamilton Parkway, 10th Avenue, shopping, supermarkets, restaurants, neighborhood services, parks, public transportation, and the 8th Avenue shopping and dining corridor. Its Brooklyn location is identified by ZIP Code 11219.
A 10-foot-wide private driveway provides off-street vehicle space, complemented by substantial outdoor area. The property is near Fort Hamilton Parkway, 10th Avenue, shopping, supermarkets, restaurants, neighborhood services, parks, public transportation, and the 8th Avenue shopping and dining corridor. Its Brooklyn location is identified by ZIP Code 11219.
Key Highlights
- Duplex with approximately 3,300 square feet of building area
- 30' x 100' lot with a 20' x 55' building
- 10‑foot‑wide private driveway
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
$95,301
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
4.14%
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%
$1,906,020
$1.9M
Cap Rate 7%
$1,361,443
$1.4M
Cap Rate 9%
$1,058,900
$1.1M
Market Conditions
NOI Build-Up for 3,300 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
$142.6K $43.20/SF
− Vacancy
−$6.4K −$1.94/SF
EGI
$136.1K $41.26/SF
− OpEx
−$40.8K −$12.38/SF
NOI
$95.3K $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%
$1,906,020
Cap Rate 7%
$1,361,443
Cap Rate 9%
$1,058,900
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,301 @ 7.0% cap · market cap 4.14%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,547 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,751 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,582
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 residential levels include three- and four-bedroom layouts, plus a finished basement and backyard.
Where is this duplex located?
The property is located at 971 66th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Duplex with approximately 3,300 square feet of building area; 30' x 100' lot with a 20' x 55' building; 10‑foot‑wide private driveway
