Brick Duplex with Private
New
For Sale
$1,155,000
1016 Avenue X, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size2,580 SF
Lot Size0.02 Acres
Price / SF$447.67
Days on Market1
Property Features for 1016 Avenue X
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Interior features
A/C Unit, Dishwasher, Laundry Area, Refrigerator, Washer, Window Treatments
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,580 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
6651
Amenities
private backyard
sheds
BBQ area
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Tile, Ceramic
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Ben Bay Realty Co
Listed By:
Antoinette Oddo
(718) 680-6442
Added: Oct 8
Last Checked: Oct 8 at 10:06PM
MLS# 505169
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 attached brick duplex contains two apartments within 2,580 square feet. The first-floor unit has one bedroom, while the second-floor apartment has two. A finished walk-in area with its own entrance provides additional flexible space. The property also includes three full bathrooms, gas heat, kitchens, ample closet storage, and a private rear yard with storage sheds.
The 20-foot-wide home is in Brooklyn near Coney Island Avenue, with shopping, dining, and transportation nearby. It was built in 1930 and is zoned R4.
The 20-foot-wide home is in Brooklyn near Coney Island Avenue, with shopping, dining, and transportation nearby. It was built in 1930 and is zoned R4.
Key Highlights
- Two‑family layout: one‑bedroom first‑floor unit and two‑bedroom second‑floor apartment
- 2,580 square feet; built in 1930
- 20' wide attached brick home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,356
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,120
$1.8M
Cap Rate 7%
$1,290,800
$1.3M
Cap Rate 9%
$1,003,956
$1.0M
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$131.6K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$129.1K $50.03/SF
− OpEx
−$38.7K −$15.01/SF
NOI
$90.4K $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%
$1,807,120
Cap Rate 7%
$1,290,800
Cap Rate 9%
$1,003,956
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,356 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$1.13M
$984.6K – $1.31M
NOI $78,765 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,537 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments offer a one-bedroom layout downstairs and a two-bedroom residence above.
Where is this duplex located?
The property is located at 1016 Avenue X Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,155,000.
What are key features of this property?
This property features: Two‑family layout: one‑bedroom first‑floor unit and two‑bedroom second‑floor apartment; 2,580 square feet; built in 1930; 20' wide attached brick home
