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    Stuyvesant Heights Two-Family Home Title is generated by Realmo AI

    124 Thomas S Boyland Street, Brooklyn, NY 11233

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    Claim this Listing
    For Sale
    $1,334,900

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    3,164 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $421/SF
    Added:
    Mar 16, 2026
    Days on Market:
    88
    Last Refresh:
    Jun 11 at 11:06 pm

    Property Features for 124 Thomas S Boyland Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R6
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 4
    Interior features
    Central Air - Split, Laundry Area, Microwave, Refrigerator, Stove
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    3,164 SF
    Lot size
    0.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6054

    Building Details

    Year built
    1909
    Number of units
    2
    Flooring type
    Laminate
    Building materials
    Wood Frame
    Roof type
    Flat

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    Listing Contact
    Jaroslaw Kaszuba

    Listing agent Jaroslaw Kaszuba

    Listing office Exit All Seasons Realty 8911 Glenwood Rd, Brooklyn, NY

    Listing date Mar 16, 2026

    MLS# 499682 Listing URL

    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.

    HighLights

    • Two‑family home in Stuyvesant Heights built in 1909 with 3,164 sq ft and 4 bedrooms, 3 bathrooms
    • 2025 gross Airbnb revenue of $157,924 (up 16% from 2024) with Net Operating Income of $137,643 and expense ratio under 13%
    • Listed at $1,344,900 with cap rate over 10% based on provided income figures
    • Central air (split) plus a laundry area
    • Appliances include microwave, refrigerator, and stove
    • Walk Score 77 and steps from transit (per remarks)

    Overview

    Located in Stuyvesant Heights, Brooklyn, this renovated two-family property offers income-producing potential. The 3,164 square foot property features four bedrooms and three bathrooms. The building retains the warmth and character of a classic 1909 Brooklyn row house. The property generated $157,924 in gross Airbnb revenue in 2025, a 16% increase from 2024, with a Net Operating Income of $137,643 and an expense ratio under 13%. Situated on a 0.0493-acre lot, the property offers options for owner-occupancy with rental income or full short-term rental operation. The property includes chef's kitchens, spa-inspired baths, stainless appliances, and modern finishes. The property is located in one of Brooklyn's most appreciating neighborhoods, steps from transit, with a Walk Score of 77.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $161.4k $51.00
    − Vacancy −$3.1k −$0.97
    EGI $158.3k $50.03
    − OpEx −$47.5k −$15.01
    NOI $110.8k $35.02
    3,164 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.58M
    $1.39M – $1.85M (±1% cap)
    NOI $110,809 @ 7.0% cap · market cap 8.30%
    Second Best
    Apartment 5plus
    $1.38M
    $1.21M – $1.61M (±1% cap)
    NOI $96,594 @ 7.0% cap · market cap 7.24%
    Theoretical Best
    Specialty Retail
    $2.62M
    $2.29M – $3.06M (±1% cap)
    NOI $183,385 @ 7.0% cap · market cap 13.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.914242
    Latitude
    40.680449

    FAQs

    What type of property is this?
    Short term rental property - Renovated two-family in Brooklyn's Stuyvesant Heights with income potential.
    Where is this short term rental property located?
    The property is located at 124 Thomas S Boyland Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,334,900.
    What are key features of this property?
    This property features: Two‑family home in Stuyvesant Heights built in 1909 with 3,164 sq ft and 4 bedrooms, 3 bathrooms; 2025 gross Airbnb revenue of $157,924 (up 16% from 2024) with Net Operating Income of $137,643 and expense ratio under 13%; Listed at $1,344,900 with cap rate over 10% based on provided income figures
    More about this property
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