Fully Renovated Two-Family
124 Thomas S Boyland Street Brooklyn, NY 11233
For Sale
$1,334,900
MULTI_FAMILY - Brooklyn, NY
Property Size3,164 SF
Lot Size0.05 Acres
Price / SF$421.90
Days on Market134
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
Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3
Interior features
Central Air - Split, Laundry Area, Microwave, Refrigerator, Stove
Basement
Full, Unfinished
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
Listing Agency:
Exit All Seasons Realty
(718) 345-4545
Listed By:
Jaroslaw Kaszuba
(718) 345-4545
Added: Mar 16
Changed: Jul 11
Last Checked: Jul 27 at 10:06AM
MLS# 499682
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.
Fully renovated two-family duplex located at 124 Thomas S Boyland Street in Stuyvesant Heights, Brooklyn. The 3,164-square-foot home is configured as a 4-bedroom, 3-bath residence and features stainless appliances, chef’s kitchens, and spa-inspired baths with modern finishes. The property is described as having the warmth and character of a classic 1909 Brooklyn row house.
As an income-producing asset, the listing reports $157,924 in gross Airbnb revenue for 2025, which is up 16% from 2024, along with net operating income of $137,643 and an expense ratio under 13%. The remarks also state the home has a Walk Score of 77 and is steps from transit.
The property is zoned R6, and the listing notes that a T-12 package is available.
As an income-producing asset, the listing reports $157,924 in gross Airbnb revenue for 2025, which is up 16% from 2024, along with net operating income of $137,643 and an expense ratio under 13%. The remarks also state the home has a Walk Score of 77 and is steps from transit.
The property is zoned R6, and the listing notes that a T-12 package is available.
Key Highlights
- Two‑family property in Stuyvesant Heights with 3,164 sq ft and a 4‑bed, 3‑bath layout
- 2025 gross Airbnb revenue: $157,924 (up 16% from 2024)
- 2025 Net Operating Income (NOI): $137,643 with an expense ratio under 13%
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
NOI $110,809 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,594 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.06M
NOI $183,385 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated two-family duplex with 2025 gross Airbnb revenue of $157,924 and an expense ratio under 13%.
Where is this duplex 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 property in Stuyvesant Heights with 3,164 sq ft and a 4‑bed, 3‑bath layout; 2025 gross Airbnb revenue: $157,924 (up 16% from 2024); 2025 Net Operating Income (NOI): $137,643 with an expense ratio under 13%
