Two-Unit Brick Income
1307 E 98th Street Brooklyn, NY 11236
1307 E 98th Street, Brooklyn, NY, 11236
$849,000
For Sale
$849,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,320 SF
Lot Size0.05 Acres
Price / SF$643.18
Days on Market38
Property Features for 1307 E 98th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- A/C Unit
- Standard status
- Active
- Size
- 1,320 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4928
Building Details
- Year built
- 1955
- Floors in Building
- 1
- Flooring type
- Ceramic, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Albert Taye · License #30TA0927395
(718) 612-3088
Added: Jun 15 Updated: Jul 16 at 7:36PM Checked: Jul 22 at 8:06AM
MLS# 502310
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.
Welcome to 1307 E 98th Street, a solid brick, move-in-ready duplex configured as a 2-bedroom unit over a 1-bedroom unit. The home offers well-kept interiors with hardwood floors, bright living spaces, and a warm, functional layout. The first-floor apartment is currently rented, providing immediate rental income. Additional features include a private driveway, built-in garage, and plenty of storage.
The property is located in Canarsie, Brooklyn. The setting includes access to a large backyard for outdoor use.
With its two separate dwelling units and existing rental in place, this property is designed to support an owner-occupant or investor approach.
The property is located in Canarsie, Brooklyn. The setting includes access to a large backyard for outdoor use.
With its two separate dwelling units and existing rental in place, this property is designed to support an owner-occupant or investor approach.
Key Highlights
- Solid brick home built in 1955 with flat roof
- Configured as a 2‑bedroom unit over a 1‑bedroom unit
- First‑floor apartment is currently rented for immediate rental income
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 | $67.3k | $51.00 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $66.0k | $50.03 |
| − OpEx | −$19.8k | −$15.01 |
| NOI | $46.2k | $35.02 |
1,320 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$660.4K
$577.9K – $770.5K
NOI $46,229 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 4.75%
Theoretical Best
Specialty Retail
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Solid brick two-unit duplex with a 2-bedroom upper unit and a 1-bedroom lower unit, plus private driveway and backyard.
Where is this duplex located?
The property is located at 1307 E 98th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Solid brick home built in 1955 with flat roof; Configured as a 2‑bedroom unit over a 1‑bedroom unit; First‑floor apartment is currently rented for immediate rental income
