Two-Family Limestone
For Sale
$1,199,000
1745 Union Street, Brooklyn, NY 11213
Residential, Brooklyn, NY
Property Size2,296 SF
Lot Size0.04 Acres
Price / SF$522.21
Days on Market495
Property Features for 1745 Union Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C4-3
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2
Interior features
Refrigerator, Stove
Basement
Full
Subdivision
Crown Heights
Standard status
Active
Size
2,296 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
3958
Building Details
Year built
1901
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Block
Roof type
Flat
Listing Agency:
MadisonEstates Sothebys Realty
Listed By:
Frank Petralia
(718) 232-1004
Added: May 3, 2025
Changed: Sep 5
Last Checked: Sep 9 at 8:06AM
MLS# 492418
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 two-family limestone residence in Brooklyn contains approximately 2,296 square feet within a building measuring 20 feet by 55 feet. The property dates to 1901 and features hardwood flooring, a flat roof, block construction, a refrigerator, and a stove. The layout includes five bedrooms and two bathrooms across the two residential units.
The property is configured with one occupied unit and one vacant unit and is being offered as-is with a holdover tenancy. Located at 1745 Union Street in Crown Heights, the building carries C4-3 zoning, with a stated maximum residential FAR of 2.43 subject to local regulations and approvals. The lot measures 20 feet by 90 feet.
The property is configured with one occupied unit and one vacant unit and is being offered as-is with a holdover tenancy. Located at 1745 Union Street in Crown Heights, the building carries C4-3 zoning, with a stated maximum residential FAR of 2.43 subject to local regulations and approvals. The lot measures 20 feet by 90 feet.
Key Highlights
- Two‑family building with one occupied unit and one vacant unit
- Approximately 2,296 square feet of building area
- 20 ft x 90 ft lot with a 20 ft x 55 ft building dimension
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
$80,410
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
6.71%
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%
$1,608,200
$1.6M
Cap Rate 7%
$1,148,714
$1.1M
Cap Rate 9%
$893,444
$893.4K
Market Conditions
NOI Build-Up for 2,296 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
$117.1K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.9K $50.03/SF
− OpEx
−$34.5K −$15.01/SF
NOI
$80.4K $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 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%
$1,608,200
Cap Rate 7%
$1,148,714
Cap Rate 9%
$893,444
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,410 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$1.00M
$876.2K – $1.17M
NOI $70,094 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$1.90M
$1.66M – $2.22M
NOI $133,076 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
4,567
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units include one occupied apartment and one currently vacant apartment.
Where is this duplex located?
The property is located at 1745 Union Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Two‑family building with one occupied unit and one vacant unit; Approximately 2,296 square feet of building area; 20 ft x 90 ft lot with a 20 ft x 55 ft building dimension
