Two-Family Limestone in Crown
1745 Union Street Brooklyn, NY 11213
1745 Union Street, Brooklyn, NY, 11213
$1,199,000
For Sale
$1,199,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,296 SF
Lot Size0.04 Acres
Price / SF$522.21
Days on Market447
Property Features for 1745 Union Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C4-3
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Full
- 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
(718) 232-1004
Listed by
Frank Petralia
(718) 232-1004
Added: May 3, 2025 Updated: Jul 11 at 6:35PM Checked: Jul 23 at 12:06AM
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 building is located in the Crown Heights neighborhood of Brooklyn, New York. Constructed in 1901, the property is being sold as is and with a holdover tenancy. One unit is occupied, and the other is vacant. The building's dimensions are 20 ft x 55 ft, with an approximate building square footage of 2,296. The lot size is 20 ft x 90 ft, equating to 0.0413 acres. The estimated annual taxes are $3,958. Zoned as C4-3, the property is situated within a commercial district that supports various development options, with a maximum FAR of 2.43 for residential use, subject to local regulations and approvals. The location provides excellent accessibility, making it convenient for residents and commuters. This property presents an opportunity for investors looking to capitalize on the area's growth and zoning.
Key Highlights
- Two‑family limestone building in Crown Heights, Brooklyn, NY, sold as‑is with one unit occupied and one unit vacant (holdover tenancy).
- C4‑3 zoning in a commercial district; MAX FAR 2.43 residential (subject to local regulations and approvals).
- Lot size 20 ft x 90 ft; approximate building size 20 ft x 55 ft (approx. 2,296 SF).
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 | $117.1k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $114.9k | $50.03 |
| − OpEx | −$34.5k | −$15.01 |
| NOI | $80.4k | $35.02 |
2,296 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 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 - Two-family limestone building in Brooklyn's vibrant Crown Heights neighborhood.
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 limestone building in Crown Heights, Brooklyn, NY, sold as‑is with one unit occupied and one unit vacant (holdover tenancy).; C4‑3 zoning in a commercial district; MAX FAR 2.43 residential (subject to local regulations and approvals).; Lot size 20 ft x 90 ft; approximate building size 20 ft x 55 ft (approx. 2,296 SF).
