Duplex with Patio
For Sale
$980,000
1898 Eastern Parkway, Brooklyn, NY 11233
MULTI_FAMILY - Brooklyn, NY
Property Size1,967 SF
Lot Size0.05 Acres
Price / SF$498.22
Days on Market48
Property Features for 1898 Eastern Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 4, Bathroom 3, Bathroom 1
Patio and Porch features
Patio
Interior features
Patio Garden, Refrigerator, Stove
Basement
Finished
Subdivision
Ocean Hill
Standard status
Active
Lot size
0.05 Acres
Building Details
Number of units
1
Flooring type
Tile, Carpet
Building materials
Brick
Roof type
Flat
Listing Agency:
Century 21 Achievers
(718) 758-0600
Listed By:
Alisha Branch
(718) 758-0600
Added: Jun 16
Changed: Jul 30
Last Checked: Aug 2 at 11:06PM
MLS# 502360
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.
Vacant duplex residence featuring brick construction and a flat roof. The first-floor unit includes a kitchen, living room, two bedrooms, two bathrooms, a bonus room, and a door leading to the backyard. The second-floor unit offers two bedrooms, one bathroom, a kitchen, and a living room. A bathroom in the basement is also included. Interior flooring includes tile and carpet, and the property lists refrigerator and stove among the interior features. Outside, enjoy a patio and patio garden area.
Located in the Ocean Hill, Brownsville/East New York section of Brooklyn, the property is positioned for access to schools, shopping, and outdoor entertainment. Callahan-Kelly Park is described as nearby, and the area offers transit access via multiple subway lines, including stations within a few blocks.
With two full residential levels and additional basement bathroom space, this duplex may appeal to buyers looking for flexible multi-level living within the same home.
Located in the Ocean Hill, Brownsville/East New York section of Brooklyn, the property is positioned for access to schools, shopping, and outdoor entertainment. Callahan-Kelly Park is described as nearby, and the area offers transit access via multiple subway lines, including stations within a few blocks.
With two full residential levels and additional basement bathroom space, this duplex may appeal to buyers looking for flexible multi-level living within the same home.
Key Highlights
- 0.0452‑acre lot with a patio and patio garden
- 1,967 square feet of living space
- First‑floor unit: two bedrooms, two bathrooms, bonus room, backyard access
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 | $100.3k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $98.4k | $50.03 |
| − OpEx | −$29.5k | −$15.01 |
| NOI | $68.9k | $35.02 |
1,967 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$984.1K
$861.1K – $1.15M
NOI $68,888 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$857.9K
$750.6K – $1.00M
NOI $60,050 @ 7.0% cap · market cap 6.13%
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,007 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,661
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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 - Vacant duplex with a patio and backyard access, brick construction, and two-level living plus a basement bathroom.
Where is this duplex located?
The property is located at 1898 Eastern Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: 0.0452‑acre lot with a patio and patio garden; 1,967 square feet of living space; First‑floor unit: two bedrooms, two bathrooms, bonus room, backyard access
