Brooklyn Two-Family Home with
1960 Stillwell Avenue, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property size:
2,934 SFLot size:
0.14 AcresPrice / SF:
$596/SF- Added:
- Apr 30, 2025
- Days on Market:
- 393
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 1960 Stillwell Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bathroom 4, Bedroom 4
- Interior features
- Central Air - Split, Dishwasher, Laundry Area, Microwave, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,934 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11914
Building Details
- Year built
- 1965
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Granite, Ceramic, Hardwood, Tile
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Siu Kit Wong License #SW6470 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Apr 30, 2025
MLS# 492274
Listing URL
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.
HighLights
- Double lots totaling approximately 10,000 sq ft with R5 zoning, offering significant buildable space potential.
- Large, detached, brick 2‑family home with separate entrances, ideal for multi‑generational living or rental income.
- Convenient location with easy access to the D Train station and nearby amenities.
- Move‑in condition with 5 bedrooms and 4 baths, central air, dishwasher, laundry area, microwave, refrigerator, and stove included.
- Working water well, beneficial for gardening and maintaining the beautiful front yard.
- Relatively new roof (8 years old) and parking spaces available.
Overview
This two-family home is located in Brooklyn, NY. The detached brick building has separated entrances for each family. The building size is 29X50, totaling 2,934 square feet on a 6,175 square foot lot. The property benefits from its location on an extra wider street, offering ample sunlight and expansive views. It features 5 bedrooms and 4 baths. The roof is 8 years old. A working water well is present, suitable for flowers and plants. The property includes a beautiful front yard and parking spaces. Positioned for easy city access, the property is a short distance from the D Train station on 86th Street. Local amenities, including supermarkets, restaurants, bakeries, and schools, are conveniently nearby. The zoning is R5, suggesting potential for extra buildable spaces, appealing to developers, builders, or end users.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.14M
NOI $102,754 @ 9.00% cap · cautious / downside scenario
Moderate
$1.47M
NOI $102,754 @ 7.00% cap · market / base-case scenario
Aggressive
$2.06M
NOI $102,754 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.6k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $146.8k | $50.03 |
| − OpEx | −$44.0k | −$15.01 |
| NOI | $102.8k | $35.02 |
2,934 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,754 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,572 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.83M
NOI $170,055 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.985882
- Latitude
- 40.598763
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home with detached brick construction and convenient city access.
Where is this duplex located?
The property is located at 1960 Stillwell Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Double lots totaling approximately 10,000 sq ft with R5 zoning, offering significant buildable space potential.; Large, detached, brick 2‑family home with separate entrances, ideal for multi‑generational living or rental income.; Convenient location with easy access to the D Train station and nearby amenities.
