Renovated Two-Family Home Near
20 Corbin Place, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Type:Duplex
Property size:
2,106 SFLot size:
0.05 AcresPrice / SF:
$616/SF- Added:
- Mar 29, 2026
- Days on Market:
- 61
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 20 Corbin Place
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R6
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 3, Bathroom 1
- Parking features
- Garage
- Patio and Porch features
- Patio, Porch
- Interior features
- Central Air, Dishwasher, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
- Standard status
- Active
- Size
- 2,106 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9190
Building Details
- Year built
- 1940
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Ceramic, Hardwood
- Building materials
- Block, Brick
- Architectural style
- Other
Listing agent Alla Veksler (718) 376-9300
Listing office Maximillion Realty, Inc. 101 Avenue U, Brooklyn, NY (718) 376-9300
Listing date Mar 29, 2026
MLS# 500062
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
- Renovated two‑family brick residence with income potential, currently used as a single‑family home.
- Custom Italian kitchen featuring premium Miele stainless steel appliances, including a built‑in coffee machine.
- Spacious living area with private terrace and direct access to an enormous backyard with a built‑in outdoor kitchen.
- Luxurious primary bathroom with standalone soaking tub and separate glass‑enclosed shower; radiant heated floors in all bathrooms.
- Driveway and attached garage providing two convenient parking spots.
- High‑end finishes throughout: Andersen windows, cherry wood flooring, cast iron custom stairs railing, Swarovski chandeliers, and detailed crown moldings.
Overview
This renovated brick residence, situated at the crossroads of Brighton Beach and Manhattan Beach, offers over 2100 square feet of interior space on an 18 by 116 lot. Currently used as a single-family home, this two-family property offers flexibility and income potential. The property features a three-bedroom duplex over a walk-in studio apartment with a separate entrance. The home includes European finishes, a custom Italian kitchen with Miele stainless steel appliances including a built-in coffee machine, oven, dishwasher, cooktop with ducted wall-mounted range hood, and refrigerator. The spacious living room connects to a formal dining area and a private terrace with direct access to an enormous backyard featuring a built-in outdoor kitchen. Bedrooms offer built-in closets and Italian interior doors. The primary bathroom features a standalone soaking tub and separate glass-enclosed shower. Radiant heated floors are present in all three bathrooms. Additional features include Andersen windows, cherry wood flooring, cast iron custom stairs railing, three-zone central heating and cooling, a tankless water heater, and a Miele washer/dryer. The property also has an all-paved driveway and backyard with in-ground lighting, nine-foot ceilings, Swarovski chandeliers, detailed crown moldings, a Jacuzzi tub, and a custom-built Finland sauna. A driveway and attached garage provide two parking spots. The home can be used as a two-family residence and has excellent potential income. The property is zoned R6 and located in Brooklyn, NY. It can be sold fully furnished.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$819.5K
NOI $73,756 @ 9.00% cap · cautious / downside scenario
Moderate
$1.05M
NOI $73,756 @ 7.00% cap · market / base-case scenario
Aggressive
$1.48M
NOI $73,756 @ 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 | $107.4k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $105.4k | $50.03 |
| − OpEx | −$31.6k | −$15.01 |
| NOI | $73.8k | $35.02 |
2,106 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.05M
$922.0K – $1.23M
NOI $73,756 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$918.5K
$803.7K – $1.07M
NOI $64,294 @ 7.0% cap · market cap 4.95%
Theoretical Best
Specialty Retail
$1.74M
$1.53M – $2.03M
NOI $122,064 @ 7.0% cap · market cap 9.40%
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
- -73.955275
- Latitude
- 40.581405
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated two-family home with income potential near Brighton Beach.
Where is this duplex located?
The property is located at 20 Corbin Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,298,000.
What are key features of this property?
This property features: Renovated two‑family brick residence with income potential, currently used as a single‑family home.; **Custom Italian kitchen featuring premium Miele stainless steel appliances, including a built‑in coffee machine.**; **Spacious living area with private terrace and direct access to an enormous backyard with a built‑in outdoor kitchen.**
