Extra-Large Two-Family Brick
For Sale
$1,620,000
2024 E 27th Street, Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
Property Size1,386 SF
Lot Size0.05 Acres
Price / SF$1,168
Days on Market79
Property Features for 2024 E 27th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 5, Bathroom 2, Bathroom 3
Parking features
Garage
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,386 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9760
Amenities
finished basement with separate entrance
storage area
Building Details
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Dao Bo (Paul) Lin · License #DL5775
(718) 612-3088
Added: May 15
Changed: Jul 31
Last Checked: Aug 1 at 5:06AM
MLS# 501472
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.
Extra-large two-family brick house featuring spacious, flexible unit layouts and hardwood flooring. The property includes a finished basement with a separated entrance, providing additional space and practical access. Built-in garage parking supports on-site convenience.
The home is an end unit of a community drive, which can provide extra parking and storage area. The roof is flat, and the property includes multiple bathrooms across the layout.
Set on a 0.0505-acre lot with a 22-by-63 house footprint and approximately 1,386 square feet of property size, this two-family configuration offers a straightforward, owner-occupant or investor-friendly residential setup.
The home is an end unit of a community drive, which can provide extra parking and storage area. The roof is flat, and the property includes multiple bathrooms across the layout.
Set on a 0.0505-acre lot with a 22-by-63 house footprint and approximately 1,386 square feet of property size, this two-family configuration offers a straightforward, owner-occupant or investor-friendly residential setup.
Key Highlights
- Two‑family brick house with hardwood flooring
- Finished basement with separated entrance
- End unit of a community drive with extra parking and storage
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 | $70.7k | $51.00 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $69.3k | $50.03 |
| − OpEx | −$20.8k | −$15.01 |
| NOI | $48.5k | $35.02 |
1,386 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$693.4K
$606.8K – $809.0K
NOI $48,540 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$604.5K
$528.9K – $705.2K
NOI $42,313 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,333 @ 7.0% cap · market cap 4.96%
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
3,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Extra-large two-family brick home with hardwood floors and a flat roof, plus built-in garage parking.
Where is this duplex located?
The property is located at 2024 E 27th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Two‑family brick house with hardwood flooring; Finished basement with separated entrance; End unit of a community drive with extra parking and storage
