Brick Duplex with Roof
For Sale
$1,049,000
2157 E 33rd Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size2,250 SF
Lot Size0.06 Acres
Price / SF$466.22
Days on Market90
Property Features for 2157 E 33rd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 2
Parking features
Garage
Interior features
A/C Unit, Refrigerator, Stove
Basement
Full, Finished
Subdivision
Marine Park
Standard status
Active
Size
2,250 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6700
Amenities
private driveway
built-in garage
private backyard
roof terrace
Building Details
Year built
1935
Floors in Building
3
Number of units
2
Flooring type
Tile, Parquet Wood
Building materials
Brick
Roof type
Shingle, Flat
Architectural style
Other
Listing Agency:
Pride Estates
Listed By:
Mitchell Feldman
(718) 569-2888
Added: Jun 12
Changed: Sep 5
Last Checked: Sep 9 at 1:06AM
MLS# 502275
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 1935 semi-detached brick duplex contains approximately 2,250 square feet across two residences. The upper home is arranged as a three-bedroom, two-bath duplex with a living room, updated kitchen with dinette, hardwood flooring, and closet storage. A separate one-bedroom apartment occupies the lower level. The property also includes a private driveway, built-in garage, backyard, and roof terrace. Gas heat and hot water serve the building, with an A/C unit, refrigerator, and stove included among the interior features.
The home is positioned across from Marine Park and near shopping, restaurants, and B3 and B2 bus stops. R4 zoning, a 25' x 100' lot, and a 20' x 45' building footprint provide clear physical and land-use context for the property.
The home is positioned across from Marine Park and near shopping, restaurants, and B3 and B2 bus stops. R4 zoning, a 25' x 100' lot, and a 20' x 45' building footprint provide clear physical and land-use context for the property.
Key Highlights
- Two‑family duplex with a 3‑bedroom, 2‑bath upper residence and separate 1‑bedroom apartment
- 2,250 square feet of building area on a 0.0566‑acre lot
- 25' x 100' lot with a 20' x 45' building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,575,980
$1.6M
Cap Rate 7%
$1,125,700
$1.1M
Cap Rate 9%
$875,544
$875.5K
Market Conditions
NOI Build-Up for 2,250 SF
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.
Gross rent
$114.8K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.6K $50.03/SF
− OpEx
−$33.8K −$15.01/SF
NOI
$78.8K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,575,980
Cap Rate 7%
$1,125,700
Cap Rate 9%
$875,544
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,799 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$981.3K
$858.6K – $1.14M
NOI $68,690 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Two-family layout includes a three-bedroom upper residence and a separate one-bedroom apartment.
Where is this duplex located?
The property is located at 2157 E 33rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑family duplex with a 3‑bedroom, 2‑bath upper residence and separate 1‑bedroom apartment; 2,250 square feet of building area on a 0.0566‑acre lot; 25' x 100' lot with a 20' x 45' building footprint
