Brooklyn Two-Family Home Near
2202 Burnett Street, Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
Property size:
2,400 SFLot size:
0.04 AcresPrice / SF:
$479/SF- Added:
- Dec 4, 2025
- Days on Market:
- 174
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 2202 Burnett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 4
- Parking features
- Garage
- Interior features
- A/C Unit - Wall, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Terrace, Washer
- Basement
- Full
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6080
Building Details
- Year built
- 1955
- Floors in Building
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Jason Zhou License #10301217017 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Dec 4, 2025
MLS# 497711
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
- Prime location directly across from Marine Park in a desirable neighborhood.
- Rare corner 2‑family building with two private driveways.
- Spacious 4‑bedroom duplex (2nd‑3rd floor) with a large terrace.
- First floor features a large 2‑bedroom apartment over a full basement.
- Parking for up to 3 cars, including a garage.
- Low annual property tax (approximately $6,052).
Overview
This corner two-family building features three stories above ground and a full basement. Located in a desirable neighborhood across from Marine Park, the property includes two private driveways. The second and third floors comprise a spacious four-bedroom duplex, with four bedrooms and a full bathroom on the third floor, situated above a large living room, formal dining room, eat-in kitchen, a half bathroom, and an oversized garage-top front terrace on the second floor. The first floor offers a large two-bedroom apartment above the full basement, with parking available for up to three cars. The building measures 20x40 feet on a 20x80 foot lot. The property is located in Brooklyn, NY.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$933.9K
NOI $84,052 @ 9.00% cap · cautious / downside scenario
Moderate
$1.20M
NOI $84,052 @ 7.00% cap · market / base-case scenario
Aggressive
$1.68M
NOI $84,052 @ 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 | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 6.37%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 12.10%
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
- -73.933626
- Latitude
- 40.602477
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Corner two-family home with private driveways near Marine Park.
Where is this duplex located?
The property is located at 2202 Burnett Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime location directly across from Marine Park in a desirable neighborhood.; Rare corner 2‑family building with two private driveways.; Spacious 4‑bedroom duplex (2nd‑3rd floor) with a large terrace.
