Brick Single-Family Home with
For Sale
$998,000
2240 E 26th Street, Brooklyn, NY 11229
SINGLE_FAMILY - Brooklyn, NY
Property Size2,024 SF
Lot Size0.05 Acres
Price / SF$493.08
Days on Market113
Property Features for 2240 E 26th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 3
Parking features
Garage
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, Dishwasher, Dryer, Porch, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,024 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8652
Building Details
Year built
1940
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: May 6
Changed: Aug 4
Last Checked: Aug 26 at 7:06AM
MLS# 501193
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 brick single-family home offers a built-in garage and private driveway, with multiple levels designed for comfortable living. The top floor includes three generously sized bedrooms, a full bathroom, and a large living room with front porch access. On the main level, there is a living room, a custom eat-in kitchen with granite countertops and a breakfast bar, plus an additional room and 1.5 bathrooms. The home also includes a washer/dryer and a separate entrance next to the built-in garage. Outdoor space features a landscaped backyard with artificial turf, a patio area, and deck access.
Situated on a 22x100 ft lot, the building is approximately 22x46 ft. The property is located in Brooklyn, in the Sheepshead Bay area, within an R4 zoning district.
With roughly 2,024 sq. ft. of property size noted in the listing, this is a well-maintained home with both functional interior layout and established exterior spaces.
Situated on a 22x100 ft lot, the building is approximately 22x46 ft. The property is located in Brooklyn, in the Sheepshead Bay area, within an R4 zoning district.
With roughly 2,024 sq. ft. of property size noted in the listing, this is a well-maintained home with both functional interior layout and established exterior spaces.
Key Highlights
- Spacious brick single‑family home built in 1940 with a flat roof
- 3 bedrooms and 1.5 bathrooms on the main level, plus a full bathroom
- Eat‑in kitchen with granite countertops, backsplash, and breakfast bar
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
$61,791
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
6.19%
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%
$1,235,820
$1.2M
Cap Rate 7%
$882,729
$882.7K
Cap Rate 9%
$686,567
$686.6K
Market Conditions
NOI Build-Up for 2,024 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
$114.6K $56.64/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$112.3K $55.51/SF
− OpEx
−$50.6K −$24.98/SF
NOI
$61.8K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
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%
$1,235,820
Cap Rate 7%
$882,729
Cap Rate 9%
$686,567
Alternative Uses
Best Use
Apartment 5plus
$882.7K
$772.4K – $1.03M
NOI $61,791 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,311 @ 7.0% cap · market cap 11.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,533
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Spacious brick home with built-in garage, private driveway, and outdoor patio plus deck access on a 22x100 lot.
Where is this single family property located?
The property is located at 2240 E 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Spacious brick single‑family home built in 1940 with a flat roof; 3 bedrooms and 1.5 bathrooms on the main level, plus a full bathroom; Eat‑in kitchen with granite countertops, backsplash, and breakfast bar
