Sheepshead Bay Detached Corner
2302 E 23rd Street, Brooklyn, NY 11229
New
MULTI_FAMILY - Brooklyn, NY
Property size:
2,220 SFLot size:
0.07 AcresPrice / SF:
$675/SF- Added:
- May 25, 2026
- Days on Market:
- 7
- Last Refresh:
- May 31 at 2:06 am
Property Features for 2302 E 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bedroom 4, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 5, Bedroom 3, Bathroom 3
- Patio and Porch features
- Porch
- Interior features
- A/C Unit, Porch, Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 2,220 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9618
Building Details
- Number of units
- 3
- Flooring type
- Tile, Carpet, Hardwood
Listing agent Stephanie Dong Chin (718) 872-6300
Listing office New World Realty Group LLC 2074 E 14th St, Brooklyn, NY (718) 872-6300
Listing date May 25, 2026
MLS# 501734
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
- Rare, fully detached 3‑family corner property on an oversized 30x100 lot in Sheepshead Bay.
- Double private driveway with parking for multiple vehicles or RVs.
- Huge private backyard suitable for entertaining, gardening, or relaxing.
- First floor: Spacious 3‑bedroom apartment with formal living room and high ceilings.
- Lower level: Large 1‑bedroom setup with two separate entrances, offering additional space or rental income potential.
- Conveniently located near shopping, schools, dining, waterfront attractions, and multiple transportation options (Subway B/Q Train, B3, B49, and BM3 bus lines).
Overview
This is a rare opportunity to own a fully detached corner property in the heart of Sheepshead Bay, Brooklyn. This three-family home offers great potential on an oversized 30x100 lot. The first floor features a spacious three-bedroom apartment with a formal living room and high ceilings, creating an open and comfortable living environment. The second floor offers a bright two-bedroom apartment with a formal living room, an office/family room, an enclosed porch, and abundant closet space, adding both functionality and flexibility. The lower level includes a large one-bedroom setup with two separate entrances, providing additional space or rental income potential. The property is situated on a 0.0689-acre lot. Additional highlights include a double private driveway with parking for multiple vehicles or RVs, as well as a huge private backyard perfect for entertaining, gardening, relaxing, or creating your own outdoor oasis. The backyard serves as a natural extension of the home's living area. The property is conveniently located near shopping, schools, dining, and waterfront attractions. Transportation is easily accessible via Subway B/Q Train, as well as the B3, B49, and BM3 bus lines. This property is a solid investment opportunity or perfect for end-users seeking additional rental income in a highly desirable neighborhood, offering both lifestyle convenience and strong investment potential. The property size is 2,220 square feet and is zoned R4.
Local 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 | $113.2k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $111.1k | $50.03 |
| − OpEx | −$33.3k | −$15.01 |
| NOI | $77.7k | $35.02 |
2,220 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.9K – $1.30M
NOI $77,748 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$968.2K
$847.2K – $1.13M
NOI $67,774 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.14M
NOI $128,671 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.947919
- Latitude
- 40.595012
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-family home with oversized lot in Sheepshead Bay, Brooklyn.
Where is this triplex located?
The property is located at 2302 E 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Rare, fully detached 3‑family corner property on an oversized 30x100 lot in Sheepshead Bay.; Double private driveway with parking for multiple vehicles or RVs.; Huge private backyard suitable for entertaining, gardening, or relaxing.
