Brick Three-Family with Private
2358 E 2nd Street Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property size:
2,880 SFLot size:
0.05 AcresPrice / SF:
$581/SF- Added:
- Apr 22, 2026
- Days on Market:
- 80
- Last Refresh:
- Jul 10 at 12:06 pm
Property Features for 2358 E 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 7, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 1, Bedroom 4
- Parking features
- Garage - Detached
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,880 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10585
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Mariam Erkomaishvili (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 22, 2026
MLS# 500747
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.
Investment Insights
Based on property information with market context.
Solid brick three-family residence featuring three spacious 3-bedroom apartments on the upper floors and a 1-bedroom unit on the ground level. One unit is currently vacant, while the remaining apartments are leased on a month-to-month basis. The property includes a shared driveway and a private garage, along with a private outdoor space for everyday use.
Located in Gravesend within Brooklyn, the home is offered with zoning listed as R4. The property sits on a relatively small lot and is presented with convenient access to nearby shopping, dining, schools, and public transportation, while remaining in a residential setting.
This configuration supports multiple operating styles for an owner-occupant or investor. With one unit vacant, buyers have flexibility to move in, update, or re-rent on their preferred timing. The mix of unit sizes may also appeal to tenants seeking larger 3-bedroom layouts alongside a separate 1-bedroom option, while the garage and driveway arrangement can help support day-to-day convenience for occupants.
Located in Gravesend within Brooklyn, the home is offered with zoning listed as R4. The property sits on a relatively small lot and is presented with convenient access to nearby shopping, dining, schools, and public transportation, while remaining in a residential setting.
This configuration supports multiple operating styles for an owner-occupant or investor. With one unit vacant, buyers have flexibility to move in, update, or re-rent on their preferred timing. The mix of unit sizes may also appeal to tenants seeking larger 3-bedroom layouts alongside a separate 1-bedroom option, while the garage and driveway arrangement can help support day-to-day convenience for occupants.
Key Highlights
- Solid brick 3‑family home with three 3‑bedroom apartments and a 1‑bedroom ground‑level unit
- One unit currently vacant; remaining apartments are rented on a month‑to‑month basis
- Detached garage plus shared driveway
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 | $146.9k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $144.1k | $50.03 |
| − OpEx | −$43.2k | −$15.01 |
| NOI | $100.9k | $35.02 |
2,880 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,862 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,923 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three upper 3-bedroom units plus a 1-bedroom ground unit, with a shared driveway and private garage.
Where is this triplex located?
The property is located at 2358 E 2nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Solid brick 3‑family home with three 3‑bedroom apartments and a 1‑bedroom ground‑level unit; One unit currently vacant; remaining apartments are rented on a month‑to‑month basis; Detached garage plus shared driveway
