Brick Duplex with Detached
New
For Sale
$1,595,000
237 Coleridge Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size2,208 SF
Lot Size0.09 Acres
Price / SF$722.37
Days on Market5
Property Features for 237 Coleridge Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bathrooms
4
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Garage - Detached
Interior features
A/C Unit, Stove
Basement
Partial
Subdivision
Manhattan Beach
Standard status
Active
Size
2,208 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
7333
Building Details
Year built
1930
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Access Realty Company Inc
Listed By:
Elizabeth S. Skoda
(718) 644-6300
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 5 at 3:06AM
MLS# 504197
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 detached two-story duplex contains 2,208 square feet on a 0.0918-acre lot. Built in 1930, the brick property includes hardwood flooring, an A/C unit, a stove, an asphalt roof, and a detached garage. Four bathrooms are listed among the property rooms. The offering is sold as-is and is zoned R3-1.
The property is located in Manhattan Beach, Brooklyn, near the ocean and the Sheepshead Bay community. Its setting provides access to the waterfront area while retaining a residential building format suitable for continued duplex use or a buyer’s planned improvements.
The property is located in Manhattan Beach, Brooklyn, near the ocean and the Sheepshead Bay community. Its setting provides access to the waterfront area while retaining a residential building format suitable for continued duplex use or a buyer’s planned improvements.
Key Highlights
- 2,208‑square‑foot detached two‑story duplex
- 0.0918‑acre lot with R3‑1 zoning
- Brick construction with asphalt roof
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
$77,328
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
4.85%
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%
$1,546,560
$1.5M
Cap Rate 7%
$1,104,686
$1.1M
Cap Rate 9%
$859,200
$859.2K
Market Conditions
NOI Build-Up for 2,208 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
$112.6K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.5K $50.03/SF
− OpEx
−$33.1K −$15.01/SF
NOI
$77.3K $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%
$1,546,560
Cap Rate 7%
$1,104,686
Cap Rate 9%
$859,200
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$966.6K – $1.29M
NOI $77,328 @ 7.0% cap · market cap 4.85%
Second Best
Apartment 5plus
$963.0K
$842.6K – $1.12M
NOI $67,408 @ 7.0% cap · market cap 4.23%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.13M
NOI $127,976 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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-story brick duplex with hardwood flooring, air conditioning, a stove, and a detached garage.
Where is this duplex located?
The property is located at 237 Coleridge Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 2,208‑square‑foot detached two‑story duplex; 0.0918‑acre lot with R3‑1 zoning; Brick construction with asphalt roof
