Two-Family Brick Duplex with Finished
For Sale
$1,139,000
2426 Brigham Street, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size2,265 SF
Lot Size0.05 Acres
Price / SF$502.87
Days on Market80
Property Features for 2426 Brigham Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-2
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 2, Bedroom 3, Bedroom 5
Patio and Porch features
Porch, Deck
Interior features
A/C Unit, Deck, Dishwasher, Porch, Refrigerator, Stove
Basement
Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,265 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7030
Building Details
Year built
1955
Floors in Building
3
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Jun 8
Changed: Aug 5
Last Checked: Aug 26 at 7:06AM
MLS# 502076
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 two-family brick duplex is a 3-story home built in 1955, sitting over a fully finished basement with a separate entrance. The upper duplex features a spacious layout with 3 bedrooms, 1.5 baths, a living room, dining room, and an eat-in kitchen. The first floor includes its own separate entrance, with 2 bedrooms and 1 full bath, supporting flexible living arrangements.
The property also includes a community driveway and multiple independent mechanical systems, including separate gas boilers and separate tankless water heaters. Interior amenities and finishes include an A/C unit, deck and porch areas, hardwood and tile flooring, and in-unit appliances such as a dishwasher, refrigerator, and stove.
Lot size is 0.0459 acres, and the property is 2,265 square feet. The roof is flat, and the property is zoned R3-2.
The property also includes a community driveway and multiple independent mechanical systems, including separate gas boilers and separate tankless water heaters. Interior amenities and finishes include an A/C unit, deck and porch areas, hardwood and tile flooring, and in-unit appliances such as a dishwasher, refrigerator, and stove.
Lot size is 0.0459 acres, and the property is 2,265 square feet. The roof is flat, and the property is zoned R3-2.
Key Highlights
- 3‑story two‑family brick duplex with a fully finished basement and separate entrance
- Upper duplex layout: 3 bedrooms, 1.5 baths, living room, dining room, eat‑in kitchen
- First floor with separate entrance: 2 bedrooms and 1 full bath
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
$79,324
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
6.96%
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%
$1,586,480
$1.6M
Cap Rate 7%
$1,133,200
$1.1M
Cap Rate 9%
$881,378
$881.4K
Market Conditions
NOI Build-Up for 2,265 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
$115.5K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$113.3K $50.03/SF
− OpEx
−$34.0K −$15.01/SF
NOI
$79.3K $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%
$1,586,480
Cap Rate 7%
$1,133,200
Cap Rate 9%
$881,378
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$991.6K – $1.32M
NOI $79,324 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$987.8K
$864.4K – $1.15M
NOI $69,148 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,279 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,848
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - R3-2 zoned two-family brick duplex with a fully finished basement and separate entrances, plus separate heating and water heating systems.
Where is this duplex located?
The property is located at 2426 Brigham Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,139,000.
What are key features of this property?
This property features: 3‑story two‑family brick duplex with a fully finished basement and separate entrance; Upper duplex layout: 3 bedrooms, 1.5 baths, living room, dining room, eat‑in kitchen; First floor with separate entrance: 2 bedrooms and 1 full bath
