Legal Two-Family Semi-Attached
For Sale
$1,369,000
2529 E 22nd Street, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property Size2,256 SF
Lot Size0.06 Acres
Price / SF$606.83
Days on Market151
Property Features for 2529 E 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Bedrooms
6
Bathrooms
5
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 4, Bedroom 1, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 4, Bathroom 2
Parking features
On Street
Basement
Partially Finished, Full
Lot features
Front Yard, Back Yard
Subdivision
Sheepshead Bay
Standard status
Active
APN
07441-0463
Size
2,256 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9030
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Building materials
Aluminum Siding, Stucco
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Cindy C Cheung · License #40CH0915567
(917) 601-2627
Added: Mar 4
Changed: Jul 29
Last Checked: Aug 2 at 6:06AM
MLS# 2601129
Copyright © 2026 Staten Island Board of Realtors. 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 is a legal two-family 6/6 semi-attached home in Sheepshead Bay. The first floor features a living room/dining room combination, eat-in kitchen, three bedrooms with a full bathroom, and direct door access to the backyard. The second floor offers a similar layout with a living room/dining room combination, eat-in kitchen, three bedrooms, and a full bathroom. A partially finished basement includes a family room, full bathroom, open space, and a dedicated laundry and utilities room. Hardwood floors run throughout, and there is also a real door to the backyard.
The property sits on a 25 x 100 lot and includes a shared driveway. While both units are currently tenant occupied, the home will be delivered vacant.
The home’s configuration provides two complete residential units with multiple bedrooms and full bathrooms across floors, along with additional finished and utilitarian space in the basement.
The property sits on a 25 x 100 lot and includes a shared driveway. While both units are currently tenant occupied, the home will be delivered vacant.
The home’s configuration provides two complete residential units with multiple bedrooms and full bathrooms across floors, along with additional finished and utilitarian space in the basement.
Key Highlights
- Legal two‑family 6/6 semi‑attached on 2529 E 22nd Street in Sheepshead Bay
- Lot size 25 x 100; house dimensions 20 x 54; 2,256 SF
- Each floor offers living room/dining room combo plus eat‑in kitchen, with 3 bedrooms and a full bathroom per unit
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 | $115.1k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $112.9k | $50.03 |
| − OpEx | −$33.9k | −$15.01 |
| NOI | $79.0k | $35.02 |
2,256 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$987.6K – $1.32M
NOI $79,009 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$983.9K
$860.9K – $1.15M
NOI $68,873 @ 7.0% cap · market cap 5.03%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,758 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,124
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 - Well-maintained 6/6 two-family with separate living areas, rear access, and partially finished basement.
Where is this duplex located?
The property is located at 2529 E 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Legal two‑family 6/6 semi‑attached on 2529 E 22nd Street in Sheepshead Bay; Lot size 25 x 100; house dimensions 20 x 54; 2,256 SF; Each floor offers living room/dining room combo plus eat‑in kitchen, with 3 bedrooms and a full bathroom per unit
