Renovated Brick Multifamily
2704 Avenue Z, Brooklyn, NY 11235
MULTI_FAMILY - Brooklyn, NY
Property size:
3,180 SFLot size:
0.05 AcresPrice / SF:
$471/SF- Added:
- May 28, 2026
- Days on Market:
- 31
- Last Refresh:
- Jun 27 at 1:06 pm
Property Features for 2704 Avenue Z
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2
- Parking features
- Garage
- Interior features
- Central Air - Split, Dishwasher, Dryer, Refrigerator, Stove, Terrace, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 3,180 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11899
Building Details
- Year built
- 1955
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Marble, Hardwood
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Michelle J. Zhang (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 28, 2026
MLS# 501828
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
- Brick multi‑family home built in 1955 with fully renovated interior and exterior (renovation approx. 5 years ago).
- Second floor offers a 2‑bedroom apartment with large living room, hardwood floors, and an updated eat‑in kitchen with dining area.
- Split A/C systems for heating and cooling plus a 3‑zone heating system.
- Three separate electric meters and upgraded floor systems, including reinforced floor systems during renovation.
- Roof is rubber and the property includes a one‑car garage.
- Finished level with private entrance: full bathroom, laundry area, and direct access to the backyard plus a private garden area.
Overview
This renovated brick multifamily property is arranged across multiple finished levels and includes private entrance space on the lower level. The lower area features an additional living space, a full bathroom, a dedicated laundry area, and direct access to the backyard. Outdoor space includes a maintained backyard and private garden area, and the property also offers a one-car garage.
The second floor provides a two-bedroom apartment with a large living room, hardwood floors, and an updated eat-in kitchen with a dining area. The layout includes split A/C systems for heating and cooling and includes access to outdoor space. The top floor offers a more expansive arrangement with generous bedroom accommodations, a large open living area, an eat-in kitchen, and ample closet space with a flexible floor plan.
The property underwent a comprehensive renovation approximately five years ago, including reinforced floor systems and quality construction upgrades, along with fully renovated interior and exterior components. Additional reported improvements include a newer roof, marble finishes, upgraded floor systems, abundant natural light, and high ceilings. The home is described as move-in ready and includes three separate electric meters and a 3-zone heating system, supporting separated utility metering within the multifamily configuration.
The second floor provides a two-bedroom apartment with a large living room, hardwood floors, and an updated eat-in kitchen with a dining area. The layout includes split A/C systems for heating and cooling and includes access to outdoor space. The top floor offers a more expansive arrangement with generous bedroom accommodations, a large open living area, an eat-in kitchen, and ample closet space with a flexible floor plan.
The property underwent a comprehensive renovation approximately five years ago, including reinforced floor systems and quality construction upgrades, along with fully renovated interior and exterior components. Additional reported improvements include a newer roof, marble finishes, upgraded floor systems, abundant natural light, and high ceilings. The home is described as move-in ready and includes three separate electric meters and a 3-zone heating system, supporting separated utility metering within the multifamily configuration.
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 | $162.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $159.1k | $50.03 |
| − OpEx | −$47.7k | −$15.01 |
| NOI | $111.4k | $35.02 |
3,180 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.86M
NOI $111,369 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,082 @ 7.0% cap · market cap 6.47%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,313 @ 7.0% cap · market cap 12.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.94242
- Latitude
- 40.589027
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated brick multifamily with three levels, private backyard access, updated interiors, and multiple electric meters.
Where is this duplex located?
The property is located at 2704 Avenue Z Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Brick multi‑family home built in 1955 with fully renovated interior and exterior (renovation approx. 5 years ago).; Second floor offers a 2‑bedroom apartment with large living room, hardwood floors, and an updated eat‑in kitchen with dining area.; Split A/C systems for heating and cooling plus a 3‑zone heating system.
