Sheepshead Bay Two-Family
2739 Brown Street Brooklyn, NY 11235
For Sale
$1,050,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,052 SF
Lot Size0.04 Acres
Price / SF$511.70
Days on Market137
Property Features for 2739 Brown Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R3-2
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
- Interior features
- Refrigerator, Stove
- Basement
- Crawl Space
- Standard status
- Active
- Size
- 2,052 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 8046
Building Details
- Year built
- 1955
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Carpet, Marble
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Mei Hua (Michelle) Dong · License #10401364256
(718) 612-3088
Added: Mar 12
Changed: Jun 11
Last Checked: Jul 26 at 5:06AM
MLS# 499452
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.
Located in the Sheepshead Bay neighborhood, this three-story two-family home offers an opportunity for both end users and investors. The property is configured with a 1-bedroom, 1-bath apartment on the first floor, and a duplex on the second and third floors featuring 3 bedrooms and 1.5 baths. The property includes a crawl-space cellar for storage. Situated near local shopping, restaurants, and Emmons Avenue waterfront, the location provides access to the B and Q subway lines, multiple bus routes, and the Belt Parkway. The lot size is 0.0434 acres. The property size is 2052 square feet. The zoning is R3-2.
Key Highlights
- Brick 3‑story two‑family home built in 1955
- 1‑bedroom, 1‑bath apartment on the first floor
- Second and third floors offer a duplex with 3 bedrooms and 1.5 baths
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 | $104.7k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $102.7k | $50.03 |
| − OpEx | −$30.8k | −$15.01 |
| NOI | $71.9k | $35.02 |
2,052 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.03M
$898.3K – $1.20M
NOI $71,865 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$894.9K
$783.1K – $1.04M
NOI $62,645 @ 7.0% cap · market cap 5.97%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,934 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family home in Sheepshead Bay near transportation and amenities.
Where is this duplex located?
The property is located at 2739 Brown Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Brick 3‑story two‑family home built in 1955; 1‑bedroom, 1‑bath apartment on the first floor; Second and third floors offer a duplex with 3 bedrooms and 1.5 baths
