Renovated Duplex with Private
For Sale
$998,000
2906 Voorhees Avenue, Brooklyn, NY 11235
Residential, Duplex, Brooklyn, NY
Property Size1,980 SF
Lot Size0.05 Acres
Price / SF$504.04
Days on Market48
Property Features for 2906 Voorhees Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 1, Bedroom 2
Patio and Porch features
Deck, Porch
Interior features
Deck, Dishwasher, Disposal, Microwave, Porch, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,980 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6131
Amenities
private backyard
finished basement
Building Details
Year built
1925
Floors in Building
2
Flooring type
Hardwood
Building materials
Wood Frame
Roof type
Rubber
Architectural style
Other
Listing Agency:
Winzone Realty Inc
Listed By:
Bin Hu Zhan
(718) 676-6611
Added: Jul 23
Changed: Sep 6
Last Checked: Sep 8 at 10:06AM
MLS# 503253
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 1,980-square-foot duplex property sits on a 0.0505-acre lot and was built in 1925. The interior includes four bedrooms, two bathrooms, a finished basement with separate entrance, hardwood flooring, recessed lighting, and updated kitchen appliances including a dishwasher, disposal, microwave, refrigerator, and stove. Wood-frame construction and a rubber roof complete the building profile.
Outdoor features include a private backyard, deck, and porch. The property is located near schools, shopping, restaurants, parks, and public transportation in Brooklyn, New York. R4 zoning applies to the property.
Outdoor features include a private backyard, deck, and porch. The property is located near schools, shopping, restaurants, parks, and public transportation in Brooklyn, New York. R4 zoning applies to the property.
Key Highlights
- 1,980‑square‑foot duplex property on a 0.0505‑acre lot
- Four bedrooms and two bathrooms
- Finished basement with separate entrance
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
$69,343
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
6.95%
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%
$1,386,860
$1.4M
Cap Rate 7%
$990,614
$990.6K
Cap Rate 9%
$770,478
$770.5K
Market Conditions
NOI Build-Up for 1,980 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
$101.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$99.1K $50.03/SF
− OpEx
−$29.7K −$15.01/SF
NOI
$69.3K $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%
$1,386,860
Cap Rate 7%
$990,614
Cap Rate 9%
$770,478
Alternative Uses
Best Use
Multifamily LT 5
$990.6K
$866.8K – $1.16M
NOI $69,343 @ 7.0% cap · market cap 6.95%
Second Best
Apartment 5plus
$863.5K
$755.6K – $1.01M
NOI $60,447 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$1.64M
$1.43M – $1.91M
NOI $114,761 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,670
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 - R4-zoned property with finished lower-level space, hardwood flooring, and outdoor deck and porch areas.
Where is this duplex located?
The property is located at 2906 Voorhees Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: 1,980‑square‑foot duplex property on a 0.0505‑acre lot; Four bedrooms and two bathrooms; Finished basement with separate entrance
