Brooklyn Multi-Family Home with
364 Evergreen Avenue, Brooklyn, NY 11221
MULTI_FAMILY - Brooklyn, NY
Property size:
2,500 SFLot size:
0.04 AcresPrice / SF:
$559/SF- Added:
- Apr 30, 2026
- Days on Market:
- 29
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 364 Evergreen Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bedroom 2, Bedroom 5, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
- Interior features
- Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Terrace, Washer
- Basement
- Finished, Full
- Standard status
- Active
- Size
- 2,500 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5092
Building Details
- Year built
- 1901
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Block
- Roof type
- Flat
Listing agent Patrick S. Lennon License #10401351898 (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 30, 2026
MLS# 500861
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
- Two separate units with private entrances and fully separated utilities offer flexibility.
- Expansive, full‑size roof deck provides a unique outdoor space for entertaining and enjoying Brooklyn views.
- Prime location in a vibrant and rapidly growing Brooklyn neighborhood.
- Spacious 3‑bedroom unit includes a dedicated private office and en‑suite bathroom, ideal for work‑from‑home.
- Finished basement in the 2‑bedroom unit provides valuable extra space.
- R6 zoning provides potential for future expansion or redevelopment.
Overview
Located in Brooklyn, this multi-family home offers over 2,500 square feet of living space on a 20x80 lot. The property features two separate units, each with private entrances and utilities. The first unit is a 2-bedroom residence with a living room and kitchen combination, plus a full bathroom. It also includes a finished basement with an additional room. The second unit has a 3-bedroom layout with a living room, eat-in kitchen, and a private office. This unit extends to an upper-level suite with a private bedroom, en-suite full bathroom, and access to a roof deck. The roof deck spans the footprint of the home. There are four full bathrooms and updated renovations throughout. The property is located within R6 zoning, providing potential for future expansion or redevelopment. It is located near local shops, restaurants, and public transportation. The first unit benefits from access to a fully finished basement, complete with an additional room, providing valuable extra space ideal for recreation, storage, or home office. The second unit offers a spacious 3-bedroom layout with a living room, eat-in kitchen, and a dedicated private office-perfect for today's work-from-home lifestyle.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$972.8K
NOI $87,554 @ 9.00% cap · cautious / downside scenario
Moderate
$1.25M
NOI $87,554 @ 7.00% cap · market / base-case scenario
Aggressive
$1.75M
NOI $87,554 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $125.1k | $50.03 |
| − OpEx | −$37.5k | −$15.01 |
| NOI | $87.6k | $35.02 |
2,500 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 10.36%
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
- -73.924107
- Latitude
- 40.694114
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Spacious multi-family home in prime Brooklyn location.
Where is this duplex located?
The property is located at 364 Evergreen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two separate units with private entrances and fully separated utilities offer flexibility.; **Expansive, full‑size roof deck provides a unique outdoor space** for entertaining and enjoying Brooklyn views.; Prime location in a vibrant and rapidly growing Brooklyn neighborhood.
