Brick Two-Unit Residential
For Sale
$899,999
Pending
387 Ashford Street, Brooklyn, NY 11207
MULTI_FAMILY - Brooklyn, NY
Property Size2,000 SF
Lot Size0.04 Acres
Days on Market237
Property Features for 387 Ashford Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1, Basement, Bathroom 2, Bedroom 2, Bedroom 1
Parking features
On Street
Basement
Full, Finished
Elementary school
Academy Of Arts And Letters
Middle school
Dock Street School For Steam Studies
High school
Bedford Academy High School
Elementary school district
Brooklyn 13
Middle school district
Brooklyn 13
High school district
Brooklyn 13
Directions
Google maps / Waze
Standard status
Pending
APN
04016-0009
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2062
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Window Unit(s), Wall/Window Unit(s)
Water source
Public
Building Details
Year built
1901
Number of units
2
Building materials
Brick
Listing Agency:
Fave Realty Inc
(516) 519-8049
Listed By:
Kenneth Mungin
(718) 269-9678
Added: Dec 11, 2025
Changed: Aug 2
Last Checked: Aug 5 at 2:06PM
MLS# 943529
Copyright © 2026 OneKey MLS. 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 brick two-unit residential duplex is built as a two-story structure and features a total of approximately 2,000 sq. ft. across two residential units. The home is set on an approximately 1,800 sq. ft. lot and includes two bathrooms and a basement, with bedrooms listed for Bedroom 1 and Bedroom 2 plus additional bedroom spaces (Bedroom 3, Bedroom 4, and Bedroom 5). Heating is provided by natural gas, and cooling is available via window and wall/window units.
The property includes on-street parking and is served by public water and public sewer, with natural gas available. The home was built in 1901.
For buyers seeking a straightforward two-family setup, the layout supports an owner-occupant scenario while also providing the option to rent the second unit.
The property includes on-street parking and is served by public water and public sewer, with natural gas available. The home was built in 1901.
For buyers seeking a straightforward two-family setup, the layout supports an owner-occupant scenario while also providing the option to rent the second unit.
Key Highlights
- Two residential units in a two‑story duplex
- Approximately 2,000 sq. ft. total building size
- Approximately 1,800 sq. ft. lot size
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 | $102.0k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $100.1k | $50.03 |
| − OpEx | −$30.0k | −$15.01 |
| NOI | $70.0k | $35.02 |
2,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 6.78%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Brick two-family duplex with natural gas heat, public water and sewer, and on-street parking in Brooklyn.
Where is this duplex located?
The property is located at 387 Ashford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Two residential units in a two‑story duplex; Approximately 2,000 sq. ft. total building size; Approximately 1,800 sq. ft. lot size
