Brooklyn Two-Family Home with
480 84th Street, Brooklyn, NY 11209
MULTI_FAMILY - Brooklyn, NY
Property size:
2,520 SFLot size:
0.06 AcresPrice / SF:
$654/SF- Added:
- Dec 14, 2024
- Days on Market:
- 525
- Last Refresh:
- May 23 at 12:06 pm
Property Features for 480 84th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4-1
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 4
- Interior features
- Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,520 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11769
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile
- Roof type
- Flat
Listing agent Hang (Tyler) Chen (917) 708-9966
Listing office Tiger Realty 1484 86th Street, Brooklyn, NY (917) 708-9966
Listing date Dec 14, 2024
MLS# 488072
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
- Delivery Vacant
- Two‑family semi‑detached house
- High rental income potential: $3,500/month (1st floor) + $2,500/month (2nd floor)
- Private driveway
- Finished basement
- Convenient location near transportation, shopping, schools, and parks
Overview
This semi-detached two-family home is situated on a 28 x 100 lot, featuring a building size of 20 x 60. The first floor offers 4 bedrooms and 1 bath, with a rental income of $3,500 per month. The second floor includes 3 bedrooms and 1 bath, generating $2,500 per month. The property also has a finished basement. Located in Brooklyn, NY, the property benefits from a highly convenient location near transportation, shopping, schools, and parks. The building has a commercial overlay and will be delivered vacant. The property size is 2,520 square feet and the lot size is 0.0643 acres. It is zoned R4-1.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$980.6K
NOI $88,255 @ 9.00% cap · cautious / downside scenario
Moderate
$1.26M
NOI $88,255 @ 7.00% cap · market / base-case scenario
Aggressive
$1.77M
NOI $88,255 @ 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 | $128.5k | $51.00 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $126.1k | $50.03 |
| − OpEx | −$37.8k | −$15.01 |
| NOI | $88.3k | $35.02 |
2,520 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,255 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$1.10M
$961.7K – $1.28M
NOI $76,933 @ 7.0% cap · market cap 4.66%
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.43M
NOI $146,059 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Brooklyn Carpet
Upholstery Cleaning Service
Difazio Industries Inc.
Industrial Manufacturer
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -74.025849
- Latitude
- 40.622917
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Semi-detached two-family home in prime Brooklyn location.
Where is this duplex located?
The property is located at 480 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Delivery Vacant; Two‑family semi‑detached house; High rental income potential: $3,500/month (1st floor) + $2,500/month (2nd floor)
