Renovated Duplex
For Sale
$1,100,000
626 Rockaway Parkway, Brooklyn, NY 11236
Residential, Brooklyn, NY
Property Size2,400 SF
Lot Size0.06 Acres
Price / SF$458.33
Days on Market114
Property Features for 626 Rockaway Parkway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 4, Bathroom 1
Patio and Porch features
Patio, Porch
Interior features
A/C Unit - Window, Dishwasher, Dryer, Laundry Area, Microwave, Patio Garden, Porch, Stove, Washer
Subdivision
East Flatbush
Standard status
Active
Size
2,400 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6596
Building Details
Year built
1945
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Ceramic
Building materials
Brick
Roof type
Shingle
Listing Agency:
Bergen Basin Realty LLC
(718) 763-4110
Listed By:
Tunde (Angel) Malka
(917) 468-5994
Added: Jun 15
Changed: Sep 15
Last Checked: Oct 6 at 6:06AM
MLS# 502306
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 2,400-square-foot brick duplex property contains a three-bedroom duplex with two full bathrooms and one half bathroom, positioned above a separate two-bedroom apartment. The residence was newly renovated and includes a dishwasher, microwave, stove, washer, dryer, window A/C unit, laundry area, hardwood and ceramic flooring, plus porch and patio areas. Private parking is also provided.
Built in 1945 on a 24 x 110 lot, the property is zoned R5 and located at 626 Rockaway Parkway in Brooklyn’s 11236 postal area. Brookdale Hospital Medical Center is nearby. The two-family layout supports distinct residential spaces within one building and includes modern appliance and laundry features.
Built in 1945 on a 24 x 110 lot, the property is zoned R5 and located at 626 Rockaway Parkway in Brooklyn’s 11236 postal area. Brookdale Hospital Medical Center is nearby. The two-family layout supports distinct residential spaces within one building and includes modern appliance and laundry features.
Key Highlights
- Three‑bedroom duplex over a separate two‑bedroom apartment
- 2,400 square feet on a 24 x 110 lot
- Newly renovated brick property with modern appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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 Rate 5%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 7.64%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 6.66%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,637
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family configuration combines a three-bedroom duplex with a separate two-bedroom apartment and private parking.
Where is this duplex located?
The property is located at 626 Rockaway Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑bedroom duplex over a separate two‑bedroom apartment; 2,400 square feet on a 24 x 110 lot; Newly renovated brick property with modern appliances
