Renovated Two-Family Home, Sunset
629 45th Street, Brooklyn, NY 11220
MULTI_FAMILY - Brooklyn, NY
Property size:
2,960 SFLot size:
0.05 AcresPrice / SF:
$591/SF- Added:
- Mar 2, 2026
- Days on Market:
- 87
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 629 45th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 5
- Bathrooms
- 5
- Rooms
- Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 4, Bathroom 5
- Interior features
- Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,960 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10058
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Ceramic, Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Billy Apter License #BEA5721 (718) 532-2000
Listing office RE/MAX Real Estate Professiona 6423 11th Avenue, Brooklyn, NY (718) 532-2000
Listing date Mar 2, 2026
MLS# 499269
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
- Fully renovated, extra‑large (approx. 3000 sqft) solid brick 2‑family home.
- Prime Sunset Park location, convenient to shopping and transportation.
- Two separate heating and hot water units for each apartment.
- Modern kitchens feature stainless steel appliances and Caesarstone countertops.
- Enjoy the convenience of in‑unit washers and dryers.
- Large private backyard.
Overview
Located in Sunset Park, Brooklyn, this renovated two-family home features approximately 3000 square feet of living space. The solid brick structure, situated on an R6B zoned lot, includes three levels. The property contains two separate heating and hot water units, one for each apartment. Interior features include high ceilings, hardwood floors, modern kitchens equipped with stainless steel appliances and Caesarstone countertops, and in-unit washers and dryers. Exposed brick adds to the aesthetic appeal. The home offers a large private backyard and a separate front entrance to the lower level/basement area. The current layout consists of a 3-bedroom, 2-bathroom unit on the second floor, a 2-bedroom, 2-bathroom unit on the first floor, and a lower level/basement with a separate front entrance. The property is conveniently located near shopping and transportation options along 8th Avenue, 7th Avenue, and 5th Avenue.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$979.3K
NOI $88,133 @ 9.00% cap · cautious / downside scenario
Moderate
$1.26M
NOI $88,133 @ 7.00% cap · market / base-case scenario
Aggressive
$1.76M
NOI $88,133 @ 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 | $131.4k | $44.40 |
| − Vacancy | −$5.5k | −$1.86 |
| EGI | $125.9k | $42.54 |
| − OpEx | −$37.8k | −$12.76 |
| NOI | $88.1k | $29.77 |
2,960 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,133 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$1.13M
$986.7K – $1.32M
NOI $78,933 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,322 @ 7.0% cap · market cap 7.68%
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
- -74.004203
- Latitude
- 40.646254
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated two-family home in Sunset Park, close to shopping and transportation.
Where is this duplex located?
The property is located at 629 45th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully renovated, extra‑large (approx. 3000 sqft) solid brick 2‑family home.; Prime Sunset Park location, convenient to shopping and transportation.; Two separate heating and hot water units for each apartment.
