Two-Family Home in
721 E 94th Street, Brooklyn, NY 11236
MULTI_FAMILY - Brooklyn, NY
Property size:
1,872 SFLot size:
0.06 AcresPrice / SF:
$400/SF- Added:
- Nov 14, 2025
- Days on Market:
- 195
- Last Refresh:
- May 27 at 11:06 pm
Property Features for 721 E 94th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1
- Interior features
- Dishwasher, Microwave, Refrigerator, Stove
- Standard status
- Active
- Size
- 1,872 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6797
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Ceramic
- Building materials
- Brick
- Roof type
- Rubber, 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 Nov 14, 2025
MLS# 497341
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
- Delivered vacant at closing, ready for customization.
- Two spacious units, each with 2 bedrooms and 1 bathroom.
- Generous lot with private front and rear yards.
- Convenient community driveway for parking.
- Prime location near Rockaway Parkway shopping and Canarsie Pier.
- Easy access to Manhattan via the L train and multiple bus routes.
Overview
Located in Canarsie, Brooklyn, this two-family, semi-detached brick home is situated on a 28x100 lot. The property features two units, each designed with a flexible four-room layout that includes 2 bedrooms and 1 bathroom. The building has a 22x46 footprint and includes private front and rear yards, along with a community driveway for parking. The property will be delivered vacant at closing. The location provides access to the Rockaway Parkway shopping corridor, which includes Stop & Shop, BJ's Wholesale Club, local eateries, and essential services. Canarsie Pier, within the Gateway National Recreation Area, is nearby. Transportation options include access to Manhattan via the Canarsie-Rockaway Parkway L train station, as well as bus routes (B6, B17, B82) that connect to other parts of Brooklyn. This property offers a blend of Brooklyn living with a community-oriented neighborhood.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$728.5K
NOI $65,561 @ 9.00% cap · cautious / downside scenario
Moderate
$936.6K
NOI $65,561 @ 7.00% cap · market / base-case scenario
Aggressive
$1.31M
NOI $65,561 @ 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 | $95.5k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $93.7k | $50.03 |
| − OpEx | −$28.1k | −$15.01 |
| NOI | $65.6k | $35.02 |
1,872 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$936.6K
$819.5K – $1.09M
NOI $65,561 @ 7.0% cap · market cap 8.74%
Second Best
Apartment 5plus
$816.4K
$714.4K – $952.5K
NOI $57,150 @ 7.0% cap · market cap 7.62%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 14.47%
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
- -73.912408
- Latitude
- 40.650848
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming Brooklyn two-family home with investment potential.
Where is this duplex located?
The property is located at 721 E 94th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Delivered vacant at closing, ready for customization.; Two spacious units, each with 2 bedrooms and 1 bathroom.; Generous lot with private front and rear yards.
