Detached Brick Duplex with
For Sale
$1,599,000
8426 23rd Avenue, Brooklyn, NY 11214
Residential, Brooklyn, NY
Property Size3,480 SF
Lot Size0.08 Acres
Price / SF$459.48
Days on Market160
Property Features for 8426 23rd Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Garage
Interior features
Central Air
Basement
Full, Finished
Subdivision
Bensonhurst
Standard status
Active
Size
3,480 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
7166
Amenities
private balcony
jacuzzi massage tub
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Added: May 2
Changed: Sep 16
Last Checked: Oct 8 at 8:06PM
MLS# 501084
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 3,480-square-foot detached brick duplex on a 0.0799-acre lot was built in 1920 and renovated approximately 15 years ago. The property is currently arranged as a single-family residence, with a first-floor living room, bedroom, kitchen, full bathroom, and access to a finished lower level. Upstairs are a primary suite with walk-in closet, en-suite bathroom, oversized balcony, and a second bedroom with its own bathroom and balcony. Hardwood and tile flooring, central air, a jacuzzi massage tub, and a separate shower are included.
Separate heating and hot water systems, two gas meters, and two electric meters support flexible future configuration. Exterior features include a private driveway and built-in garage with parking for up to 5 vehicles. The property is minutes from 86th Street and offers access to shopping, restaurants, banks, schools, and the D subway line.
Separate heating and hot water systems, two gas meters, and two electric meters support flexible future configuration. Exterior features include a private driveway and built-in garage with parking for up to 5 vehicles. The property is minutes from 86th Street and offers access to shopping, restaurants, banks, schools, and the D subway line.
Key Highlights
- 3,480 SF detached brick duplex on a 0.0799‑acre lot
- Renovated approximately 15 years ago; built in 1920
- Private driveway and built‑in garage with parking for up to 5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,916
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,898,320
$1.9M
Cap Rate 7%
$1,355,943
$1.4M
Cap Rate 9%
$1,054,622
$1.1M
Market Conditions
NOI Build-Up for 3,480 SF
Gross rent
$142.0K $40.80/SF
− Vacancy
−$6.4K −$1.84/SF
EGI
$135.6K $38.96/SF
− OpEx
−$40.7K −$11.69/SF
NOI
$94.9K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,898,320
Cap Rate 7%
$1,355,943
Cap Rate 9%
$1,054,622
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.58M
NOI $94,916 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,067 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.03M
$1.78M – $2.37M
NOI $142,104 @ 7.0% cap · market cap 8.89%
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
3,812
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Renovated two-level residence offers private balconies, separate utility systems, and parking for up to five vehicles.
Where is this duplex located?
The property is located at 8426 23rd Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 3,480 SF detached brick duplex on a 0.0799‑acre lot; Renovated approximately 15 years ago; built in 1920; Private driveway and built‑in garage with parking for up to 5 vehicles
