Brick Duplex With Private
For Sale
$1,250,000
Pending
10 ROOSEVELT Place, Brooklyn, NY 11233
Two residential units offer flexible owner occupancy with supplemental rental income potential.
Property Size1,984 SF
Lot Size0.04 Acres
Days on Market70
Property Features for 10 ROOSEVELT Place
General Information
Standard status
Pending
Size
1,984 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Zoning
R5
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,252
Amenities
washer/dryer
private backyard
finished rec room
Building Details
Building Size
1,984 SF
Year Built
1899
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Decode Real Estate
Listed By:
Sean Adu-Gyamfi
(646) 527-1436
Source:
Miradorrealestate
Added: Aug 10
Changed: Oct 10
Last Checked: Oct 16 at 5:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Decode Real Estate
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Investment Insights
Based on property information with market context.
This two-unit brick townhouse includes a 1,984-square-foot residence arranged as an owner’s triplex and a separate two-bedroom apartment. The triplex spans the parlor, garden, and cellar levels, with three bedrooms, 2.5 bathrooms, a finished rec room, and direct access to a 57.5-foot backyard. Interior features include solid oak flooring, exposed brick, and an open kitchen with granite counters, oak cabinetry, a breakfast bar, and backyard access. A washer and dryer are located in the basement, and the second unit also includes its own laundry equipment.
Built in 1899, the property occupies a 17-foot by 98-foot lot with a 16.25-foot by 40-foot building footprint. It is zoned R5 and contains two residential units. The home is three blocks from the A and C trains at Rockaway Avenue, with additional subway and bus service nearby, including the J, Z, 3, and 4 trains and the B7, B25, and B60 routes.
Built in 1899, the property occupies a 17-foot by 98-foot lot with a 16.25-foot by 40-foot building footprint. It is zoned R5 and contains two residential units. The home is three blocks from the A and C trains at Rockaway Avenue, with additional subway and bus service nearby, including the J, Z, 3, and 4 trains and the B7, B25, and B60 routes.
Key Highlights
- Two‑unit brick townhouse with an owner’s triplex and separate two‑bedroom apartment
- 1,984 square feet plus a finished rec room
- 57.5‑foot backyard with private access from the triplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,483
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,660
$1.4M
Cap Rate 7%
$992,614
$992.6K
Cap Rate 9%
$772,033
$772.0K
Market Conditions
NOI Build-Up for 1,984 SF
Gross rent
$101.2K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$99.3K $50.03/SF
− OpEx
−$29.8K −$15.01/SF
NOI
$69.5K $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%
$1,389,660
Cap Rate 7%
$992,614
Cap Rate 9%
$772,033
Alternative Uses
Best Use
Multifamily LT 5
$992.6K
$868.5K – $1.16M
NOI $69,483 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$865.3K
$757.1K – $1.01M
NOI $60,569 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$1.64M
$1.44M – $1.92M
NOI $114,993 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,919
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible owner occupancy with supplemental rental income potential.
Where is this duplex located?
The property is located at 10 ROOSEVELT Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two‑unit brick townhouse with an owner’s triplex and separate two‑bedroom apartment; 1,984 square feet plus a finished rec room; 57.5‑foot backyard with private access from the triplex
