Two-Family Brick
New
For Sale
$1,155,000
1016 Avenue X, Brooklyn, NY 11235
The apartments offer one- and two-bedroom layouts, complemented by a finished lower-level space with its own entrance.
Property Size2,580 SF
Days on Market3
Property Features for 1016 Avenue X
General Information
Standard status
Active
Size
2,580 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,651
Amenities
private backyard
sheds
BBQ space
Building Details
Building Size
2,580 SF
Year Built
1930
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Ben Bay Realty Co
Listed By:
Antoinette Oddo
(718) 680-6442
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 11 at 6:44AM
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 Ben Bay Realty Co
Investment Insights
Based on property information with market context.
This attached brick two-family home is 20’ wide and contains a one-bedroom apartment on the first floor and a two-bedroom unit above. A finished walk-in level has a separate entrance and may accommodate additional bedrooms. The property also has three full bathrooms, gas heat, ample closet storage, and a private backyard with sheds for tools or equipment.
Coney Island Avenue, shopping, dining, and transportation are nearby. The property has a bike score of 69, a walk score of 94, and a transit score of 78.
Coney Island Avenue, shopping, dining, and transportation are nearby. The property has a bike score of 69, a walk score of 94, and a transit score of 78.
Key Highlights
- Two apartments: 1BR on the first floor and 2BR on the second floor
- Attached brick home measures 20’ wide
- Finished walk‑in level with separate entrance and potential for additional bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,356
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,807,120
$1.8M
Cap Rate 7%
$1,290,800
$1.3M
Cap Rate 9%
$1,003,956
$1.0M
Market Conditions
NOI Build-Up for 2,580 SF
Gross rent
$131.6K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$129.1K $50.03/SF
− OpEx
−$38.7K −$15.01/SF
NOI
$90.4K $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%
$1,807,120
Cap Rate 7%
$1,290,800
Cap Rate 9%
$1,003,956
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,356 @ 7.0% cap · market cap 7.82%
Second Best
Apartment 5plus
$1.13M
$984.6K – $1.31M
NOI $78,765 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,537 @ 7.0% cap · market cap 12.95%
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
5,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - The apartments offer one- and two-bedroom layouts, complemented by a finished lower-level space with its own entrance.
Where is this duplex located?
The property is located at 1016 Avenue X Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,155,000.
What are key features of this property?
This property features: Two apartments: 1BR on the first floor and 2BR on the second floor; Attached brick home measures 20’ wide; Finished walk‑in level with separate entrance and potential for additional bedrooms
