Three-Story Duplex with
New
For Sale
$1,150,000
1047 Dekalb Ave, Brooklyn, NY 11221
Two separate residences have different bedroom and bathroom counts, with an additional bathroom in the cellar.
Property Size2,131 SF
Lot Size0.03 Acres
Price / SF$539.65
Days on Market5
Property Features for 1047 Dekalb Ave
General Information
Standard status
Active
Size
2,131 SF
Lot size
0.03 Acres
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
renovate
Units
Unit Mix
upper: 3BR/3BA, lower: 2BR/2BA
Multifamily Units
2
Building Details
Building Size
2,131 SF
Year Built
2005
Buildings
1
Stories
3
Units
2
Construction
brick
Listing Agency:
Keller Williams NYC
Listed By:
Erin Wheelock · License #10401228614
(226) 258-0947
Source:
Elliman
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 7:16PM
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 Keller Williams NYC
Investment Insights
Based on property information with market context.
Built in 2005, this brick duplex contains two residences in a three-story building with a full below-grade cellar. The upper unit has three bedrooms and three bathrooms; the lower unit has two bedrooms and two bathrooms. An additional bathroom is located in the cellar. The property also includes a parking lot and curb cut.
The lot measures 1,242 square feet, and the stated maximum buildable area is 3,726 square feet. Walk Score is 90, Bike Score is 78, and Transit Score is 100.
The lot measures 1,242 square feet, and the stated maximum buildable area is 3,726 square feet. Walk Score is 90, Bike Score is 78, and Transit Score is 100.
Key Highlights
- Two‑family brick duplex built in 2005
- Upper residence: 3 bedrooms and 3 bathrooms; lower residence: 2 bedrooms and 2 bathrooms
- Full below‑grade cellar with an additional bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,631
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,492,620
$1.5M
Cap Rate 7%
$1,066,157
$1.1M
Cap Rate 9%
$829,233
$829.2K
Market Conditions
NOI Build-Up for 2,131 SF
Gross rent
$108.7K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$106.6K $50.03/SF
− OpEx
−$32.0K −$15.01/SF
NOI
$74.6K $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%
$1,492,620
Cap Rate 7%
$1,066,157
Cap Rate 9%
$829,233
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$932.9K – $1.24M
NOI $74,631 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$929.4K
$813.2K – $1.08M
NOI $65,057 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,513 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
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 - Two separate residences have different bedroom and bathroom counts, with an additional bathroom in the cellar.
Where is this duplex located?
The property is located at 1047 Dekalb Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 2005; Upper residence: 3 bedrooms and 3 bathrooms; lower residence: 2 bedrooms and 2 bathrooms; Full below‑grade cellar with an additional bathroom
