Three-Story Duplex
11 Dewey Place, Brooklyn, NY 11233
For Sale
New
$999,000
Currently arranged as a single-family residence, the property retains the potential to return to a two-family layout.
Property Size1,575 SF
Price / SF$634.29
Days on Market7
Property Features for 11 Dewey Place
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private backyard
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Compass
Listed By:
Hope McGrath
(917) 747-9751
Source:
Howardhannanyc
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 10 at 5:19PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1910, this three-story duplex townhouse is presently arranged as a single-family home. The garden level combines an open kitchen with living and dining areas, and opens to a private backyard. The upper floors contain three bedrooms, two full bathrooms, an office nook, and a skylit staircase. Original hardwood floors and large windows are among the home's existing interior features.
The property is in the Ocean Hill section of Bedford-Stuyvesant, on a residential block. Neighborhood cafes, restaurants, bars, and local businesses are part of the surrounding area, and public transportation provides access to the broader city.
The property is in the Ocean Hill section of Bedford-Stuyvesant, on a residential block. Neighborhood cafes, restaurants, bars, and local businesses are part of the surrounding area, and public transportation provides access to the broader city.
Key Highlights
- Three‑story duplex townhouse built in 1910
- Currently configured as a single‑family residence, with potential to restore the two‑family layout
- Three bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,159
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,180
$1.1M
Cap Rate 7%
$787,986
$788.0K
Cap Rate 9%
$612,878
$612.9K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$80.3K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$78.8K $50.03/SF
− OpEx
−$23.6K −$15.01/SF
NOI
$55.2K $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%
$1,103,180
Cap Rate 7%
$787,986
Cap Rate 9%
$612,878
Alternative Uses
Best Use
Multifamily LT 5
$788.0K
$689.5K – $919.3K
NOI $55,159 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$686.9K
$601.0K – $801.4K
NOI $48,083 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,287 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,500
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
$1,013,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Currently arranged as a single-family residence, the property retains the potential to return to a two-family layout.
Where is this duplex located?
The property is located at 11 Dewey Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑story duplex townhouse built in 1910; Currently configured as a single‑family residence, with potential to restore the two‑family layout; Three bedrooms and two full bathrooms
