Two-Family Duplex with Separate
New
For Sale
$979,989
1122 Essex Street, Brooklyn, NY 11239
Residential, Brooklyn, NY
Property Size2,460 SF
Lot Size0.04 Acres
Price / SF$398.37
Days on Market2
Property Features for 1122 Essex Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Interior features
A/C Unit - Wall, Dishwasher, Laundry Area, Refrigerator, Stove
Basement
Crawl Space
Subdivision
East New York
Standard status
Active
Size
2,460 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
5417
Amenities
large fenced paved yard and patio with raised planters
community-drive parking
gas heat
wall A/C
laundry
Building Details
Year built
2008
Floors in Building
3
Flooring type
Hardwood, Stone, Ceramic
Building materials
Wood Frame
Roof type
Flat
Listing Agency:
RE/MAX Elite
Listed By:
Peter DeStefano
(718) 690-3900
Added: Oct 5
Last Checked: Oct 6 at 12:06AM
MLS# 505086
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.
Built in 2008, this two-family residence has a 3-bedroom, 2-bathroom owner’s duplex with interior stairs and a separate full-floor apartment with 2 bedrooms and 1 bathroom. Interior features include hardwood, stone and ceramic flooring, wall air conditioning, gas heat, and a laundry area. The kitchen is equipped with a dishwasher, refrigerator and stove.
Outdoor features include a fenced, paved yard with a patio and raised planters. Parking is available on a community drive. The property is zoned R6 and occupies a 0.043-acre lot.
Outdoor features include a fenced, paved yard with a patio and raised planters. Parking is available on a community drive. The property is zoned R6 and occupies a 0.043-acre lot.
Key Highlights
- Two‑family layout: owner’s duplex with 3 bedrooms and 2 bathrooms, plus a separate 2‑bedroom, 1‑bathroom apartment
- 0.043‑acre lot
- Built in 2008
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,153
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,723,060
$1.7M
Cap Rate 7%
$1,230,757
$1.2M
Cap Rate 9%
$957,256
$957.3K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$125.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$123.1K $50.03/SF
− OpEx
−$36.9K −$15.01/SF
NOI
$86.2K $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%
$1,723,060
Cap Rate 7%
$1,230,757
Cap Rate 9%
$957,256
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,153 @ 7.0% cap · market cap 8.79%
Second Best
Apartment 5plus
$1.07M
$938.8K – $1.25M
NOI $75,101 @ 7.0% cap · market cap 7.66%
Theoretical Best
Specialty Retail
$2.04M
$1.78M – $2.38M
NOI $142,582 @ 7.0% cap · market cap 14.55%
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
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 11239, NY
17,038
Population
8,883
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
87%
High-School Grad
1.7 sq mi
ZIP Area
10,022
Density / Sq Mi
$35,675
Median Household Income
$46,596
Median Earnings
$1,016
Median Rent
$580,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R6-zoned residence combines an owner’s duplex with a separate apartment and shared-drive parking.
Where is this duplex located?
The property is located at 1122 Essex Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $979,989.
What are key features of this property?
This property features: Two‑family layout: owner’s duplex with 3 bedrooms and 2 bathrooms, plus a separate 2‑bedroom, 1‑bathroom apartment; 0.043‑acre lot; Built in 2008
