Duplex Residential Income
For Sale
$999,000
1122 Lafayette Avenue 4C, Brooklyn, NY 11221
A two-bedroom layout separates upstairs sleeping areas from the main living space and opens to substantial private outdoor areas.
Property Size957 SF
Price / SF$1,043
Days on Market12
Property Features for 1122 Lafayette Avenue 4C
General Information
Standard status
Active
Size
957 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,768
Amenities
video intercom system
landscaped common garden
bike storage
shared roof deck
in-unit washer/dryer
custom pergola
ductless heating and cooling
Building Details
Building Size
957 SF
Year Built
2020
Listing Agency:
Compass
Listed By:
EUGENE LITVAK
(347) 254-5606
Source:
Miradorrealestate
Added: Sep 24
Changed: Sep 26
Last Checked: Oct 4 at 4:16PM
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 Compass
Investment Insights
Based on property information with market context.
This 2020-built duplex residence contains 957 square feet, with two bedrooms and two full bathrooms plus a powder room. The upper level is devoted to the bedrooms, creating separation from the living area. Interior details include European oak flooring, a Leicht kitchen, Pella double-glazed casement windows, ductless heating and cooling, and an in-unit washer and dryer. The private outdoor area totals 898 square feet and includes a custom pergola.
Building amenities include a landscaped shared garden, bicycle storage, video intercom, and a common roof deck. The home is less than 500 feet from the JMZ, with neighborhood restaurants, cafés, and nightlife nearby.
Building amenities include a landscaped shared garden, bicycle storage, video intercom, and a common roof deck. The home is less than 500 feet from the JMZ, with neighborhood restaurants, cafés, and nightlife nearby.
Key Highlights
- 957‑square‑foot duplex with two bedrooms, two full bathrooms, and a powder room
- 898 square feet of private outdoor space with a custom pergola
- 2020 construction with European oak floors and a Leicht kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,216
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,320
$584.3K
Cap Rate 7%
$417,371
$417.4K
Cap Rate 9%
$324,622
$324.6K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$54.2K $56.64/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$53.1K $55.51/SF
− OpEx
−$23.9K −$24.98/SF
NOI
$29.2K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$584,320
Cap Rate 7%
$417,371
Cap Rate 9%
$324,622
Alternative Uses
Best Use
Apartment 5plus
$417.4K
$365.2K – $486.9K
NOI $29,216 @ 7.0% cap · market cap 2.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$792.4K
$693.4K – $924.5K
NOI $55,468 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,584
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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Frequently Asked Questions
What type of property is this?
Residential income property - A two-bedroom layout separates upstairs sleeping areas from the main living space and opens to substantial private outdoor areas.
Where is this residential income property located?
The property is located at 1122 Lafayette Avenue 4C 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: 957‑square‑foot duplex with two bedrooms, two full bathrooms, and a powder room; 898 square feet of private outdoor space with a custom pergola; 2020 construction with European oak floors and a Leicht kitchen
