Two-Family Residential Income
1181 East 84th Street Brooklyn, NY 11236
For Sale
$970,000
Two-bedroom, one-bath apartments over two-bedroom, one-bath layout with a finished basement and private parking.
Property Size1,800 SF
Price / SF$538.89
Days on Market71
Property Features for 1181 East 84th Street
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1960
Listing Agency:
Listed New York Elite Inc
(718) 801-8492
Listed By:
Alfred Jennings
(718) 801-8492
Source:
Compass
Added: May 14
Changed: Jul 22
Last Checked: Jul 23 at 11:05AM
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 Listed New York Elite Inc
Investment Insights
Based on property information with market context.
This two-family home is configured as a two-bedroom, one-bath apartment over a two-bedroom, one-bath apartment. A finished basement adds additional usable space for a recreation room, home office, gym, media room, or storage. The property is presented as move-in ready and maintained in mint condition.
The home is located on East 84th Street in Canarsie, offering convenient access to local shopping, restaurants, supermarkets, schools, parks, and recreational facilities. Outdoor options referenced include Canarsie Park and the Jamaica Bay waterfront.
Outside, the property includes private parking for two vehicles. Public transportation access is described as including the L train, multiple bus routes, and major roadways such as the Belt Parkway.
The home is located on East 84th Street in Canarsie, offering convenient access to local shopping, restaurants, supermarkets, schools, parks, and recreational facilities. Outdoor options referenced include Canarsie Park and the Jamaica Bay waterfront.
Outside, the property includes private parking for two vehicles. Public transportation access is described as including the L train, multiple bus routes, and major roadways such as the Belt Parkway.
Key Highlights
- Two‑family home with a 2‑bedroom, 1‑bath unit over a 2‑bedroom, 1‑bath unit
- Finished full basement with walk‑out access for additional living space
- Brick construction with driveway and private parking for two vehicles
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $91.8k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $90.1k | $50.03 |
| − OpEx | −$27.0k | −$15.01 |
| NOI | $63.0k | $35.02 |
1,800 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 5.67%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 10.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-bedroom, one-bath apartments over two-bedroom, one-bath layout with a finished basement and private parking.
Where is this duplex located?
The property is located at 1181 East 84th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Two‑family home with a 2‑bedroom, 1‑bath unit over a 2‑bedroom, 1‑bath unit; Finished full basement with walk‑out access for additional living space; Brick construction with driveway and private parking for two vehicles
