Williamsburg Two-Family Home
For Sale
$1,700,000
Pending
68A Middleton Street, Brooklyn, NY 11206
Two-family home in Williamsburg with updated boiler and hot water.
Property Size1,920 SF
Days on Market563
Property Features for 68A Middleton Street
General Information
Standard status
Pending
Size
1,920 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,093
Building Details
Year Built
1901
Listing Agency:
RE/MAX Edge
Listed By:
Cynthia Mora · License #10401320699
(718) 612-3088
Source:
Exitrealty
Added: Mar 28, 2025
Changed: Oct 4
Last Checked: Oct 4 at 8:03AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This two-family home is located on Middleton Street in Williamsburg. Sold as-is, this property offers potential for a buyer looking to bring their vision to life. The home features a recently updated boiler and hot water heater, both installed approximately one year ago. The property is situated in a neighborhood with access to schools, shops, and public transportation. The backyard offers outdoor potential. The property will be delivered vacant.
Key Highlights
- Two‑family home in Williamsburg.
- Recently updated boiler and hot water heater (approximately one year old).
- Delivered vacant.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,242
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,840
$1.3M
Cap Rate 7%
$960,600
$960.6K
Cap Rate 9%
$747,133
$747.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$97.9K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.1K $50.03/SF
− OpEx
−$28.8K −$15.01/SF
NOI
$67.2K $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%
$1,344,840
Cap Rate 7%
$960,600
Cap Rate 9%
$747,133
Alternative Uses
Best Use
Multifamily LT 5
$960.6K
$840.5K – $1.12M
NOI $67,242 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$837.4K
$732.7K – $976.9K
NOI $58,616 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,283 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-family home in Williamsburg with updated boiler and hot water.
Where is this duplex located?
The property is located at 68A Middleton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑family home in Williamsburg.; Recently updated boiler and hot water heater (approximately one year old).; Delivered vacant.
