Brick Two-Family Property with
New
For Sale
$2,649,000
1201 E 10th St, Brooklyn, NY 11230
Two residential units have independent front entrances, with a full basement offering separate access.
Property Size2,280 SF
Lot Size0.05 Acres
Price / SF$1,161
Days on Market4
Property Features for 1201 E 10th St
General Information
Standard status
Active
Size
2,280 SF
Total Parking Spaces
2
Lot size
0.05 Acres
Property subtype
Multi Family
Zoning
R5-OP
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,826
Amenities
split unit AC
courtyard
true sauna with attached bath in basement
Building Details
Building Size
2,280 SF
Year Built
1930
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Terry Franco
(718) 676-1755
Source:
Elliman
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 1:19PM
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 Brooklyn Residential R E Serv
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Investment Insights
Based on property information with market context.
This detached brick duplex contains two residential units, with separate front entrances for the first- and second-floor apartments. The reported layout is 3 bedrooms and 2 bedrooms. A full basement has its own entrance and side egress, and includes a sauna with an attached bath. Split-unit air conditioning serves the property; outdoor features include a courtyard, private drive, and two-car garage.
The 23-by-100-foot lot accommodates a 20-by-57-foot building. The property is zoned R5-OP, with a reported FAR of .99/1.25 and 2,875 buildable square feet. It was built in 1930. WalkScore is 93, BikeScore is 68, and TransitScore is 93.
The 23-by-100-foot lot accommodates a 20-by-57-foot building. The property is zoned R5-OP, with a reported FAR of .99/1.25 and 2,875 buildable square feet. It was built in 1930. WalkScore is 93, BikeScore is 68, and TransitScore is 93.
Key Highlights
- Detached brick building with two residential units
- Separate front entrances for the first- and second‑floor units
- Full basement with separate entrance, side egress, and sauna with attached bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,849
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,596,980
$1.6M
Cap Rate 7%
$1,140,700
$1.1M
Cap Rate 9%
$887,211
$887.2K
Market Conditions
NOI Build-Up for 2,280 SF
Gross rent
$116.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.1K $50.03/SF
− OpEx
−$34.2K −$15.01/SF
NOI
$79.8K $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%
$1,596,980
Cap Rate 7%
$1,140,700
Cap Rate 9%
$887,211
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$998.1K – $1.33M
NOI $79,849 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$994.4K
$870.1K – $1.16M
NOI $69,606 @ 7.0% cap · market cap 2.63%
Theoretical Best
Specialty Retail
$1.89M
$1.65M – $2.20M
NOI $132,149 @ 7.0% cap · market cap 4.99%
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
4,346
Businesses Nearby
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Business Placement
Demographics for 11230, NY
91,391
Population
34,269
Households
2.7
Avg Household Size
35
Median Age
44%
College-Educated
82%
High-School Grad
1.8 sq mi
ZIP Area
50,773
Density / Sq Mi
$69,522
Median Household Income
$43,135
Median Earnings
$1,734
Median Rent
$863,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units have independent front entrances, with a full basement offering separate access.
Where is this duplex located?
The property is located at 1201 E 10th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,649,000.
What are key features of this property?
This property features: Detached brick building with two residential units; Separate front entrances for the first- and second‑floor units; Full basement with separate entrance, side egress, and sauna with attached bath
