Dyker Heights Corner
For Sale
$1,788,888
Pending
1201 Ovington Avenue, Brooklyn, NY 11219
Two-family brick duplex in the heart of Dyker Heights.
Property Size2,300 SF
Days on Market655
Property Features for 1201 Ovington Avenue
General Information
Standard status
Pending
Size
2,300 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,382
Building Details
Year Built
1940
Listing Agency:
Exit Realty Top Properties
(718) 256-4000
Listed By:
Thomas D'Alcamo Jr
(718) 269-4598
Source:
Exitrealty
Added: Jan 12, 2025
Changed: Oct 25
Last Checked: Oct 19 at 4:25AM
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 Exit Realty Top Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in the heart of Dyker Heights, this semi-detached, all-brick corner property features a unique layout. The property is a two-family duplex with a finished basement and two parking spots. It will be delivered vacant.
Key Highlights
- Corner property in Dyker Heights
- Two‑family semi‑detached brick house
- Benefit from two parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,422
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,440
$1.3M
Cap Rate 7%
$948,886
$948.9K
Cap Rate 9%
$738,022
$738.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$99.4K $43.20/SF
− Vacancy
−$4.5K −$1.94/SF
EGI
$94.9K $41.26/SF
− OpEx
−$28.5K −$12.38/SF
NOI
$66.4K $28.88/SF
Area
ZIP 11219
Vacancy
4.50%
Lease Rate
$43.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,328,440
Cap Rate 7%
$948,886
Cap Rate 9%
$738,022
Alternative Uses
Best Use
Multifamily LT 5
$948.9K
$830.3K – $1.11M
NOI $66,422 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$851.8K
$745.3K – $993.7K
NOI $59,624 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,372 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,829
Businesses Nearby
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Business Placement
Demographics for 11219, NY
103,447
Population
27,973
Households
3.7
Avg Household Size
27
Median Age
21%
College-Educated
70%
High-School Grad
1.5 sq mi
ZIP Area
68,965
Density / Sq Mi
$55,685
Median Household Income
$30,647
Median Earnings
$1,678
Median Rent
$1,086,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick duplex in the heart of Dyker Heights.
Where is this duplex located?
The property is located at 1201 Ovington Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,788,888.
What are key features of this property?
This property features: Corner property in Dyker Heights; Two‑family semi‑detached brick house; Benefit from two parking spots
