Brick Two-Family
For Sale
$1,120,000
121 Montauk Avenue, Brooklyn, NY 11208
The property combines a finished basement with a backyard and one front parking space.
Property Size2,640 SF
Price / SF$424.24
Days on Market48
Property Features for 121 Montauk Avenue
General Information
Standard status
Active
Size
2,640 SF
Total Parking Spaces
1
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,440
Amenities
backyard
Building Details
Building Size
2,640 SF
Year Built
2007
Buildings
1
Units
2
Construction
brick
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 3:43AM
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 Gail Leone
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Investment Insights
Based on property information with market context.
This 2,640 SF brick duplex, built in 2007, contains two residences. The upper duplex has three bedrooms, two full bathrooms, a living room, and a kitchen. The separate first-floor unit offers two bedrooms, a living room, dining room, kitchen, and full bathroom.
A finished basement with a separate entrance and full bathroom adds usable interior space. The property also includes a backyard and one parking space at the front. Restaurants, shopping, a gym, and other amenities are nearby in Cypress Hills, Brooklyn.
A finished basement with a separate entrance and full bathroom adds usable interior space. The property also includes a backyard and one parking space at the front. Restaurants, shopping, a gym, and other amenities are nearby in Cypress Hills, Brooklyn.
Key Highlights
- 2,640 SF brick property built in 2007
- Two residences: a three‑bedroom duplex and a two‑bedroom first‑floor unit
- Duplex includes two full bathrooms; first‑floor unit has one full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,770
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,400
$1.4M
Cap Rate 7%
$968,143
$968.1K
Cap Rate 9%
$753,000
$753.0K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$101.4K $38.40/SF
− Vacancy
−$4.6K −$1.73/SF
EGI
$96.8K $36.67/SF
− OpEx
−$29.0K −$11.00/SF
NOI
$67.8K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,355,400
Cap Rate 7%
$968,143
Cap Rate 9%
$753,000
Alternative Uses
Best Use
Multifamily LT 5
$968.1K
$847.1K – $1.13M
NOI $67,770 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$862.0K
$754.3K – $1.01M
NOI $60,343 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$1.62M
$1.41M – $1.88M
NOI $113,075 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,028
Businesses Nearby
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Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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 - The property combines a finished basement with a backyard and one front parking space.
Where is this duplex located?
The property is located at 121 Montauk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,120,000.
What are key features of this property?
This property features: 2,640 SF brick property built in 2007; Two residences: a three‑bedroom duplex and a two‑bedroom first‑floor unit; Duplex includes two full bathrooms; first‑floor unit has one full bathroom
