Brooklyn Two-Family Home with
1211 E 48th Street, Brooklyn, NY 11234
New
MULTI_FAMILY - Brooklyn, NY
Property size:
1,840 SFLot size:
0.06 AcresPrice / SF:
$516/SF- Added:
- May 11, 2026
- Days on Market:
- 5
- Last Refresh:
- May 15 at 4:06 pm
Property Features for 1211 E 48th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4
- Parking features
- Garage - Detached
- Patio and Porch features
- Porch
- Interior features
- A/C Unit - Wall, Dishwasher, Dryer, Laundry Area, Porch, Refrigerator, Stove, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 1,840 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6773
Building Details
- Year built
- 1940
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
Listing agent Yu-Fen (Madeline) Chiu (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 11, 2026
MLS# 501222
Listing URL
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Detached Two‑Family Home with Income Potential
- Private Driveway and Two‑Car Garage
- Spacious Layout with Flexible Walk‑In Lower Level
- Excellent Move‑In Condition with Original Details
- Backyard and Outdoor Terrace for Entertaining
- Convenient Location Near Transportation, Shopping, and Amenities
Overview
Located near Kings Highway and East 48th Street in Brooklyn, this detached two-family home is situated on a quiet, tree-lined residential block. The property features a bright front sunroom suitable for a home office or reading area. The formal living and dining room include original plaster accents, high ceilings, hardwood flooring, and solid wood wainscoting. The sun-filled kitchen provides ample cabinet storage and direct access to the backyard and outdoor terrace. A half bathroom and laundry room are located on the first floor. The second floor offers three bedrooms with ample closet space, and a full bathroom with a bathtub and standing shower. The walk-in lower level has separate front and rear entrances and flexible living areas suitable for a family room, recreation area, gym, guest suite, or home office. This level also includes storage areas, a laundry room, a boiler room, and an updated full bathroom. Situated on a 25x100 lot, the property includes a private driveway, a two-car garage, and a backyard. The property is conveniently located close to shopping, restaurants, schools, parks, and everyday amenities, with transportation options including the B41, B46, BM1, and BM2 express buses to Manhattan. The property size is 1840 square feet, and the lot size is 0.0574 acres. The zoning is R4.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$716.0K
NOI $64,440 @ 9.00% cap · cautious / downside scenario
Moderate
$920.6K
NOI $64,440 @ 7.00% cap · market / base-case scenario
Aggressive
$1.29M
NOI $64,440 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $93.8k | $51.00 |
| − Vacancy | −$1.8k | −$0.97 |
| EGI | $92.1k | $50.03 |
| − OpEx | −$27.6k | −$15.01 |
| NOI | $64.4k | $35.02 |
1,840 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$920.6K
$805.5K – $1.07M
NOI $64,440 @ 7.0% cap · market cap 6.78%
Second Best
Apartment 5plus
$802.5K
$702.2K – $936.2K
NOI $56,173 @ 7.0% cap · market cap 5.91%
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.78M
NOI $106,646 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.929891
- Latitude
- 40.631577
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with private driveway and two-car garage.
Where is this duplex located?
The property is located at 1211 E 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Detached Two‑Family Home with Income Potential; Private Driveway and Two‑Car Garage; Spacious Layout with Flexible Walk‑In Lower Level
