Duplex with Full
For Sale
$599,000
123 Milford Street, Brooklyn, NY 11208
Residential, Duplex, Brooklyn, NY
Property Size1,224 SF
Lot Size0.05 Acres
Price / SF$489.38
Days on Market89
Property Features for 123 Milford Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5B
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 2
Interior features
Laundry Area, Refrigerator, Stove
Basement
Full
Subdivision
East New York
Standard status
Active
Size
1,224 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
3058
Building Details
Year built
1899
Floors in Building
2
Flooring type
Laminate, Hardwood
Building materials
Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Albert Taye
(718) 612-3088
Added: Jul 30
Changed: Oct 21
Last Checked: Oct 26 at 1:06AM
MLS# 503417
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.
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Investment Insights
Based on property information with market context.
This 1,224-square-foot wood-frame duplex was built in 1899 and includes two levels of living space, a full basement, and a backyard. Interior features include laminate and hardwood flooring, a laundry area, refrigerator, and stove. The room layout includes three bedrooms and two bathrooms, with living, dining, and kitchen areas provided across the main and upper levels.
The property occupies a 0.0459-acre lot in Brooklyn’s 11208 ZIP code and is located near shopping, schools, parks, and public transportation. R5B zoning supports its residential classification. A flat roof and dedicated basement storage add to the property’s existing physical configuration.
The property occupies a 0.0459-acre lot in Brooklyn’s 11208 ZIP code and is located near shopping, schools, parks, and public transportation. R5B zoning supports its residential classification. A flat roof and dedicated basement storage add to the property’s existing physical configuration.
Key Highlights
- 1,224‑square‑foot duplex on a 0.0459‑acre lot
- Built in 1899 with wood‑frame construction
- Full basement and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,421
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$628,420
$628.4K
Cap Rate 7%
$448,871
$448.9K
Cap Rate 9%
$349,122
$349.1K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$47.0K $38.40/SF
− Vacancy
−$2.1K −$1.73/SF
EGI
$44.9K $36.67/SF
− OpEx
−$13.5K −$11.00/SF
NOI
$31.4K $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%
$628,420
Cap Rate 7%
$448,871
Cap Rate 9%
$349,122
Alternative Uses
Best Use
Multifamily LT 5
$448.9K
$392.8K – $523.7K
NOI $31,421 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$399.7K
$349.7K – $466.3K
NOI $27,977 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$748.9K
$655.3K – $873.8K
NOI $52,426 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,997
Businesses Nearby
Explore this area
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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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 - Wood-frame residential property with outdoor space, two levels of living area, and convenient access to neighborhood amenities and transit.
Where is this duplex located?
The property is located at 123 Milford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1,224‑square‑foot duplex on a 0.0459‑acre lot; Built in 1899 with wood‑frame construction; Full basement and backyard
