Brooklyn Two-Family Home with
1241 98th Street Brooklyn, NY 11236
1241 98th Street, Brooklyn, NY, 11236
$850,000
Pending
For Sale
$850,000
Pending
Two-family brick home with garage, driveway, and backyard.
Property Size1,575 SF
Lot Size0.01 Acres
Days on Market556
Property Features for 1241 98th Street
General Information
- Standard status
- Pending
- Size
- 1,575 SF
- Lot size
- 0.01 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing Agency
BRP Associates Inc
(718) 713-6888
Listed by
Jean Paul Ho
(718) 713-6888
Source
Exitrealty
Added: Jan 11, 2025 Updated: Jul 6 at 12:15 pm Checked: Jul 20 at 1:51 am
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 BRP Associates Inc
Investment Insights
Based on property information with market context.
This is a two-family, semi-attached brick home located in Canarsie, Brooklyn. The property features a 4.5-room apartment over a 3.5-room apartment, with interior stairs leading to a fully rentable, finished basement that includes a laundry area. The building size is 20.33 x 45 feet, situated on a 30 x 100 foot lot. The property includes a private driveway, a garage, and a large, private, enclosed backyard, as well as a private front balcony. It is located a few minutes from the 'L' train, providing direct access to the city, as well as buses and shopping.
Key Highlights
- Two‑family brick semi‑attached home with rentable finished basement
- Private driveway and garage
- Large private enclosed backyard
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.3k | $51.00 |
| − Vacancy | −$1.5k | −$0.97 |
| EGI | $78.8k | $50.03 |
| − OpEx | −$23.6k | −$15.01 |
| NOI | $55.2k | $35.02 |
1,575 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$788.0K
$689.5K – $919.3K
NOI $55,159 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$686.9K
$601.0K – $801.4K
NOI $48,083 @ 7.0% cap · market cap 5.66%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,287 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family brick home with garage, driveway, and backyard.
Where is this duplex located?
The property is located at 1241 98th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two‑family brick semi‑attached home with rentable finished basement; Private driveway and garage; Large private enclosed backyard
