Sheepshead Bay Duplex with
2022 Ford Street Brooklyn, NY 11229
2022 Ford Street, Brooklyn, NY, 11229
$718,000
Pending
For Sale
$718,000
Pending
3-bedroom duplex in Sheepshead Bay with unfinished basement.
Property Size1,224 SF
Lot Size0.04 Acres
Days on Market647
Property Features for 2022 Ford Street
General Information
- Standard status
- Pending
- Size
- 1,224 SF
- Lot size
- 0.04 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agency
BHHS Fillmore R.E.
(718) 377-6161
Listed by
Lucy Ciocia
(718) 377-6161
Source
Exitrealty
Added: Oct 14, 2024 Updated: Jul 6 at 12:17PM Checked: Jul 21 at 5:49AM
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 BHHS Fillmore R.E.
Investment Insights
Based on property information with market context.
This 1,224 square foot duplex features 3 bedrooms and an unfinished basement, offering potential for customization. The property includes a full bath and gas heat. A private garage is accessible via a community drive. Located in the Sheepshead Bay neighborhood, the property is conveniently located near shops and public transportation.
Key Highlights
- Located in the desirable Sheepshead Bay neighborhood.
- Convenient access to shops and public transportation.
- Spacious three‑bedroom duplex layout.
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 | $62.4k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $61.2k | $50.03 |
| − OpEx | −$18.4k | −$15.01 |
| NOI | $42.9k | $35.02 |
1,224 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$612.4K
$535.8K – $714.5K
NOI $42,867 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$533.8K
$467.1K – $622.8K
NOI $37,367 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$1.01M
$886.8K – $1.18M
NOI $70,943 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - 3-bedroom duplex in Sheepshead Bay with unfinished basement.
Where is this duplex located?
The property is located at 2022 Ford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $718,000.
What are key features of this property?
This property features: Located in the desirable Sheepshead Bay neighborhood.; Convenient access to shops and public transportation.; Spacious three‑bedroom duplex layout.
