Brick Two-Family Duplex with
For Sale
$1,195,000
124 Brightwater Court, Brooklyn, NY 11235
Residential, Duplex - Up/Down, Brooklyn, NY
Property Size1,995 SF
Lot Size0.04 Acres
Price / SF$598
Days on Market56
Property Features for 124 Brightwater Court
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R7-1
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
Parking features
Garage - Attached
Interior features
Refrigerator, Stove
Basement
Unfinished, Full
Subdivision
Brighton Beach
Standard status
Active
Size
1,995 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7589
Building Details
Year built
1950
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Mei Hua (Michelle) Dong · License #10401364256
(718) 612-3088
Added: Sep 12
Changed: Nov 5
Last Checked: Nov 6 at 5:06AM
MLS# 504484
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 brick, semi-attached duplex provides two residential units across three stories and a full basement. The lower level contains a separate one-bedroom apartment, while the second floor includes a three-bedroom duplex with one and a half bathrooms. Hardwood and tile flooring, a flat roof, refrigerator, and stove are included. The property also offers a private driveway and attached one-car garage.
The home is located in Brighton Beach, with access to the Q subway at Ocean Parkway and additional B/Q service at Brighton Beach. The beach, boardwalk, shopping, restaurants, cafes, supermarkets, parks, and Coney Island attractions are nearby. The property is zoned R7-1 and was built in 1950.
The home is located in Brighton Beach, with access to the Q subway at Ocean Parkway and additional B/Q service at Brighton Beach. The beach, boardwalk, shopping, restaurants, cafes, supermarkets, parks, and Coney Island attractions are nearby. The property is zoned R7-1 and was built in 1950.
Key Highlights
- Two‑family brick, semi‑attached duplex with three stories and a full basement
- Separate 1‑bedroom apartment plus an upper‑level 3‑bedroom duplex
- Private driveway and attached 1‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,868
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,360
$1.4M
Cap Rate 7%
$998,114
$998.1K
Cap Rate 9%
$776,311
$776.3K
Market Conditions
NOI Build-Up for 1,995 SF
Gross rent
$101.7K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$99.8K $50.03/SF
− OpEx
−$29.9K −$15.01/SF
NOI
$69.9K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,397,360
Cap Rate 7%
$998,114
Cap Rate 9%
$776,311
Alternative Uses
Best Use
Multifamily LT 5
$998.1K
$873.4K – $1.16M
NOI $69,868 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$870.1K
$761.3K – $1.02M
NOI $60,905 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$1.65M
$1.45M – $1.93M
NOI $115,630 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,167
Businesses Nearby
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Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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 - Separate apartment and upper-level duplex create a flexible two-unit layout.
Where is this duplex located?
The property is located at 124 Brightwater Court Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Two‑family brick, semi‑attached duplex with three stories and a full basement; Separate 1‑bedroom apartment plus an upper‑level 3‑bedroom duplex; Private driveway and attached 1‑car garage
