2321 E 24th St Brooklyn, NY 11229
Well-maintained, semi-detached 3-family brick home in Sheepshead Bay.
Property Features for 2321 E 24th St
General Information
- Standard status
- Active
- Size
- 2,750 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Listing office New World Realty Group LLC (718) 872-6300
Listing date Apr 15, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Delivered vacant, offering flexibility for immediate occupancy, rental, or customization.
- Located in desirable Sheepshead Bay, near transportation, shopping, dining, parks, and top‑rated P.S. 206.
- Three separate units with private entrances, ideal for rental income or multi‑generational living.
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 | $140.3k | $51.00 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $137.6k | $50.03 |
| − OpEx | −$41.3k | −$15.01 |
| NOI | $96.3k | $35.02 |
