Renovated Two-Family Brick
For Sale
$999,000
Pending
1241 E 85th St, Brooklyn, NY 11236
Two-family brick residence featuring new renovations and a finished basement.
Property Size1,956 SF
Lot Size0.05 Acres
Days on Market223
Property Features for 1241 E 85th St
General Information
Standard status
Pending
Size
1,956 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Building Details
Building Size
1,956 SF
Year Built
1955
Stories
2
Listed By:
Edvard Larose
(917) 371-7384
Source:
Elliman
Added: Mar 10
Changed: Oct 17
Last Checked: Oct 16 at 9:51AM
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 Edvard Larose
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Investment Insights
Based on property information with market context.
This is a two-family brick residence in excellent condition. The property features new recess lighting, a new kitchen, and a new bath. The layout includes two bedrooms over two bedrooms, with a full finished basement and backyard parking.
Key Highlights
- Excellent condition 2 family brick
- All New
- Full finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,502
Cap Rate
6.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,040
$1.4M
Cap Rate 7%
$978,600
$978.6K
Cap Rate 9%
$761,133
$761.1K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$99.8K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$97.9K $50.03/SF
− OpEx
−$29.4K −$15.01/SF
NOI
$68.5K $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%
$1,370,040
Cap Rate 7%
$978,600
Cap Rate 9%
$761,133
Alternative Uses
Best Use
Multifamily LT 5
$978.6K
$856.3K – $1.14M
NOI $68,502 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$853.1K
$746.4K – $995.3K
NOI $59,715 @ 7.0% cap · market cap 5.98%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,370 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,395
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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 - Two-family brick residence featuring new renovations and a finished basement.
Where is this duplex located?
The property is located at 1241 E 85th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Excellent condition 2 family brick; All New; Full finished basement
