East Flatbush Two-Family Limestone
For Sale
$1,100,000
Pending
900 Brooklyn Ave, Brooklyn, NY 11203
Spacious 2-family home in East Flatbush with customization potential.
Property Size2,000 SF
Days on Market103
Property Features for 900 Brooklyn Ave
General Information
Standard status
Pending
Size
2,000 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,931
Building Details
Building Size
2,000 SF
Year Built
1910
Stories
2
Listing Agency:
Century 21 Awaye Realty
(718) 488-0800
Listed By:
Arlene Waye · License #10491211892
(718) 488-0800
Source:
Elliman
Added: May 20
Changed: Aug 17
Last Checked: Aug 29 at 12:40PM
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 Century 21 Awaye Realty
Investment Insights
Based on property information with market context.
Located in the heart of East Flatbush, Brooklyn, 900 Brooklyn Avenue is a spacious 2-family attached limestone home. This property, featuring approximately 2,048 square feet of interior space, will be delivered vacant. It offers an opportunity for investors, contractors, or buyers looking to customize a home. The property features original character, generous room sizes, and flexible living layouts. Both units feature spacious layouts with abundant natural light. The first level offers 6 rooms including a large living room, formal dining room, 2 bedrooms, 1 full bathroom, storage area, and a windowed kitchen with access to a bright sunroom and cozy outdoor patio area. The second level features a 7-room layout with 3 bedrooms, office space, open living area, kitchen, and 1 full bathroom. A skylight in the hallway adds warmth and natural light to the upper level. The full semi-finished basement includes a separate entrance, spacious open area, laundry room, boiler room, and a 3/4 bathroom. The property is conveniently located near shopping, restaurants, schools, parks, Kings County Hospital, SUNY Downstate Hospital, and public transportation including the B35 bus and nearby 2 and 5 subway lines. Easy access to Linden Boulevard, Church Avenue, and Flatbush Avenue allows for convenient travel throughout Brooklyn and into Manhattan. The location has a walk score of 95, a bike score of 83, and a transit score of 100.
Key Highlights
- Delivered Vacant: Ideal for immediate renovation, customization, or rental income generation.
- Excellent Transit Score (100): Rider's Paradise, with convenient access to public transportation.
- Two‑Family Limestone: Classic Brooklyn architecture with potential for multi‑generational living or rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,724
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,434,480
$1.4M
Cap Rate 7%
$1,024,629
$1.0M
Cap Rate 9%
$796,933
$796.9K
Market Conditions
NOI Build-Up for 2,048 SF
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.
Gross rent
$104.4K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$102.5K $50.03/SF
− OpEx
−$30.7K −$15.01/SF
NOI
$71.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,434,480
Cap Rate 7%
$1,024,629
Cap Rate 9%
$796,933
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$896.6K – $1.20M
NOI $71,724 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$893.2K
$781.5K – $1.04M
NOI $62,523 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.70M
$1.48M – $1.98M
NOI $118,702 @ 7.0% cap · market cap 10.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,390
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Spacious 2-family home in East Flatbush with customization potential.
Where is this duplex located?
The property is located at 900 Brooklyn Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Delivered Vacant: Ideal for immediate renovation, customization, or rental income generation.; Excellent Transit Score (100): Rider's Paradise, with convenient access to public transportation.; Two‑Family Limestone: Classic Brooklyn architecture with potential for multi‑generational living or rental income.
