Renovated Two-Family Townhouse with
277 MIDWOOD St Brooklyn, NY 11225
For Sale
$2,850,000
Turnkey two-family home with private outdoor space and an independent garden-level one-bedroom apartment.
Property Size3,120 SF
Price / SF$913.46
Days on Market54
Property Features for 277 MIDWOOD St
General Information
Standard status
Active
Size
3,120 SF
Property subtype
Multi Family
Building Details
Year Built
1915
Listing Agency:
(646) 650-6456
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Elliman
Added: Jun 4
Changed: Jul 10
Last Checked: Jul 27 at 5:15AM
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 Alexandra Newman
Investment Insights
Based on property information with market context.
A fully renovated two-family townhouse spanning approximately 3,120 interior square feet on a 20-foot-wide lot, paired with more than 1,600 square feet of private outdoor space. The owner’s duplex covers the parlor and upper levels with three bedrooms, two full bathrooms, and a powder room. The parlor floor features an open-concept layout with a sun-filled dining area framed by south-facing bay windows, a restored decorative fireplace, and a custom chef’s kitchen with paneled Sub-Zero and Wolf appliances, custom cabinetry, wine storage, and oversized island seating. A rear living room overlooks the landscaped garden through a wall of windows and opens directly outdoors. Finishes include white oak herringbone flooring, built-in speakers, and central air. Upstairs, the primary suite offers oversized bay windows with built-in seating, a walk-in closet, and a windowed marble bath with skylight and soaking tub, plus two additional bedrooms, a second finished bath, and a dedicated laundry room. A floating staircase leads to a glass-enclosed bulkhead and a private roof deck with built-in lounge seating, water lines for a future wet bar, and speaker hookups.
The garden-level residence is a fully independent one-bedroom apartment with a private entrance, open-concept living and dining, in-unit laundry, a decorative fireplace, and direct backyard access. The layout also allows for an easy conversion to a single-family residence if desired. Located in Prospect Lefferts Gardens, the home is moments from Prospect Park and near Bomberino, Pacha Cafe, Midwood Flats, and Silver Rice, with convenient access to the 2, 5, B, Q, and S trains.
For buyers seeking a turnkey setup, this property offers distinct living spaces that can support owner-occupancy while maintaining a separate income-producing option below. The extensive outdoor areas—garden-level backyard access and a private roof deck—add practical everyday value for entertaining and day-to-day living.
The garden-level residence is a fully independent one-bedroom apartment with a private entrance, open-concept living and dining, in-unit laundry, a decorative fireplace, and direct backyard access. The layout also allows for an easy conversion to a single-family residence if desired. Located in Prospect Lefferts Gardens, the home is moments from Prospect Park and near Bomberino, Pacha Cafe, Midwood Flats, and Silver Rice, with convenient access to the 2, 5, B, Q, and S trains.
For buyers seeking a turnkey setup, this property offers distinct living spaces that can support owner-occupancy while maintaining a separate income-producing option below. The extensive outdoor areas—garden-level backyard access and a private roof deck—add practical everyday value for entertaining and day-to-day living.
Key Highlights
- Two‑family townhouse on a 20‑foot‑wide lot with approx. 3,120 interior SF and over 1,600 SF of private outdoor space
- Owner’s duplex spans parlor and upper levels with 3 bedrooms, 2 full bathrooms, plus a powder room
- Custom chef’s kitchen with paneled Sub‑Zero and Wolf appliances, custom cabinetry, wine storage, and oversized island seating
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 | $159.1k | $51.00 |
| − Vacancy | −$3.0k | −$0.97 |
| EGI | $156.1k | $50.03 |
| − OpEx | −$46.8k | −$15.01 |
| NOI | $109.3k | $35.02 |
3,120 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,268 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,250 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M
NOI $180,835 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey two-family home with private outdoor space and an independent garden-level one-bedroom apartment.
Where is this duplex located?
The property is located at 277 MIDWOOD St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Two‑family townhouse on a 20‑foot‑wide lot with approx. 3,120 interior SF and over 1,600 SF of private outdoor space; Owner’s duplex spans parlor and upper levels with 3 bedrooms, 2 full bathrooms, plus a powder room; Custom chef’s kitchen with paneled Sub‑Zero and Wolf appliances, custom cabinetry, wine storage, and oversized island seating