Two-Family Brick Home with Separate
For Sale
$1,139,000
2426 Brigham St, Brooklyn, NY 11235
A well-maintained 3-story, two-unit brick residence with a finished basement and separate entrances for flexible occupancy.
Property Size2,265 SF
Days on Market72
Property Features for 2426 Brigham St
General Information
Standard status
Active
Size
2,265 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,030
Building Details
Building Size
2,265 SF
Year Built
1955
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
(718) 612-3088
Listed By:
Jason Zhou
(718) 612-3088
Source:
Elliman
Added: Jun 16
Changed: Aug 19
Last Checked: Aug 25 at 11:18AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
This well-maintained 3-story two-family brick home sits over a fully finished basement and is configured for two separate living areas. The upper duplex includes three bedrooms, 1.5 baths, a living room, dining room, and an eat-in kitchen. The first-floor unit has a separate entrance and offers two bedrooms and one full bath, supporting flexible owner or tenant arrangements. The property also features a community driveway, along with separate gas boilers and separate tankless water heaters for each unit.
The home is conveniently located near shopping, restaurants, schools, and transportation. WalkScore is reported as 87 (very walkable), BikeScore is reported as 61 (bikeable), and transitScore is reported as 72 (excellent transit).
For buyers seeking a classic two-family layout, the separate entrances and split mechanical systems can simplify day-to-day operations and give occupants more privacy. The finished basement adds usable space, while the two distinct unit configurations provide clear options for owner-occupancy or long-term residential income use.
The home is conveniently located near shopping, restaurants, schools, and transportation. WalkScore is reported as 87 (very walkable), BikeScore is reported as 61 (bikeable), and transitScore is reported as 72 (excellent transit).
For buyers seeking a classic two-family layout, the separate entrances and split mechanical systems can simplify day-to-day operations and give occupants more privacy. The finished basement adds usable space, while the two distinct unit configurations provide clear options for owner-occupancy or long-term residential income use.
Key Highlights
- Two‑family brick home built in 1955 with a fully finished basement and separate entrance
- Upper duplex offers 3 bedrooms and 1.5 baths, plus living room, dining room, and eat‑in kitchen
- First‑floor unit has 2 bedrooms and 1 full bath with a separate entrance for flexible living
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
$79,324
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
6.96%
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%
$1,586,480
$1.6M
Cap Rate 7%
$1,133,200
$1.1M
Cap Rate 9%
$881,378
$881.4K
Market Conditions
NOI Build-Up for 2,265 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
$115.5K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$113.3K $50.03/SF
− OpEx
−$34.0K −$15.01/SF
NOI
$79.3K $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%
$1,586,480
Cap Rate 7%
$1,133,200
Cap Rate 9%
$881,378
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$991.6K – $1.32M
NOI $79,324 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$987.8K
$864.4K – $1.15M
NOI $69,148 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$1.88M
$1.64M – $2.19M
NOI $131,279 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Explore this area
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
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 - A well-maintained 3-story, two-unit brick residence with a finished basement and separate entrances for flexible occupancy.
Where is this duplex located?
The property is located at 2426 Brigham St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,139,000.
What are key features of this property?
This property features: Two‑family brick home built in 1955 with a fully finished basement and separate entrance; Upper duplex offers 3 bedrooms and 1.5 baths, plus living room, dining room, and eat‑in kitchen; First‑floor unit has 2 bedrooms and 1 full bath with a separate entrance for flexible living
