Brick Two-Family With
For Sale
$1,050,000
2326 E 19th St, Brooklyn, NY 11229
Well-maintained attached two-family home with separate utilities, garage access, and rear parking for multiple vehicles.
Property Size1,913 SF
Days on Market72
Property Features for 2326 E 19th St
General Information
Standard status
Active
Size
1,913 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,194
Building Details
Building Size
1,913 SF
Year Built
1930
Stories
1
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Source:
Elliman
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 25 at 7:37AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
This attached brick two-family home is well maintained and designed for independent living, with separate heating systems and separate hot water heaters for each unit. The second-floor unit features three bedrooms, one full bathroom, and an eat-in kitchen. The first-floor unit offers two bedrooms, a living room, a kitchen, and one full bathroom, with direct access to the backyard. The property is built on a 23x100 lot and includes a building size of 23x44, along with an attached garage and additional rear parking for multiple vehicles.
The home is located in the heart of Sheepshead Bay and sits near shopping, restaurants, schools, and public transportation. Transit options listed include the B49, BM3, and B3 buses, as well as the Q & B train. Walkability and transit access are strong based on the provided WalkScore and transitScore.
For owner-occupants or investors, the separate utility systems support independent tenant or household use across both floors. The layout offers a clear split between the two residences, and the combination of an attached garage plus rear parking can help accommodate multiple vehicles for residents.
The home is located in the heart of Sheepshead Bay and sits near shopping, restaurants, schools, and public transportation. Transit options listed include the B49, BM3, and B3 buses, as well as the Q & B train. Walkability and transit access are strong based on the provided WalkScore and transitScore.
For owner-occupants or investors, the separate utility systems support independent tenant or household use across both floors. The layout offers a clear split between the two residences, and the combination of an attached garage plus rear parking can help accommodate multiple vehicles for residents.
Key Highlights
- Well‑maintained attached brick two‑family home built in 1930
- Two independent setups: separate heating systems and separate hot water heaters for each unit
- Second‑floor unit: 3 bedrooms, 1 full bathroom, and an eat‑in kitchen
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
$66,997
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
6.38%
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%
$1,339,940
$1.3M
Cap Rate 7%
$957,100
$957.1K
Cap Rate 9%
$744,411
$744.4K
Market Conditions
NOI Build-Up for 1,913 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
$97.6K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$95.7K $50.03/SF
− OpEx
−$28.7K −$15.01/SF
NOI
$67.0K $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%
$1,339,940
Cap Rate 7%
$957,100
Cap Rate 9%
$744,411
Alternative Uses
Best Use
Multifamily LT 5
$957.1K
$837.5K – $1.12M
NOI $66,997 @ 7.0% cap · market cap 6.38%
Second Best
Apartment 5plus
$834.3K
$730.0K – $973.4K
NOI $58,402 @ 7.0% cap · market cap 5.56%
Theoretical Best
Specialty Retail
$1.58M
$1.39M – $1.85M
NOI $110,877 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - Well-maintained attached two-family home with separate utilities, garage access, and rear parking for multiple vehicles.
Where is this duplex located?
The property is located at 2326 E 19th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Well‑maintained attached brick two‑family home built in 1930; Two independent setups: separate heating systems and separate hot water heaters for each unit; Second‑floor unit: 3 bedrooms, 1 full bathroom, and an eat‑in kitchen
