Luxury Two-Family Residence with
For Sale
$6,180,000
2711 E 26th St, Brooklyn, NY 11235
Two-family home with elevator access, rooftop deck, and spa-style amenities including an in-ground pool.
Property Size8,912 SF
Days on Market68
Property Features for 2711 E 26th St
General Information
Standard status
Active
Size
8,912 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$51,182
Building Details
Building Size
8,912 SF
Year Built
2011
Stories
3
Tenancy
Multi
Listing Agency:
Tiger Realty
(917) 708-9966
Listed By:
Ken Zheng
(917) 708-9966
Source:
Elliman
Added: Jun 21
Changed: Aug 23
Last Checked: Aug 26 at 10:17AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This luxury two-family residence is built with reinforced concrete and topped with a copper roof. At the entrance level, a spacious foyer is served by two elevators, leading to an entertainment lounge with a fireplace and sliding glass doors to a landscaped backyard featuring a koi pond and waterfall. A striking center staircase made with granite, steel, and glass connects all levels from the fully finished basement to the rooftop deck. The interior and exterior include radiant heated floors, with custom Italian kitchens, Sub-Zero and Miele appliances, washers and dryers, and premium tile finishes. The basement functions as a wellness retreat with an in-ground swimming pool, gym, sauna, steam room, jacuzzi, and a chiller system, along with smart-home integration for surveillance, intercoms, speakers, and climate control throughout. Expansive wraparound balconies span the second and third floors, while the rooftop level provides a private deck with neighborhood and water views.
The home is located in a very walkable area with bikeable access and excellent transit, supporting everyday connectivity.
For buyers seeking a turnkey, high-end owner-occupied or income-producing setup, the building’s two-elevator configuration, multiple outdoor entertaining areas, and extensive wellness amenities are built into the design from level to level. Owner financing is available.
The home is located in a very walkable area with bikeable access and excellent transit, supporting everyday connectivity.
For buyers seeking a turnkey, high-end owner-occupied or income-producing setup, the building’s two-elevator configuration, multiple outdoor entertaining areas, and extensive wellness amenities are built into the design from level to level. Owner financing is available.
Key Highlights
- 2011‑built two‑family home with elevator access and wraparound balconies spanning the 2nd and 3rd floors
- Reinforced concrete construction with a copper roof and a granite/steel/glass staircase connecting all levels
- Spa‑level wellness basement featuring an in‑ground swimming pool, gym, sauna, steam room, jacuzzi, and chiller system
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
$312,113
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
5.05%
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%
$6,242,260
$6.2M
Cap Rate 7%
$4,458,757
$4.5M
Cap Rate 9%
$3,467,922
$3.5M
Market Conditions
NOI Build-Up for 8,912 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
$454.5K $51.00/SF
− Vacancy
−$8.6K −$0.97/SF
EGI
$445.9K $50.03/SF
− OpEx
−$133.8K −$15.01/SF
NOI
$312.1K $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%
$6,242,260
Cap Rate 7%
$4,458,757
Cap Rate 9%
$3,467,922
Alternative Uses
Best Use
Multifamily LT 5
$4.46M
$3.90M – $5.20M
NOI $312,113 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$3.89M
$3.40M – $4.53M
NOI $272,074 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$7.38M
$6.46M – $8.61M
NOI $516,540 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,670
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 - Two-family home with elevator access, rooftop deck, and spa-style amenities including an in-ground pool.
Where is this duplex located?
The property is located at 2711 E 26th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,180,000.
What are key features of this property?
This property features: 2011‑built two‑family home with elevator access and wraparound balconies spanning the 2nd and 3rd floors; Reinforced concrete construction with a copper roof and a granite/steel/glass staircase connecting all levels; Spa‑level wellness basement featuring an in‑ground swimming pool, gym, sauna, steam room, jacuzzi, and chiller system
