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2-Family Brownstone with Backyard

1190 Park Pl Brooklyn, NY 11213

Claim this Listing
New
For Sale
$1,349,000

Spacious two-family brownstone with three above-grade full floors, a basement, and an extra-deep lot for a large backyard.

Type:Multi Family
Property size:
2,922 SF
Lot size:
0.06 Acres
Price / SF:
$461/SF
Added:
Jul 9, 2026
Days on Market:
5
Last Refresh:
Jul 10 at 2:43 am

Property Features for 1190 Park Pl

General Information

Standard status
Active
Size
2,922 SF
Lot size
0.06 Acres
Property subtype
Multi Family

Building Details

Year Built
1901

Listing office Coldwell Banker LaBarca

Listing date Jul 9, 2026

Source Elliman

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 Coldwell Banker LaBarca


Investment Insights

Based on property information with market context.

This solid two-family Crown Heights brownstone offers more space than the typical area layout, with three full floors above ground plus a basement. The property includes a functional layout and retains plenty of original historic detail. A newer hot water heater is in place, and the home has been straightforwardly maintained.

Set on an extra-deep 19' x 127.75' lot, the home provides an unusually spacious backyard. The property is located for convenient access to public transportation, with the 3 and 4 subway lines minutes away and B45 and B46 bus routes nearby. Local shopping and dining are close, and the Brooklyn Children’s Museum and Brooklyn Public Library are also accessible.

With approximately 2,922 square feet, this is a practical live-with-income or investment canvas for buyers looking to customize using the home’s existing layout and historic character.

Key Highlights

  • Spacious 2‑family Crown Heights brownstone built in 1901 with three above‑grade full floors plus a basement
  • Approx. 2,922 sq ft total living area for a larger‑than‑typical two‑family layout
  • Extra‑deep 19' x 127.75' lot with an unusually spacious backyard

Local 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 $149.0k $51.00
− Vacancy −$2.8k −$0.97
EGI $146.2k $50.03
− OpEx −$43.9k −$15.01
NOI $102.3k $35.02
2,922 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.71M (±1% cap)
NOI $102,333 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$1.27M
$1.12M – $1.49M (±1% cap)
NOI $89,206 @ 7.0% cap · market cap 6.61%
Theoretical Best
Specialty Retail
$2.42M
$2.12M – $2.82M (±1% cap)
NOI $169,359 @ 7.0% cap · market cap 12.55%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture Nursing Home Nursing Home Auto Parts Store Carpet & Flooring Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Spacious two-family brownstone with three above-grade full floors, a basement, and an extra-deep lot for a large backyard.
Where is this duplex located?
The property is located at 1190 Park Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Spacious 2‑family Crown Heights brownstone built in 1901 with three above‑grade full floors plus a basement; Approx. 2,922 sq ft total living area for a larger‑than‑typical two‑family layout; Extra‑deep 19' x 127.75' lot with an unusually spacious backyard
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