Attached Four-Story Two-Family
2462 Bragg St Brooklyn, NY 11235
New
2462 Bragg St, Brooklyn, NY, 11235
$1,249,888
For Sale
$1,249,888
Attached two-family with updated kitchens, renovated baths, hardwood floors, and a fully finished basement with separate entrance.
Property Size2,992 SF
Price / SF$417.74
Days on Market3
Property Features for 2462 Bragg St
General Information
- Standard status
- Active
- Size
- 2,992 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1955
Listing Agency
Lombardo Homes & Estates
(855) 919-0222
Listed by
Joseph V. Lombardo
(855) 919-0222
Source
Elliman
Added: Jul 16 Checked: Jul 18 at 1:30 am
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 Lombardo Homes & Estates
Investment Insights
Based on property information with market context.
Updated 2,992 SF attached two-family home in a four-story configuration, including a fully finished basement with a separate entrance. The home features updated kitchens, new hardwood floors, and renovated bathrooms finished with custom Italian stone. Heating is provided by newly installed baseboard heat with natural gas. Major improvements include a new roof, a recently updated furnace, and a new hot water heater.
The layout includes a 1-bedroom apartment in the basement, a 2-bedroom apartment on the first floor, and a 3-bedroom apartment on the second floor. The offering is described as having 6 bedrooms and 4 bathrooms. There are two off-street parking spaces, with public water and public sewer. The property is located in the Sheepshead Bay neighborhood, within a short distance of the waterfront, popular restaurants, shopping, public transportation, and neighborhood conveniences. A tenant is currently in place in the rental unit and is willing to remain.
The layout includes a 1-bedroom apartment in the basement, a 2-bedroom apartment on the first floor, and a 3-bedroom apartment on the second floor. The offering is described as having 6 bedrooms and 4 bathrooms. There are two off-street parking spaces, with public water and public sewer. The property is located in the Sheepshead Bay neighborhood, within a short distance of the waterfront, popular restaurants, shopping, public transportation, and neighborhood conveniences. A tenant is currently in place in the rental unit and is willing to remain.
Key Highlights
- Attached 4‑story two‑family built in 1955 with 2,992 SF total, including a fully finished basement with separate entrance
- 6 bedrooms and 4 bathrooms total, with layout featuring 1‑bed basement apartment, 2‑bed first‑floor apartment, and 3‑bed second‑floor apartment
- Updates include new/updated kitchens, new hardwood floors, and renovated bathrooms finished with custom Italian stone
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 | $152.6k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $149.7k | $50.03 |
| − OpEx | −$44.9k | −$15.01 |
| NOI | $104.8k | $35.02 |
2,992 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $104,785 @ 7.0% cap · market cap 8.38%
Second Best
Apartment 5plus
$1.30M
$1.14M – $1.52M
NOI $91,343 @ 7.0% cap · market cap 7.31%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,416 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Attached two-family with updated kitchens, renovated baths, hardwood floors, and a fully finished basement with separate entrance.
Where is this duplex located?
The property is located at 2462 Bragg St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,249,888.
What are key features of this property?
This property features: Attached 4‑story two‑family built in 1955 with 2,992 SF total, including a fully finished basement with separate entrance; 6 bedrooms and 4 bathrooms total, with layout featuring 1‑bed basement apartment, 2‑bed first‑floor apartment, and 3‑bed second‑floor apartment; Updates include new/updated kitchens, new hardwood floors, and renovated bathrooms finished with custom Italian stone
