Detached Two-Family
1268 Prospect Avenue Brooklyn, NY 11218
For Sale
$1,599,000
Fully detached two-family home with two 2-bedroom units and a high-ceiling full basement.
Property Size1,600 SF
Lot Size0.07 Acres
Price / SF$999.38
Days on Market11
Property Features for 1268 Prospect Avenue
General Information
Standard status
Active
Size
1,600 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Building Details
Year Built
1899
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
Source:
Penrealty
Added: Jul 19
Changed: Jul 28
Last Checked: Jul 29 at 10:56AM
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 Real Estate Professiona
Investment Insights
Based on property information with market context.
This fully detached two-family residence sits on an oversized 25x124 lot and is configured as two separate apartments. The second floor unit offers a 2-bedroom layout with a living room, dining room, kitchen, and full bath. The first floor unit is also set up with 2 bedrooms, a living room, dining room, kitchen, and full bath, and there is a full basement with high ceilings.
Recent improvements include a new roof, new windows, and a new boiler. Outside, the property features a large, park-like backyard.
The building presents a straightforward owner-occupant or income-producing setup, with both units mirroring similar room configurations and the additional basement space providing extra utility for storage or other uses.
Recent improvements include a new roof, new windows, and a new boiler. Outside, the property features a large, park-like backyard.
The building presents a straightforward owner-occupant or income-producing setup, with both units mirroring similar room configurations and the additional basement space providing extra utility for storage or other uses.
Key Highlights
- Fully detached two‑family home built in 1899
- Two separate 2‑bedroom units: 2nd‑floor 2BD plus 1st‑floor 2BD, each with living room, dining room, kitchen, and full bath
- Oversized 25x124 lot with a park‑like backyard
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 | $81.6k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $80.0k | $50.03 |
| − OpEx | −$24.0k | −$15.01 |
| NOI | $56.0k | $35.02 |
1,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$800.5K
$700.4K – $933.9K
NOI $56,035 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 3.05%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully detached two-family home with two 2-bedroom units and a high-ceiling full basement.
Where is this duplex located?
The property is located at 1268 Prospect Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Fully detached two‑family home built in 1899; Two separate 2‑bedroom units: 2nd‑floor 2BD plus 1st‑floor 2BD, each with living room, dining room, kitchen, and full bath; Oversized 25x124 lot with a park‑like backyard
