Detached Two-Family
1268 Prospect Avenue Brooklyn, NY 11218
New
1268 Prospect Avenue, Brooklyn, NY, 11218
$1,599,000
For Sale
$1,599,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,600 SF
Lot Size0.07 Acres
Price / SF$999.38
Days on Market4
Property Features for 1268 Prospect Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R5B
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2
- Interior features
- Refrigerator, Stove
- Basement
- Full
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6700
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood, Ceramic
- Building materials
- Brick, Wood Frame
- Roof type
- Asphalt
Listing agency
RE/MAX Real Estate Professiona
(718) 532-2000
Listed by
Billy Apter · License #BEA5721
(718) 532-2000
Added: Jul 19 Updated: Jul 20 at 4:37PM Checked: Jul 22 at 4:06AM
MLS# 503134
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Fully detached two-family home at 1268 Prospect Avenue in Brooklyn, NY 11218, set on an oversized 25-by-124 lot. The property has been updated with a new roof, new windows, and a new boiler, and includes a large, park-like backyard. The home is currently configured as a 2-bedroom unit with living room, dining room, kitchen, and a full bath on the second floor, over a matching 2-bedroom unit with living room, dining room, kitchen, and a full bath on the first floor.
A full basement with high ceilings provides additional space. The property is listed for sale under Brooklyn zoning R5B.
A full basement with high ceilings provides additional space. The property is listed for sale under Brooklyn zoning R5B.
Key Highlights
- Fully detached two‑family home with a 25 x 124 oversized lot
- Set up as a 2‑bedroom unit above a 2‑bedroom unit (both with living room, dining room, kitchen, and full bath)
- New roof, new windows, and new boiler
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 | $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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kamerner Joel
High School
Full Of Wonder Daycare
Daycare Center
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Detached two-family residence with updated roof, windows, and boiler, plus a large backyard on a 25-by-124 lot.
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 with a 25 x 124 oversized lot; Set up as a 2‑bedroom unit above a 2‑bedroom unit (both with living room, dining room, kitchen, and full bath); New roof, new windows, and new boiler
