Detached Two-Family Residential
1268 Prospect Ave Brooklyn, NY 11218
New
For Sale
$1,599,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,600 SF
Lot Size0.07 Acres
Price / SF$999.38
Days on Market3
Property Features for 1268 Prospect Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3
- Fencing
- Fenced
- Standard status
- Active
- Size
- 1,600 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6700
Utilities
- Heating system
- Natural Gas, Steam
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Wood Siding
- Roof type
- Tar/Gravel, Asphalt
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
(718) 887-5708
Listed By:
Vito Angelo · License #VITLO524
(718) 887-5708
Added: Jul 23
Changed: Jul 25
Last Checked: Jul 25 at 6:06PM
MLS# 11894782
Copyright © 2026 My State MLS. 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.
This fully detached two-family residential building is set on an oversized lot and offers a practical split arrangement across two levels. The property is currently configured with a 2-bedroom unit on the second floor over a similar 2-bedroom layout on the first floor, with both units including living room, dining room, kitchen, and a full bath. The building also includes a full basement with high ceilings.
The home has been updated with a new roof, new windows, and a new boiler, supporting day-to-day operational readiness. The backyard is described as tremendous and park-like, with the lot size noted as 25 by 124.
Located in Windsor Terrace, the property is described as on a quiet, tree-lined block and is presented as convenient to Fort Hamilton Parkway and the F train, as well as nearby cafes, schools, playgrounds, and shops.
The home has been updated with a new roof, new windows, and a new boiler, supporting day-to-day operational readiness. The backyard is described as tremendous and park-like, with the lot size noted as 25 by 124.
Located in Windsor Terrace, the property is described as on a quiet, tree-lined block and is presented as convenient to Fort Hamilton Parkway and the F train, as well as nearby cafes, schools, playgrounds, and shops.
Key Highlights
- Fully detached two‑family home built in 1899 on an oversized 25x124 lot
- Current layout: 2‑bedroom unit on the 2nd floor over a 2‑bedroom unit on the 1st floor
- Each unit includes living room, dining room, kitchen, and full bath
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
FAQs
What type of property is this?
Duplex - Fully detached two-family home with updated roof, windows, and boiler plus a large backyard on an oversized lot.
Where is this duplex located?
The property is located at 1268 Prospect Ave 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 on an oversized 25x124 lot; Current layout: 2‑bedroom unit on the 2nd floor over a 2‑bedroom unit on the 1st floor; Each unit includes living room, dining room, kitchen, and full bath
