Detached Duplex with
For Sale
$1,549,000
Pending
1268 Prospect Ave, Brooklyn, NY 11218
Residential Income, Brooklyn, NY
Property Size1,600 SF
Lot Size0.07 Acres
Days on Market97
Property Features for 1268 Prospect Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 4
Fencing
Fenced
Subdivision
Windsor Terrace
View
City
Standard status
Pending
Size
1,600 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
6700
Utilities
Heating system
Steam, Natural Gas
Building Details
Year built
1899
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Wood Siding
Roof type
Asphalt, Tar/Gravel
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
Listed By:
Vito Angelo
(718) 887-5708
Added: Jul 23
Changed: Oct 22
Last Checked: Oct 27 at 5:06AM
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.
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Investment Insights
Based on property information with market context.
This detached duplex contains two residential units, each arranged with two bedrooms, a living room, dining room, kitchen, and full bathroom. The first-floor apartment sits above a full basement with high ceilings, while the second-floor unit occupies the level above. The home includes hardwood and tile flooring, wood siding, fenced outdoor space, and steam heating fueled by natural gas.
Built in 1899, the property occupies a 0.0712-acre lot measuring 25 by 124 feet and provides 1,600 square feet of property size. Recent improvements include a new roof, new windows, and a new boiler. The property is located at 1268 Prospect Ave in Brooklyn, NY 11218, near Fort Hamilton Pkwy, the F train, Prospect Park, schools, playgrounds, cafes, and shops.
Built in 1899, the property occupies a 0.0712-acre lot measuring 25 by 124 feet and provides 1,600 square feet of property size. Recent improvements include a new roof, new windows, and a new boiler. The property is located at 1268 Prospect Ave in Brooklyn, NY 11218, near Fort Hamilton Pkwy, the F train, Prospect Park, schools, playgrounds, cafes, and shops.
Key Highlights
- Detached two‑family home with two separate residential units
- Each unit includes 2 bedrooms, living room, dining room, kitchen, and full bathroom
- Full basement with high ceilings beneath the first‑floor unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,035
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,700
$1.1M
Cap Rate 7%
$800,500
$800.5K
Cap Rate 9%
$622,611
$622.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$81.6K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$80.0K $50.03/SF
− OpEx
−$24.0K −$15.01/SF
NOI
$56.0K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,700
Cap Rate 7%
$800,500
Cap Rate 9%
$622,611
Alternative Uses
Best Use
Multifamily LT 5
$800.5K
$700.4K – $933.9K
NOI $56,035 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
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Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer matching two-bedroom layouts, private living areas, kitchens, dining rooms, and full bathrooms.
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 $1,549,000.
What are key features of this property?
This property features: Detached two‑family home with two separate residential units; Each unit includes 2 bedrooms, living room, dining room, kitchen, and full bathroom; Full basement with high ceilings beneath the first‑floor unit
