Turnkey Two-Unit
For Sale
$980,000
1269 E 94th Street, Brooklyn, NY 11236
Renovated 1921 duplex with two mirror-image 3-bedroom units, hardwood floors, and a finished floor-through basement.
Property Size1,872 SF
Price / SF$523.50
Days on Market103
Property Features for 1269 E 94th Street
General Information
Standard status
Active
Size
1,872 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,479
Building Details
Building Size
1,872 SF
Year Built
1925
Tenancy
Multi
Listing Agency:
Keller Williams Realty Empire
Listed By:
Alana McIntosh · License #10301209681
(646) 820-8441
Source:
Carlinwright
Added: Jul 16
Changed: Oct 26
Last Checked: Oct 25 at 1:55AM
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 Keller Williams Realty Empire
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Investment Insights
Based on property information with market context.
Built in 1921 and renovated top to bottom, this turnkey duplex offers 1,872 square feet across two mirror-image units. Each unit features three bedrooms and one bathroom, with hardwood floors, oversized windows, and open, light-filled layouts. The kitchens are updated with granite countertops, custom cabinetry, deep prep sinks, and full stainless steel appliance packages. Bathrooms include custom tile, soaking tubs, and rainfall showers.
A finished floor-through basement provides washer-dryer hookups and additional flexible space that can support laundry, a gym, a workshop, or storage. Bright bedrooms can also serve as home offices or studios.
The property is sold with the second-floor tenant in place at market rent, providing immediate income while you stabilize operations or plan leasing strategy.
A finished floor-through basement provides washer-dryer hookups and additional flexible space that can support laundry, a gym, a workshop, or storage. Bright bedrooms can also serve as home offices or studios.
The property is sold with the second-floor tenant in place at market rent, providing immediate income while you stabilize operations or plan leasing strategy.
Key Highlights
- Renovated 1921 row house featuring 1,872 SF across two mirror‑image 3‑bed, 1‑bath units (6 bedrooms total, 3 baths total).
- Hardwood floors and oversized windows with bright, open, light‑filled layouts in both units.
- Kitchens updated with granite countertops, custom cabinetry, deep prep sinks, and stainless steel appliance packages.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,561
Cap Rate
6.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,311,220
$1.3M
Cap Rate 7%
$936,586
$936.6K
Cap Rate 9%
$728,456
$728.5K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$95.5K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$93.7K $50.03/SF
− OpEx
−$28.1K −$15.01/SF
NOI
$65.6K $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%
$1,311,220
Cap Rate 7%
$936,586
Cap Rate 9%
$728,456
Alternative Uses
Best Use
Multifamily LT 5
$936.6K
$819.5K – $1.09M
NOI $65,561 @ 7.0% cap · market cap 6.69%
Second Best
Apartment 5plus
$816.4K
$714.4K – $952.5K
NOI $57,150 @ 7.0% cap · market cap 5.83%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,241
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated 1921 duplex with two mirror-image 3-bedroom units, hardwood floors, and a finished floor-through basement.
Where is this duplex located?
The property is located at 1269 E 94th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Renovated 1921 row house featuring 1,872 SF across two mirror‑image 3‑bed, 1‑bath units (6 bedrooms total, 3 baths total).; Hardwood floors and oversized windows with bright, open, light‑filled layouts in both units.; Kitchens updated with granite countertops, custom cabinetry, deep prep sinks, and stainless steel appliance packages.
