Two-Unit Historic
For Sale
$999,000
Pending
1270 Prospect Place, Brooklyn, NY 11213
Three-level property with a full basement, front patio, and fenced rear yard.
Property Size1,626 SF
Days on Market56
Property Features for 1270 Prospect Place
General Information
Standard status
Pending
Size
1,626 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,328
Amenities
front patio
private rear yard
Building Details
Building Size
1,626 SF
Year Built
1910
Stories
3
Construction
clapboard rowhouse
Listing Agency:
Bizzarro Agency LLC
Listed By:
Matthew J Bizzarro
(917) 979-2259
Source:
Miradorrealestate
Added: Aug 24
Changed: Oct 13
Last Checked: Oct 16 at 6:15PM
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 Bizzarro Agency LLC
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Investment Insights
Based on property information with market context.
This two-unit clapboard rowhouse was built in 1910 and spans three levels, with a full basement and outdoor areas at both the front and rear. The main residence includes hardwood floors, a living room with a three-sided bay window, a windowed kitchen, full bath, bedroom, and bonus room. The upper unit offers its own kitchen, full bath, bay-windowed living room, bedroom, and additional room suitable for desk space. The basement provides an open central area, full bath, closet, utility room, and private walk-out access.
The property is within Brooklyn’s Crown Heights North Historic District on a tree-lined street across from St. John’s Park. The location is also near the Brooklyn Children’s Museum, Brooklyn Botanic Garden, independent shops, restaurants, and multiple MTA stations within a few blocks. A front patio and private fenced rear yard provide additional exterior space.
The property is within Brooklyn’s Crown Heights North Historic District on a tree-lined street across from St. John’s Park. The location is also near the Brooklyn Children’s Museum, Brooklyn Botanic Garden, independent shops, restaurants, and multiple MTA stations within a few blocks. A front patio and private fenced rear yard provide additional exterior space.
Key Highlights
- Two‑unit residential property arranged across three levels
- Built in 1910 within the Crown Heights North Historic District
- Full basement with open area, full bath, utility room, and private walk‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,945
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,138,900
$1.1M
Cap Rate 7%
$813,500
$813.5K
Cap Rate 9%
$632,722
$632.7K
Market Conditions
NOI Build-Up for 1,626 SF
Gross rent
$82.9K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$81.4K $50.03/SF
− OpEx
−$24.4K −$15.01/SF
NOI
$56.9K $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%
$1,138,900
Cap Rate 7%
$813,500
Cap Rate 9%
$632,722
Alternative Uses
Best Use
Multifamily LT 5
$813.5K
$711.8K – $949.1K
NOI $56,945 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$709.1K
$620.5K – $827.3K
NOI $49,640 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,243 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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 - Three-level property with a full basement, front patio, and fenced rear yard.
Where is this duplex located?
The property is located at 1270 Prospect Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑unit residential property arranged across three levels; Built in 1910 within the Crown Heights North Historic District; Full basement with open area, full bath, utility room, and private walk‑out
