Building Details

Floors in Building 3

Number of units 2

Flooring type Hardwood, Ceramic

Building materials Wood Frame

Roof type Flat

Listing Agency: Ashford Homes LLC

Listed By: Ray Long Wu Show Phone

Added: Jul 7 Changed: Oct 13 Last Checked: Oct 18 at 1:06AM

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MLS# 502835

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Investment Insights

Based on property information with market context.

This 2,400-square-foot semi-detached duplex contains two residential levels and a basement with its own entrance. The first floor has one bedroom and one bathroom, while the second floor includes two bedrooms and one bathroom. Renovations include new appliances and a combination of ceramic and hardwood flooring. The property also features an A/C unit, wood-frame construction, and a flat roof.

Outdoor features include a backyard and deck. The 0.0459-acre parcel is located at 128 19th Street in Brooklyn, NY 11232, within Kings County. The property carries an M1-2 zoning designation. The basement’s separate access provides additional flexibility for storage or other uses, without assigning a specific use not documented in the property information.

Key Highlights

• 2,400‑square‑foot semi‑detached duplex on a 0.0459‑acre parcel
• Two‑family layout with 1‑bedroom and 2‑bedroom residential floors
• Basement includes a separate entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$84,052

Cap Rate

5.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,681,040 $1.7M

Cap Rate 7%

$1,200,743 $1.2M

Cap Rate 9%

$933,911 $933.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$122.4K $51.00/SF

− Vacancy

−$2.3K −$0.97/SF

EGI

$120.1K $50.03/SF

− OpEx

−$36.0K −$15.01/SF

NOI

$84.1K $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%

$1,681,040

Cap Rate 7%

$1,200,743

Cap Rate 9%

$933,911

Alternative Uses

Best Use

Multifamily LT 5

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,052 @ 7.0% cap · market cap 5.84%

Second Best

Apartment 5plus

$1.05M

$915.9K – $1.22M (±1% cap)

NOI $73,270 @ 7.0% cap · market cap 5.09%

Theoretical Best

Specialty Retail

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,104 @ 7.0% cap · market cap 9.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Nursing Home Accounting Firm Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

4,673

Businesses Nearby

Explore this area Business Placement

Demographics for 11232, NY

30,181

Population

10,004

Households

3

Avg Household Size

35

Median Age

36%

College-Educated

69%

High-School Grad

1.2 sq mi

ZIP Area

25,151

Density / Sq Mi

$87,517

Median Household Income

$45,983

Median Earnings

$1,972

Median Rent

$782,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family property with a separate-entry basement and updated interior finishes.

Where is this duplex located?

The property is located at 128 19th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,439,000.

What are key features of this property?

This property features: 2,400‑square‑foot semi‑detached duplex on a 0.0459‑acre parcel; Two‑family layout with 1‑bedroom and 2‑bedroom residential floors; Basement includes a separate entrance