Waterfront New Construction
For Sale
$1,880,000
1 Opal Ct, Brooklyn, NY 11229
Detached two-family residence with private boating access, panoramic water views, separate utilities, and energy-efficient systems.
Property Size3,380 SF
Lot Size0.11 Acres
Days on Market96
Property Features for 1 Opal Ct
General Information
Standard status
Active
Size
3,380 SF
Lot size
0.11 Acres
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
2
Building Details
Building Size
3,380 SF
Year Built
2026
Buildings
1
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Jul 5
Changed: Sep 30
Last Checked: Oct 7 at 1:51PM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Completed in 2026, this detached duplex pairs two three-bedroom residences with contemporary construction and direct waterfront exposure. The three-story layout includes a high-ceiling lower level with utility space, a three-bedroom second-floor home with a waterfront balcony, designer kitchen, primary suite, walk-in closet, spa-style bath, and laundry area, plus an upper residence with two full baths, a second laundry area, and a large L-shaped balcony. A detached two-car garage, private driveway, additional front parking, solar-panel roof, central HVAC, and high-efficiency mechanical systems complete the property.
The residence occupies a 4,622 sq. ft. lot and includes approximately 1,000 feet of private waterfront with existing dock pilings for a future private dock. The included boat adds to the property’s boating function. Separate utilities comprise 2 gas and 3 electric meters. The property is at 1 Opal Ct, Brooklyn, NY 11229, with access to Manhattan, major highways, shopping, and dining. Walk Score is 85, Transit Score is 79, and bikeScore is 71.
The residence occupies a 4,622 sq. ft. lot and includes approximately 1,000 feet of private waterfront with existing dock pilings for a future private dock. The included boat adds to the property’s boating function. Separate utilities comprise 2 gas and 3 electric meters. The property is at 1 Opal Ct, Brooklyn, NY 11229, with access to Manhattan, major highways, shopping, and dining. Walk Score is 85, Transit Score is 79, and bikeScore is 71.
Key Highlights
- Duplex completed in 2026 with two three‑bedroom residences
- Approximately 1,000 feet of private waterfront with existing dock pilings
- Boat included with sale; future private dock can be built
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,373
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,367,460
$2.4M
Cap Rate 7%
$1,691,043
$1.7M
Cap Rate 9%
$1,315,256
$1.3M
Market Conditions
NOI Build-Up for 3,380 SF
Gross rent
$172.4K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$169.1K $50.03/SF
− OpEx
−$50.7K −$15.01/SF
NOI
$118.4K $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%
$2,367,460
Cap Rate 7%
$1,691,043
Cap Rate 9%
$1,315,256
Alternative Uses
Best Use
Multifamily LT 5
$1.69M
$1.48M – $1.97M
NOI $118,373 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$1.47M
$1.29M – $1.72M
NOI $103,188 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$2.80M
$2.45M – $3.27M
NOI $195,905 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family residence with private boating access, panoramic water views, separate utilities, and energy-efficient systems.
Where is this duplex located?
The property is located at 1 Opal Ct Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,880,000.
What are key features of this property?
This property features: Duplex completed in 2026 with two three‑bedroom residences; Approximately 1,000 feet of private waterfront with existing dock pilings; Boat included with sale; future private dock can be built
