Canarsie Two-Family Home with
1331 E 86th Street Brooklyn, NY 11236
1331 E 86th Street, Brooklyn, NY, 11236
$719,000
For Sale
$719,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,400 SF
Lot Size0.05 Acres
Price / SF$513.57
Days on Market172
Property Features for 1331 E 86th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R5
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 1
- Patio and Porch features
- Porch, Patio
- Interior features
- A/C Unit - Wall, Dryer, Laundry Area, Patio Garden, Porch, Terrace
- Basement
- Crawl Space
- Standard status
- Active
- Size
- 1,400 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4703
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Ceramic
- Building materials
- Brick
- Roof type
- Asphalt
- Architectural style
- Other
Listing agency
Charles Rutenberg Realty Inc
(516) 575-7500
Listed by
Jamil Leigh
(516) 575-7500
Added: Jan 30 Updated: Jul 11 at 6:35PM Checked: Jul 21 at 7:06PM
MLS# 498713
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located in Canarsie, Brooklyn, this two-family home at 1331 E 86th Street presents an opportunity for both end-users and investors. True two-family properties with dedicated parking are increasingly scarce in this neighborhood. The property features a second-floor 2-bedroom, 1-bath apartment and a first-floor 1-bedroom apartment. The second-floor unit includes access to a first-floor laundry room. A major highlight is dedicated one-car parking for the owner. Situated on a quiet residential block, the home offers access to public transportation, shopping, schools, and neighborhood amenities. The property, zoned R5, sits on a lot of 0.0459 acres and has a property size of 1400 square feet. The second floor will be delivered vacant, and the whole house can possibly be delivered vacant.
Key Highlights
- Two‑family home in Canarsie with dedicated one‑car parking
- Second‑floor unit: 2 bedrooms, 1 bathroom; delivered vacant for the new buyer
- First‑floor unit: 1‑bedroom apartment
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.4k | $51.00 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $70.0k | $50.03 |
| − OpEx | −$21.0k | −$15.01 |
| NOI | $49.0k | $35.02 |
1,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$700.4K
$612.9K – $817.2K
NOI $49,030 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$610.6K
$534.3K – $712.4K
NOI $42,741 @ 7.0% cap · market cap 5.94%
Theoretical Best
Specialty Retail
$1.16M
$1.01M – $1.35M
NOI $81,144 @ 7.0% cap · market cap 11.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in Canarsie with parking and convenient amenities.
Where is this duplex located?
The property is located at 1331 E 86th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: Two‑family home in Canarsie with dedicated one‑car parking; Second‑floor unit: 2 bedrooms, 1 bathroom; delivered vacant for the new buyer; First‑floor unit: 1‑bedroom apartment
