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Renovated Two-Family Brooklyn Home

1335 71st Street Brooklyn, NY 11228

Claim this Listing
For Sale
$2,280,000

MULTI_FAMILY - Brooklyn, NY

Property size:
3,300 SF
Lot size:
0.05 Acres
Price / SF:
$690.91/SF
Added:
Apr 13, 2026
Days on Market:
92
Last Refresh:
Jul 13 at 7:06 pm

Property Features for 1335 71st Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Interior features
Refrigerator, Stove
Basement
Finished, Full
Standard status
Active
Size
3,300 SF
Lot size
0.05 Acres

Taxes and HOA fees

Tax Annual Amount
7227

Building Details

Year built
1910
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat

Listing agent Hang (Tyler) Chen

Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

Listing date Apr 13, 2026

MLS# 500438 Listing URL

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.

This two-family home, fully renovated in 2026, features a building size of 20*55 on a 20*100 lot. Each unit offers modern finishes and spacious layouts. The property includes a fully finished basement with 8-foot ceilings. There are two gas meters and two electric meters. Located in a prime Brooklyn neighborhood, the property is near shopping, public transportation, and everyday amenities. The property size is 3300 square feet and the lot size is 0.0459 acres. The zoning is R5B. This property presents an opportunity for both end-users and investors.

Key Highlights

  • Fully renovated in 2026 two‑family home with a 20' x 55' building on a 20' x 100' lot
  • Two‑family setup with 4 bedrooms across the home plus 2 bathrooms (Bedroom 1–4; Bathroom 1–2)
  • Fully finished basement with 8‑foot ceilings

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 $168.3k $51.00
− Vacancy −$3.2k −$0.97
EGI $165.1k $50.03
− OpEx −$49.5k −$15.01
NOI $115.6k $35.02
3,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M (±1% cap)
NOI $115,572 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M (±1% cap)
NOI $100,746 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M (±1% cap)
NOI $191,268 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Real Estate Agency Parking Lot & Garage Hotel & Motel Bar & Pub Gym & Fitness Center Nursing Home Skin Care Clinic Nursing Home Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully renovated two-family home in prime Brooklyn location.
Where is this duplex located?
The property is located at 1335 71st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,280,000.
What are key features of this property?
This property features: Fully renovated in 2026 two‑family home with a 20' x 55' building on a 20' x 100' lot; Two‑family setup with 4 bedrooms across the home plus 2 bathrooms (Bedroom 1–4; Bathroom 1–2); Fully finished basement with 8‑foot ceilings
Contact an agent
More about this property
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