Five-Bedroom
For Sale
$819,900
1338 PARK Place, Brooklyn, NY 11213
Two eat-in kitchens, two full baths, and driveway parking serve this residential property.
Property Size1,815 SF
Price / SF$451.74
Days on Market60
Property Features for 1338 PARK Place
General Information
Standard status
Active
Size
1,815 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,628
Building Details
Building Size
1,815 SF
Year Built
2005
Listing Agency:
ISLAND ADVANTAGE REALTY LLC
Listed By:
Todd Yovino · License #49YO0956714
(516) 819-7800
Source:
Penrealty
Added: Aug 28
Changed: Oct 25
Last Checked: Oct 25 at 12:52AM
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 ISLAND ADVANTAGE REALTY LLC
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Investment Insights
Based on property information with market context.
This duplex contains 1,815 square feet with five bedrooms, two full baths, and two eat-in kitchens. Driveway parking is also provided.
Built in 2005, the property is located at 1338 PARK Place in Brooklyn, NY 11213.
Built in 2005, the property is located at 1338 PARK Place in Brooklyn, NY 11213.
Key Highlights
- Five‑bedroom duplex with 1,815 square feet
- Two full baths
- Two eat‑in kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,564
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,280
$1.3M
Cap Rate 7%
$908,057
$908.1K
Cap Rate 9%
$706,267
$706.3K
Market Conditions
NOI Build-Up for 1,815 SF
Gross rent
$92.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$90.8K $50.03/SF
− OpEx
−$27.2K −$15.01/SF
NOI
$63.6K $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%
$1,271,280
Cap Rate 7%
$908,057
Cap Rate 9%
$706,267
Alternative Uses
Best Use
Multifamily LT 5
$908.1K
$794.6K – $1.06M
NOI $63,564 @ 7.0% cap · market cap 7.75%
Second Best
Apartment 5plus
$791.6K
$692.6K – $923.5K
NOI $55,410 @ 7.0% cap · market cap 6.76%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,197 @ 7.0% cap · market cap 12.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
4,901
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two eat-in kitchens, two full baths, and driveway parking serve this residential property.
Where is this duplex located?
The property is located at 1338 PARK Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $819,900.
What are key features of this property?
This property features: Five‑bedroom duplex with 1,815 square feet; Two full baths; Two eat‑in kitchens
