Listing Agency: Hometown Properties

Listed By: Veronica Livia · License #NY

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Sep 1 at 6:05AM

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Investment Insights

Based on property information with market context.

Located at 223 East 4th Street in Kensington, this duplex is legally configured as a two-family house. The property includes an 1800 Sqft lot and has primarily been used as a single-family residence, providing a documented two-family setup with a history of residential use.

The home is being offered for the first time in over 50 years. Its Kensington address places the property in Brooklyn, NY 11218, with the legal two-family designation and existing residential configuration central to the offering.

Key Highlights

• Legal 2 Family House
• 1800 Sqft lot
• First time on the market in over 50 years

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Locksmith Carpet & Flooring Store HVAC Service Tanning 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.

Location Intelligence

Trade Area within ½ mile

3,783

Businesses Nearby

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Demographics for 11218, NY

78,642

Population

27,403

Households

2.9

Avg Household Size

35

Median Age

51%

College-Educated

86%

High-School Grad

1.4 sq mi

ZIP Area

56,173

Density / Sq Mi

$95,916

Median Household Income

$55,190

Median Earnings

$1,966

Median Rent

$914,300

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 - Residential property with documented legal status for two households.

Where is this duplex located?

The property is located at 223 East 4th Street Kensington Kensington, NY.

What are key features of this property?

This property features: Legal 2 Family House; 1800 Sqft lot; First time on the market in over 50 years