Renovated Two-Family
1347 Bergen Street, Brooklyn, NY 11213
For Sale
New
$2,595,000
The property pairs a three-bedroom main residence with a separate garden-level apartment featuring one bedroom and a home office.
Property Size3,392 SF
Price / SF$765.04
Days on Market4
Property Features for 1347 Bergen Street
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
deck
laundry
Building Details
Building Size
Year Built
Construction
Listing Agency:
Compass
Listed By:
MATTHEW KIRBY-SMITH · License NY #10401329542
(718) 689-2018
Source:
Howardhannanyc
Added: Nov 12
Changed: Nov 14
Last Checked: Nov 14 at 2:14PM
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 Compass
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Investment Insights
Based on property information with market context.
This renovated legal two-family townhouse, built in 1901, contains 3,392 square feet. The main residence has three bedrooms, two full bathrooms, a separate powder room, a kitchen with an island and pantry storage, and a dedicated laundry room. A rear deck connects to the backyard on a 107-foot-deep lot. The garden-level apartment has one bedroom, a home office, 1.5 baths, its own laundry, and an L-shaped kitchen with a dining nook. A partially finished basement has 6.5-foot ceilings. Mini-split systems provide climate control throughout.
The property is on Bergen Street in Crown Heights, among historic townhouses and mature trees. Prospect Park, the Brooklyn Museum, and Brooklyn Botanic Garden are within easy reach.
The property is on Bergen Street in Crown Heights, among historic townhouses and mature trees. Prospect Park, the Brooklyn Museum, and Brooklyn Botanic Garden are within easy reach.
Key Highlights
- Legal two‑family townhouse with 3,392 square feet
- Main residence has three bedrooms, two full baths, and a powder room
- Garden‑level apartment includes one bedroom, a home office, and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,794
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,375,880
$2.4M
Cap Rate 7%
$1,697,057
$1.7M
Cap Rate 9%
$1,319,933
$1.3M
Market Conditions
NOI Build-Up for 3,392 SF
Gross rent
$173.0K $51.00/SF
− Vacancy
−$3.3K −$0.97/SF
EGI
$169.7K $50.03/SF
− OpEx
−$50.9K −$15.01/SF
NOI
$118.8K $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%
$2,375,880
Cap Rate 7%
$1,697,057
Cap Rate 9%
$1,319,933
Alternative Uses
Best Use
Multifamily LT 5
$1.70M
$1.48M – $1.98M
NOI $118,794 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.73M
NOI $103,554 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$2.81M
$2.46M – $3.28M
NOI $196,600 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,055
Businesses Nearby
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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
$1,184,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property pairs a three-bedroom main residence with a separate garden-level apartment featuring one bedroom and a home office.
Where is this duplex located?
The property is located at 1347 Bergen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Legal two‑family townhouse with 3,392 square feet; Main residence has three bedrooms, two full baths, and a powder room; Garden‑level apartment includes one bedroom, a home office, and 1.5 baths
