Brooklyn Two-Family Corner
1384 E 70th Street Brooklyn, NY 11234
1384 E 70th Street, Brooklyn, NY, 11234
$1,285,000
For Sale
$1,285,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,850 SF
Lot Size0.09 Acres
Price / SF$450.88
Days on Market290
Property Features for 1384 E 70th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- r3-1
- Bathrooms
- 5
- Rooms
- Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 2, Bathroom 3
- Parking features
- Garage - Attached
- Patio and Porch features
- Porch, Deck
- Interior features
- Central Air, Deck, Dishwasher, Fireplace, Garage Door Opener(s), Laundry Area, Microwave, Porch, Refrigerator, Stove
- Fireplace
- 1
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 2,850 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9621
Building Details
- Year built
- 2004
- Number of units
- 2
- Flooring type
- Parquet Wood, Tile
- Building materials
- Brick, Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Talk of the Town Realty Corp.
(718) 251-7400
2054 Ralph Avenue, Brooklyn, NY
Listed by
Irina Koroleva-Fliorent
(718) 251-7400
Added: Oct 1, 2025 Checked: Jul 17 at 2:06 am
MLS# 496257
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 corner property is located off Avenue N in Brooklyn's Bergen Beach neighborhood. The property includes an owner's apartment featuring four bedrooms and three bathrooms. Additionally, there is a tenant apartment with one bedroom and one full bathroom. The property also features a full finished basement with a separate entrance. The lot size is 0.0865 acres. The property size is 2,850 square feet. The zoning is R3-1.
Key Highlights
- Brick and wood frame two‑family corner property with owner apartment plus tenant apartment
- Owner apartment features 4 bedrooms and 3 bathrooms
- Tenant apartment features 1 bedroom and 1 full bathroom
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 | $145.4k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $142.6k | $50.03 |
| − OpEx | −$42.8k | −$15.01 |
| NOI | $99.8k | $35.02 |
2,850 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,812 @ 7.0% cap · market cap 7.77%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,008 @ 7.0% cap · market cap 6.77%
Theoretical Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $165,186 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flamingo Daycare For Children
High School
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family corner property in Brooklyn's Bergen Beach neighborhood.
Where is this duplex located?
The property is located at 1384 E 70th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Brick and wood frame two‑family corner property with owner apartment plus tenant apartment; Owner apartment features 4 bedrooms and 3 bathrooms; Tenant apartment features 1 bedroom and 1 full bathroom
