Duplex Residential Income
1385 DEKALB Avenue PH, Brooklyn, NY 11221
For Sale
New
$1,849,999
A private elevator serves the duplex’s floors and provides access to its exclusive rooftop outdoor space.
Property Size2,219 SF
Price / SF$833.71
Days on Market7
Property Features for 1385 DEKALB Avenue PH
General Information
Standard status
Size
Elevators
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
private in-unit elevator
private roof deck
terrace
infrared sauna
in-unit washer/dryer
storage
Building Details
Building Size
Year Built
Listing Agency:
Serhant
Listed By:
Alexandra Newman
(646) 650-6456
Source:
Serhant
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 14 at 4:21PM
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 Serhant
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Investment Insights
Based on property information with market context.
Built in 2025, this two-residence condominium includes a three-bedroom, two-and-a-half-bath penthouse arranged across two levels. The home offers 2,219 square feet of interior space and 789 square feet of outdoor area, including a 582-square-foot private roof deck. An open living and dining area connects to a southeast-facing terrace, while the kitchen features a Bertazzoni induction range, double oven, French-door refrigerator, and quartz waterfall counters. The lower level contains three bedrooms, including a primary suite with an en-suite bath and infrared sauna. A private elevator, in-unit washer and dryer, and storage are also included.
The property is in Bushwick, near dining and retail along Wyckoff and Myrtle avenues. Roberta’s, Casa Ora, Sey, the Bushwick Collective, and L and M train service are nearby.
The property is in Bushwick, near dining and retail along Wyckoff and Myrtle avenues. Roberta’s, Casa Ora, Sey, the Bushwick Collective, and L and M train service are nearby.
Key Highlights
- Three‑bedroom, two‑and‑a‑half‑bath duplex penthouse
- 2,219 square feet of interior space and 789 square feet of outdoor area
- Private 582‑square‑foot roof deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,744
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,880
$1.4M
Cap Rate 7%
$967,771
$967.8K
Cap Rate 9%
$752,711
$752.7K
Market Conditions
NOI Build-Up for 2,219 SF
Gross rent
$125.7K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$123.2K $55.51/SF
− OpEx
−$55.4K −$24.98/SF
NOI
$67.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,880
Cap Rate 7%
$967,771
Cap Rate 9%
$752,711
Alternative Uses
Best Use
Apartment 5plus
$967.8K
$846.8K – $1.13M
NOI $67,744 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.14M
NOI $128,613 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
6,229
Businesses Nearby
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Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Brooklyn, NY
Properties on Market for Residential income properties in Brooklyn
Frequently Asked Questions
What type of property is this?
Residential income property - A private elevator serves the duplex’s floors and provides access to its exclusive rooftop outdoor space.
Where is this residential income property located?
The property is located at 1385 DEKALB Avenue PH Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,849,999.
What are key features of this property?
This property features: Three‑bedroom, two‑and‑a‑half‑bath duplex penthouse; 2,219 square feet of interior space and 789 square feet of outdoor area; Private 582‑square‑foot roof deck
