Two-Family Brick
139 Milford Street Brooklyn, NY 11208
For Sale
$650,000
Legal two-family townhouse with an owner duplex and a top-floor rental unit in Brooklyn.
Property Size1,148 SF
Price / SF$566.20
Days on Market142
Property Features for 139 Milford Street
General Information
Standard status
Active
Size
1,148 SF
Property subtype
Manufactured On Land
Building Details
Year Built
1901
Listing Agency:
Stuyvesant Heights Realty Corp
(718) 676-0020
Listed By:
Keith Gauntlett
(718) 676-0020
Source:
Compass
Added: Mar 7
Changed: Jul 23
Last Checked: Jul 26 at 12:07PM
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 Stuyvesant Heights Realty Corp
Investment Insights
Based on property information with market context.
This legal two-family brick townhouse was built in 1901 and features an owner’s 3-bedroom duplex with 1 bathroom, along with a separate 1-bedroom rental unit on the top floor. The property presents classic townhouse character, and it does require some TLC, offering room for updates and customization.
Located in East New York, Brooklyn, the home is positioned near public transportation, including the J Train and the Q24 bus.
The configuration provides a duplex-style owner layout paired with a dedicated rental unit, supporting an owner-occupant or investor use case for a Brooklyn two-family property that can be rehabbed to fit the buyer’s plans.
Located in East New York, Brooklyn, the home is positioned near public transportation, including the J Train and the Q24 bus.
The configuration provides a duplex-style owner layout paired with a dedicated rental unit, supporting an owner-occupant or investor use case for a Brooklyn two-family property that can be rehabbed to fit the buyer’s plans.
Key Highlights
- Legal two‑family brick townhouse built in 1901 with an owner duplex plus a 1‑bedroom top‑floor rental unit
- Owner unit features 3 bedrooms and 1 bathroom on a duplex layout
- Top‑floor rental unit provides 1‑bedroom space to help offset expenses
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 | $44.1k | $38.40 |
| − Vacancy | −$2.0k | −$1.73 |
| EGI | $42.1k | $36.67 |
| − OpEx | −$12.6k | −$11.00 |
| NOI | $29.5k | $25.67 |
1,148 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$421.0K
$368.4K – $491.2K
NOI $29,470 @ 7.0% cap · market cap 4.53%
Second Best
Apartment 5plus
$374.9K
$328.0K – $437.3K
NOI $26,240 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$702.4K
$614.6K – $819.5K
NOI $49,170 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Legal two-family townhouse with an owner duplex and a top-floor rental unit in Brooklyn.
Where is this duplex located?
The property is located at 139 Milford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Legal two‑family brick townhouse built in 1901 with an owner duplex plus a 1‑bedroom top‑floor rental unit; Owner unit features 3 bedrooms and 1 bathroom on a duplex layout; Top‑floor rental unit provides 1‑bedroom space to help offset expenses
