Two-Family Brick
1392 Troy Avenue Brooklyn, NY 11203
1392 Troy Avenue, Brooklyn, NY, 11203
$798,000
For Sale
$798,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,938 SF
Lot Size0.04 Acres
Price / SF$411.76
Days on Market9
Property Features for 1392 Troy Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3
- Parking features
- Garage - Detached
- Interior features
- A/C Unit - Wall, Laundry Area, Refrigerator
- Standard status
- Active
- Size
- 1,938 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7584
Building Details
- Year built
- 1940
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Laminate, Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Pride Estates
(718) 569-2888
3215 Quentin Rd, Brooklyn, NY
Listed by
Alice Lee
(718) 569-2888
Added: Jul 8 Checked: Jul 16 at 3:06 pm
MLS# 502857
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.
A well-maintained brick two-family duplex at 1392 Troy Avenue offers soaring 9-foot ceilings and a versatile, owner-occupant or investor-friendly configuration. The three-bedroom owner’s duplex includes a spacious living room, formal dining room, and a kitchen with granite countertops. From the duplex, residents have access to the rear porch and backyard, and the property also features beautifully maintained original parquet floors throughout. The lower-level studio apartment has its own private entrance, along with a kitchen and a 3/4 bathroom.
Additional functionality includes a separate utility and laundry room with access to the backyard. Parking is supported by a detached two-car garage and a community driveway. The property is zoned R4 and sits on a 0.0409-acre lot.
This layout can work for tenants or buyers looking for independent living spaces within a single building, with the duplex positioned above the studio and both units equipped with dedicated features like the studio’s private entrance and separate bathroom. Convenient proximity to parks, shopping, restaurants, schools, and public transportation—including access to nearby subway and bus routes—adds to everyday livability for long-term residents.
Additional functionality includes a separate utility and laundry room with access to the backyard. Parking is supported by a detached two-car garage and a community driveway. The property is zoned R4 and sits on a 0.0409-acre lot.
This layout can work for tenants or buyers looking for independent living spaces within a single building, with the duplex positioned above the studio and both units equipped with dedicated features like the studio’s private entrance and separate bathroom. Convenient proximity to parks, shopping, restaurants, schools, and public transportation—including access to nearby subway and bus routes—adds to everyday livability for long-term residents.
Key Highlights
- Solid brick two‑family home built in 1940 in East Flatbush
- 3‑bedroom owner's duplex with 9‑foot ceilings, living room, formal dining room, and kitchen with granite countertops
- Separate ground‑level studio apartment with private entrance, kitchen, and 3/4 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 | $98.8k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $97.0k | $50.03 |
| − OpEx | −$29.1k | −$15.01 |
| NOI | $67.9k | $35.02 |
1,938 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$969.6K
$848.4K – $1.13M
NOI $67,872 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$845.2K
$739.6K – $986.1K
NOI $59,165 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $112,326 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick two-family with a three-bedroom duplex over a studio, plus private entrances, garage, and outdoor space.
Where is this duplex located?
The property is located at 1392 Troy Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $798,000.
What are key features of this property?
This property features: Solid brick two‑family home built in 1940 in East Flatbush; 3‑bedroom owner's duplex with 9‑foot ceilings, living room, formal dining room, and kitchen with granite countertops; Separate ground‑level studio apartment with private entrance, kitchen, and 3/4 bathroom
