Two-Family Duplex With Garden
New
For Sale
$1,725,000
140 WOODBINE Street, Brooklyn, NY 11221
The building pairs an upper-level duplex with a separate garden apartment, with both leases ending in spring 2027.
Property Size2,300 SF
Price / SF$750
Days on Market7
Property Features for 140 WOODBINE Street
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,356
Building Details
Building Size
2,300 SF
Year Built
1905
Buildings
1
Tenancy
Multi
Listing Agency:
Corcoran Group
Listed By:
Victoria Lee Reichelt
(917) 226-9597
Source:
Howardhannanyc
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 7:15PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This two-family property is arranged as an upper duplex and a garden apartment. The interiors are described as bright and well maintained. Both current leases are scheduled to expire in mid-April 2027, and the property carries a cap rate above 5%.
Located on Woodbine Street in Brooklyn’s Bushwick neighborhood, the property has access to transportation and nearby dining, cafes, and creative spaces.
Located on Woodbine Street in Brooklyn’s Bushwick neighborhood, the property has access to transportation and nearby dining, cafes, and creative spaces.
Key Highlights
- Two residential units: an upper duplex and a garden apartment
- Both leases expire in mid‑April 2027
- Cap rate above 5%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,550
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,611,000
$1.6M
Cap Rate 7%
$1,150,714
$1.2M
Cap Rate 9%
$895,000
$895.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$117.3K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$115.1K $50.03/SF
− OpEx
−$34.5K −$15.01/SF
NOI
$80.5K $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%
$1,611,000
Cap Rate 7%
$1,150,714
Cap Rate 9%
$895,000
Alternative Uses
Best Use
Multifamily LT 5
$1.15M
$1.01M – $1.34M
NOI $80,550 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$1.00M
$877.7K – $1.17M
NOI $70,217 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$1.90M
$1.67M – $2.22M
NOI $133,308 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,740
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The building pairs an upper-level duplex with a separate garden apartment, with both leases ending in spring 2027.
Where is this duplex located?
The property is located at 140 WOODBINE Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Two residential units: an upper duplex and a garden apartment; Both leases expire in mid‑April 2027; Cap rate above 5%
