Corner Brick Duplex with
For Sale
$1,350,000
1401 Cropsey Ave, Brooklyn, NY 11228
Two-family brick residence with separate entrances, private driveway, detached garage, and park-facing exposure.
Property Size2,288 SF
Lot Size0.06 Acres
Price / SF$590.03
Days on Market50
Property Features for 1401 Cropsey Ave
General Information
Standard status
Active
Size
2,288 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,156
Building Details
Building Size
2,288 SF
Year Built
1935
Buildings
2
Stories
2
Construction
brick
Tenancy
Multi
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Source:
Elliman
Added: Sep 18
Changed: Nov 5
Last Checked: Nov 4 at 1:00PM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
This two-family brick residence, built in 1935, occupies a corner lot measuring 30x88 ft and includes a private driveway with a detached garage. The first level measures approximately 22x56 ft and contains a two-bedroom apartment with living space, an eat-in kitchen, and front, side, and rear entrances. The upper level measures approximately 22x48 ft and offers three bedrooms, an open living and dining area, a modern kitchen with peninsula seating, a front porch, and a rear deck.
Located in Dyker Park across from the Dyker Beach Park Golf Course, the property benefits from open views and natural light. The Belt Parkway is approximately one block away, while schools, playgrounds, shopping, restaurants, 86th St commercial activity, and public transportation are nearby. Walk Score is 92, Transit Score is 80, and Bike Score is 55.
Located in Dyker Park across from the Dyker Beach Park Golf Course, the property benefits from open views and natural light. The Belt Parkway is approximately one block away, while schools, playgrounds, shopping, restaurants, 86th St commercial activity, and public transportation are nearby. Walk Score is 92, Transit Score is 80, and Bike Score is 55.
Key Highlights
- Two‑family brick residence built in 1935
- 30x88 ft corner lot with private driveway and detached garage
- First floor measures approximately 22x56 ft with a 2‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,130
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,602,600
$1.6M
Cap Rate 7%
$1,144,714
$1.1M
Cap Rate 9%
$890,333
$890.3K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$116.7K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$114.5K $50.03/SF
− OpEx
−$34.3K −$15.01/SF
NOI
$80.1K $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%
$1,602,600
Cap Rate 7%
$1,144,714
Cap Rate 9%
$890,333
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.34M
NOI $80,130 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$997.9K
$873.1K – $1.16M
NOI $69,850 @ 7.0% cap · market cap 5.17%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,612 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,312
Businesses Nearby
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Business Placement
Demographics for 11228, NY
45,906
Population
16,336
Households
2.8
Avg Household Size
41
Median Age
37%
College-Educated
80%
High-School Grad
1.5 sq mi
ZIP Area
30,604
Density / Sq Mi
$80,737
Median Household Income
$47,062
Median Earnings
$1,828
Median Rent
$1,131,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick residence with separate entrances, private driveway, detached garage, and park-facing exposure.
Where is this duplex located?
The property is located at 1401 Cropsey Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Two‑family brick residence built in 1935; 30x88 ft corner lot with private driveway and detached garage; First floor measures approximately 22x56 ft with a 2‑bedroom apartment
