Corner Two-Family Brick
For Sale
$1,350,000
1401 Cropsey Avenue, Brooklyn, NY 11228
Residential, Brooklyn, NY
Property Size2,288 SF
Lot Size0.06 Acres
Price / SF$590.03
Days on Market52
Property Features for 1401 Cropsey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1, Bedroom 5, Bedroom 3
Parking features
Garage - Detached
Patio and Porch features
Deck, Porch
Interior features
A/C Unit - Wall, A/C Unit - Window, Deck, Dishwasher, Porch, Refrigerator, Stove, Terrace
Subdivision
Bath Beach
Standard status
Active
Size
2,288 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
9156
Building Details
Year built
1935
Floors in Building
2
Flooring type
Hardwood, Tile, Carpet
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Jason Zhou · License #JZ1320
(718) 612-3088
Added: Sep 16
Changed: Oct 29
Last Checked: Nov 6 at 5:06AM
MLS# 504596
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,288-square-foot duplex is a two-family brick residence built in 1935 on a 0.0606-acre corner lot measuring 30x88 feet. The first-floor apartment is approximately 22x56 feet with two bedrooms, a living room, eat-in kitchen, and front, side, and rear entrances. The second level measures approximately 22x48 feet and offers three bedrooms, an open living and dining area, kitchen with peninsula seating, front porch, and rear deck. Tile, carpet, and hardwood flooring are present throughout the home, along with wall and window A/C units, a dishwasher, refrigerator, and stove.
The property includes a detached garage and private driveway. Its corner position faces Dyker Beach Park Golf Course and provides open park and golf course exposure. The home is approximately one block from the Belt Parkway and near playgrounds, schools, 86th Street commercial amenities, shopping, restaurants, and public transportation. R4 zoning applies.
The property includes a detached garage and private driveway. Its corner position faces Dyker Beach Park Golf Course and provides open park and golf course exposure. The home is approximately one block from the Belt Parkway and near playgrounds, schools, 86th Street commercial amenities, shopping, restaurants, and public transportation. R4 zoning applies.
Key Highlights
- Two‑family brick duplex with 2,288 square feet of building area
- 0.0606‑acre corner lot measuring 30x88 feet
- First‑floor two‑bedroom apartment; second floor includes three bedrooms
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,577
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - R4-zoned residence with a private driveway, detached garage, outdoor living areas, and separate two-level apartment layouts.
Where is this duplex located?
The property is located at 1401 Cropsey Avenue 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 duplex with 2,288 square feet of building area; 0.0606‑acre corner lot measuring 30x88 feet; First‑floor two‑bedroom apartment; second floor includes three bedrooms
