Two-Unit Brick
For Sale
$869,990
1439 Schenectady Avenue, Brooklyn, NY 11203
The upper residence has three bedrooms, while a separate walk-in apartment provides a one-bedroom layout.
Property Size1,824 SF
Price / SF$476.97
Days on Market15
Property Features for 1439 Schenectady Avenue
General Information
Standard status
Active
Size
1,824 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
1 x 3BR, 1 x 1BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,284
Amenities
First Floor Bedroom
First Floor Full Bath
Eat-in Kitchen
Building Details
Building Size
1,824 SF
Year Built
1955
Units
2
Construction
all-brick
Listing Agency:
RE/MAX Southshore Realty
Listed By:
Kenny Kamil Sattaur
(718) 276-4848
Source:
Croninreale
Added: Oct 12
Changed: Oct 25
Last Checked: Oct 26 at 3:55AM
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 RE/MAX Southshore Realty
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Investment Insights
Based on property information with market context.
This attached brick duplex contains two apartments, with a three-bedroom residence above a one-bedroom walk-in unit. Each apartment includes an eat-in kitchen and a living room. The property measures 1,824 square feet and was built in 1955.
Rear driveway access accommodates two cars. The property is located in Brooklyn’s East Flatbush section.
Rear driveway access accommodates two cars. The property is located in Brooklyn’s East Flatbush section.
Key Highlights
- Two apartments: three‑bedroom upper unit and one‑bedroom walk‑in apartment
- 1,824 square feet; built in 1955
- Each unit has an eat‑in kitchen and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,880
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,600
$1.3M
Cap Rate 7%
$912,571
$912.6K
Cap Rate 9%
$709,778
$709.8K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$93.0K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$91.3K $50.03/SF
− OpEx
−$27.4K −$15.01/SF
NOI
$63.9K $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%
$1,277,600
Cap Rate 7%
$912,571
Cap Rate 9%
$709,778
Alternative Uses
Best Use
Multifamily LT 5
$912.6K
$798.5K – $1.06M
NOI $63,880 @ 7.0% cap · market cap 7.34%
Second Best
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,685 @ 7.0% cap · market cap 6.40%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,719 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
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Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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 - The upper residence has three bedrooms, while a separate walk-in apartment provides a one-bedroom layout.
Where is this duplex located?
The property is located at 1439 Schenectady Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $869,990.
What are key features of this property?
This property features: Two apartments: three‑bedroom upper unit and one‑bedroom walk‑in apartment; 1,824 square feet; built in 1955; Each unit has an eat‑in kitchen and living room
