Canarsie Two-Family
1446 E 89th Street Brooklyn, NY 11236
For Sale
Contact for pricing
Two-family home in Canarsie, delivered vacant and ready.
Property Size1,800 SF
Price / SF$666.67
Days on Market659
Property Features for 1446 E 89th Street
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Mixed Use
Listing Agency:
REL REAL ESTATE
Listed By:
Ariel "ARI" Spiegel · License #NY 10311206052
Source:
Crexi
Added: Oct 9, 2024
Changed: Jul 6
Last Checked: Jul 28 at 5:16AM
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 REL REAL ESTATE
Investment Insights
Based on property information with market context.
Located in the Canarsie neighborhood, just off Seaview Avenue, this two-family home presents an investment opportunity or a residence for a first-time homebuyer. The property contains 1800 square feet. Both units are being delivered vacant.
Key Highlights
- Delivered vacant, ready for immediate occupancy or renovation.
- Two‑family home, offering potential rental income or multi‑generational living.
- Located in the desirable Canarsie neighborhood.
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 | $91.8k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $90.1k | $50.03 |
| − OpEx | −$27.0k | −$15.01 |
| NOI | $63.0k | $35.02 |
1,800 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$900.6K
$788.0K – $1.05M
NOI $63,039 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$785.0K
$686.9K – $915.9K
NOI $54,952 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.74M
NOI $104,328 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Canarsie, delivered vacant and ready.
Where is this duplex located?
The property is located at 1446 E 89th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Delivered vacant, ready for immediate occupancy or renovation.; Two‑family home, offering potential rental income or multi‑generational living.; Located in the desirable Canarsie neighborhood.
