Detached Duplex With
For Sale
$869,000
1448 Mill Avenue, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,368 SF
Lot Size0.06 Acres
Price / SF$635.23
Days on Market53
Property Features for 1448 Mill Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Mill Basin
Standard status
Active
Size
1,368 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6074
Amenities
yard
Building Details
Year built
1925
Flooring type
Tile, Hardwood
Roof type
Shingle
Architectural style
Other
Listing Agency:
Tracey Real Estate
Listed By:
Diego Santacruz
(718) 376-4994
Added: Sep 4
Changed: Oct 20
Last Checked: Oct 26 at 5:06PM
MLS# 504274
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.
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Investment Insights
Based on property information with market context.
This detached duplex contains 1,368 square feet with three bedrooms and three bathrooms. The home includes a full finished basement, private driveway, detached garage, and yard. Interior features include a refrigerator and stove, with tile and hardwood flooring throughout portions of the residence.
Constructed in 1925, the property sits on 0.0597 acres and carries R3-2 zoning. The address is 1448 Mill Avenue in Brooklyn’s Mill Basin area, within Kings County. A shingle roof completes the exterior improvements.
Constructed in 1925, the property sits on 0.0597 acres and carries R3-2 zoning. The address is 1448 Mill Avenue in Brooklyn’s Mill Basin area, within Kings County. A shingle roof completes the exterior improvements.
Key Highlights
- Detached duplex with 1,368 square feet of property size
- Three bedrooms and three bathrooms
- Full finished basement, private drive, detached garage, and yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,910
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$958,200
$958.2K
Cap Rate 7%
$684,429
$684.4K
Cap Rate 9%
$532,333
$532.3K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$69.8K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$68.4K $50.03/SF
− OpEx
−$20.5K −$15.01/SF
NOI
$47.9K $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%
$958,200
Cap Rate 7%
$684,429
Cap Rate 9%
$532,333
Alternative Uses
Best Use
Multifamily LT 5
$684.4K
$598.9K – $798.5K
NOI $47,910 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$596.6K
$522.1K – $696.1K
NOI $41,764 @ 7.0% cap · market cap 4.81%
Theoretical Best
Specialty Retail
$1.13M
$991.1K – $1.32M
NOI $79,289 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,724
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Residential duplex with a private drive, yard, finished basement, and three bathrooms.
Where is this duplex located?
The property is located at 1448 Mill Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Detached duplex with 1,368 square feet of property size; Three bedrooms and three bathrooms; Full finished basement, private drive, detached garage, and yard
