Two-Family Semi-Attached
1471 E 68th Street Brooklyn, NY 11234
For Sale
Contact for pricing
Two-family semi-attached residence with a fully finished, semi above-ground basement and side access.
Property Size2,236 SF
Price / SF$535.78
Days on Market89
Property Features for 1471 E 68th Street
General Information
- Standard status
- Active
- Size
- 2,236 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1986
Listing Agency:
Robert DeFalco Realty, Inc.
(718) 987-7900
Listed By:
Ann Marie Guerra · License #10401265726
Source:
Crexi
Added: Apr 26
Changed: Jul 21
Last Checked: Jul 23 at 11:32AM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This two-family semi-attached home includes a full, finished basement that is semi above ground with windows and side access. The main living quarters offer three bedrooms, including a primary bedroom with an attached bath, along with two additional full baths. A family room or den opens to a deck and a large yard on a 120' deep lot.
The building also features a brand-new furnace and central air system for the main apartment. Tenant arrangements include each tenant paying their own gas, heat, and electric. In addition to a garage, the driveway provides room for three off-street parking spots.
With both an outdoor deck and yard plus a fully finished basement, the layout supports flexible use as a residence or as an income-focused property.
The building also features a brand-new furnace and central air system for the main apartment. Tenant arrangements include each tenant paying their own gas, heat, and electric. In addition to a garage, the driveway provides room for three off-street parking spots.
With both an outdoor deck and yard plus a fully finished basement, the layout supports flexible use as a residence or as an income-focused property.
Key Highlights
- Two‑family semi‑attached home (year built 1986) with a fully finished semi above‑ground basement with windows
- Main living area features 3 bedrooms, including a master bath, plus an additional 2 full baths
- Family room/den opens to a deck and a large yard on a 120' deep lot
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 | $114.0k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $111.9k | $50.03 |
| − OpEx | −$33.6k | −$15.01 |
| NOI | $78.3k | $35.02 |
2,236 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$978.9K – $1.31M
NOI $78,309 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$975.2K
$853.3K – $1.14M
NOI $68,263 @ 7.0% cap · market cap 5.70%
Theoretical Best
Specialty Retail
$1.85M
$1.62M – $2.16M
NOI $129,599 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two-family semi-attached residence with a fully finished, semi above-ground basement and side access.
Where is this duplex located?
The property is located at 1471 E 68th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: Two‑family semi‑attached home (year built 1986) with a fully finished semi above‑ground basement with windows; Main living area features 3 bedrooms, including a master bath, plus an additional 2 full baths; Family room/den opens to a deck and a large yard on a 120' deep lot
