Attached Two-Family
For Sale
$1,700,000
Pending
148 Hopkins St, Brooklyn, NY 11206
The property includes a private driveway, backyard, and finished basement with two egresses.
Property Size2,916 SF
Days on Market48
Property Features for 148 Hopkins St
General Information
Standard status
Pending
Size
2,916 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,873
Building Details
Building Size
2,916 SF
Year Built
1994
Buildings
1
Stories
2
Listing Agency:
Brooklyn Real Property Inc.
Listed By:
Alessandro Marra
(718) 272-8988
Source:
Elliman
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 10:23AM
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 Brooklyn Real Property Inc.
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Investment Insights
Based on property information with market context.
This attached two-family residence, built in 1994, offers a 3 bedroom apartment with a formal living room and balcony, along with a 2 and 1/2 bedroom apartment. The home also includes a fully finished basement with 2 egresses, a private driveway, and a private backyard.
Located in Bedford Stuyvesant, the property is near shopping, places of worship, and a hospital. The G, J, and M trains, along with multiple bus routes, provide transit connections, and Manhattan is less than 30 mins away. The property has a bikeScore of 98, a walkScore of 98, and a transitScore of 90.
Located in Bedford Stuyvesant, the property is near shopping, places of worship, and a hospital. The G, J, and M trains, along with multiple bus routes, provide transit connections, and Manhattan is less than 30 mins away. The property has a bikeScore of 98, a walkScore of 98, and a transitScore of 90.
Key Highlights
- Two‑family attached house built in 1994
- 3 bedroom apartment with formal living room and balcony
- 2 and 1/2 bedroom second apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,123
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,042,460
$2.0M
Cap Rate 7%
$1,458,900
$1.5M
Cap Rate 9%
$1,134,700
$1.1M
Market Conditions
NOI Build-Up for 2,916 SF
Gross rent
$148.7K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$145.9K $50.03/SF
− OpEx
−$43.8K −$15.01/SF
NOI
$102.1K $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%
$2,042,460
Cap Rate 7%
$1,458,900
Cap Rate 9%
$1,134,700
Alternative Uses
Best Use
Multifamily LT 5
$1.46M
$1.28M – $1.70M
NOI $102,123 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $89,022 @ 7.0% cap · market cap 5.24%
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.82M
NOI $169,011 @ 7.0% cap · market cap 9.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,121
Businesses Nearby
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Business Placement
Demographics for 11206, NY
91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
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 property includes a private driveway, backyard, and finished basement with two egresses.
Where is this duplex located?
The property is located at 148 Hopkins St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑family attached house built in 1994; 3 bedroom apartment with formal living room and balcony; 2 and 1/2 bedroom second apartment
