Renovated Two-Family
For Sale
$979,000
1519 Remsen Avenue, Brooklyn, NY 11236
Two residential units provide six bedrooms, private parking, and updated building systems.
Property Size1,575 SF
Price / SF$621.59
Days on Market34
Property Features for 1519 Remsen Avenue
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,924
Amenities
private parking
open concept living/dining areas
chefs granite kitchens
stainless steel appliances
kitchen island
fully tiled bathrooms
wide oak wood flooring
recessed lighting
central HVAC
First Floor Bedroom
First Floor Full Bath
Chefs Kitchen
Granite Counters
Kitchen Island
Recessed Lighting
Washer/Dryer Hookup
Building Details
Building Size
1,575 SF
Year Built
1955
Units
2
Construction
brick
Listing Agency:
Keystone Realty USA Corp
(631) 261-2800
Listed By:
Gabriel Kashi
(347) 419-5268
Source:
Clairedleone
Added: Sep 23
Changed: Oct 25
Last Checked: Oct 26 at 3:37AM
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 Keystone Realty USA Corp
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Investment Insights
Based on property information with market context.
This 1,575-square-foot, two-family brick property at 1519 Remsen Avenue includes six bedrooms and two bathrooms. Both units have open living and dining areas, granite kitchens with islands and stainless steel appliances, and bedrooms with closet space. Recent work includes wide oak flooring, recessed lighting, central HVAC, and updated electrical, heating, and plumbing systems. Private parking is also included.
The property is on a tree-lined street in Canarsie, just off Flatlands Avenue, Seaview Avenue, and Rockaway Parkway. Schools, shopping centers, restaurants, cafes, and parks are among the neighborhood amenities identified nearby.
The property is on a tree-lined street in Canarsie, just off Flatlands Avenue, Seaview Avenue, and Rockaway Parkway. Schools, shopping centers, restaurants, cafes, and parks are among the neighborhood amenities identified nearby.
Key Highlights
- Two‑family brick property with 1,575 square feet
- Six bedrooms and two bathrooms across two units
- Private parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,159
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,180
$1.1M
Cap Rate 7%
$787,986
$788.0K
Cap Rate 9%
$612,878
$612.9K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$80.3K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$78.8K $50.03/SF
− OpEx
−$23.6K −$15.01/SF
NOI
$55.2K $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%
$1,103,180
Cap Rate 7%
$787,986
Cap Rate 9%
$612,878
Alternative Uses
Best Use
Multifamily LT 5
$788.0K
$689.5K – $919.3K
NOI $55,159 @ 7.0% cap · market cap 5.63%
Second Best
Apartment 5plus
$686.9K
$601.0K – $801.4K
NOI $48,083 @ 7.0% cap · market cap 4.91%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,287 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,699
Businesses Nearby
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Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide six bedrooms, private parking, and updated building systems.
Where is this duplex located?
The property is located at 1519 Remsen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Two‑family brick property with 1,575 square feet; Six bedrooms and two bathrooms across two units; Private parking
