Brick Two-Family
For Sale
$999,000
1551 E 33rd Street, Brooklyn, NY 11234
Residential Income, Brooklyn, NY
Property Size1,680 SF
Lot Size0.06 Acres
Price / SF$594.64
Days on Market13
Property Features for 1551 E 33rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 4, Bathroom 1, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 3
Subdivision
Marine Park
Standard status
Active
Size
1,680 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8579
Building Details
Floors in Building
2
Building materials
Brick
Listing Agency:
H P GREENFIELD REAL ESTATE LTD
Listed By:
Gary Weiner
(718) 338-3380
Added: Sep 28
Changed: Oct 6
Last Checked: Oct 10 at 9:06AM
MLS# 12004173
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Brooklyn duplex is configured as a two-family residence, with 1,680 square feet of interior space and hardwood floors. The brick property was built in 1925 and occupies a 2,500-square-foot lot, equivalent to 0.06 acres. Room details include five bedrooms and three bathrooms.
The property is near Marine Park, which includes trails, playgrounds, sports fields, and a golf course.
The property is near Marine Park, which includes trails, playgrounds, sports fields, and a golf course.
Key Highlights
- Two‑family configuration with 1,680 square feet of interior space
- 2,500‑square‑foot lot (0.06 acres)
- Five bedrooms and three bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,836
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,720
$1.2M
Cap Rate 7%
$840,514
$840.5K
Cap Rate 9%
$653,733
$653.7K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$85.7K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$84.1K $50.03/SF
− OpEx
−$25.2K −$15.01/SF
NOI
$58.8K $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%
$1,176,720
Cap Rate 7%
$840,514
Cap Rate 9%
$653,733
Alternative Uses
Best Use
Multifamily LT 5
$840.5K
$735.5K – $980.6K
NOI $58,836 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$732.7K
$641.1K – $854.8K
NOI $51,289 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$1.39M
$1.22M – $1.62M
NOI $97,373 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,764
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A two-residence layout with hardwood flooring offers a residential income property in Brooklyn.
Where is this duplex located?
The property is located at 1551 E 33rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Two‑family configuration with 1,680 square feet of interior space; 2,500‑square‑foot lot (0.06 acres); Five bedrooms and three bathrooms
