Two-Unit Brick
New
For Sale
$820,000
156 Neptune Ave, Brooklyn, NY 11235
Separate apartments provide a three-bedroom first-floor residence and a two-bedroom second-floor residence.
Property Size1,296 SF
Lot Size0.03 Acres
Days on Market3
Property Features for 156 Neptune Ave
General Information
Standard status
Active
Size
1,296 SF
Lot size
0.03 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$5,618
Amenities
laundry room
Building Details
Building Size
1,296 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Winzone Realty Inc
Listed By:
Bin Hu Zhan
(718) 676-6611
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:51AM
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 Winzone Realty Inc
Investment Insights
Based on property information with market context.
This brick duplex, built in 1930, contains two apartments. The first-floor unit has three bedrooms and one full bathroom; the second-floor unit offers two bedrooms, a living room, and one full bathroom. A finished basement includes a laundry room. The property occupies an approximately 19-by-71-foot lot, with a building footprint of approximately 19 by 36 feet.
Located at 156 Neptune Ave in Brooklyn, the property is near shopping, restaurants, and public transportation, including B and Q subway service. Walk, transit, and bike scores are 94, 78, and 69, respectively.
Located at 156 Neptune Ave in Brooklyn, the property is near shopping, restaurants, and public transportation, including B and Q subway service. Walk, transit, and bike scores are 94, 78, and 69, respectively.
Key Highlights
- Two apartments: a three‑bedroom first‑floor unit and a two‑bedroom second‑floor unit
- Each apartment has one full bathroom
- Finished basement with laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,388
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$907,760
$907.8K
Cap Rate 7%
$648,400
$648.4K
Cap Rate 9%
$504,311
$504.3K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$66.1K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$64.8K $50.03/SF
− OpEx
−$19.5K −$15.01/SF
NOI
$45.4K $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%
$907,760
Cap Rate 7%
$648,400
Cap Rate 9%
$504,311
Alternative Uses
Best Use
Multifamily LT 5
$648.4K
$567.4K – $756.5K
NOI $45,388 @ 7.0% cap · market cap 5.54%
Second Best
Apartment 5plus
$565.2K
$494.6K – $659.4K
NOI $39,566 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$1.07M
$939.0K – $1.25M
NOI $75,116 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Separate apartments provide a three-bedroom first-floor residence and a two-bedroom second-floor residence.
Where is this duplex located?
The property is located at 156 Neptune Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Two apartments: a three‑bedroom first‑floor unit and a two‑bedroom second‑floor unit; Each apartment has one full bathroom; Finished basement with laundry room
