Duplex with Finished
New
For Sale
$820,000
156 Neptune Avenue, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size1,296 SF
Lot Size0.03 Acres
Price / SF$632.72
Days on Market1
Property Features for 156 Neptune Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Brighton Beach
Standard status
Active
Size
1,296 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
5618
Amenities
laundry room
Building Details
Year built
1930
Number of units
2
Building materials
Brick
Listing Agency:
Winzone Realty Inc
Listed By:
Bin Hu Zhan
(718) 676-6611
Added: Oct 8
Last Checked: Oct 8 at 10:06PM
MLS# 505168
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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 brick duplex contains two apartments: the lower unit has 3 bedrooms and 1 full bathroom, while the upper unit has 2 bedrooms and 1 full bathroom. A finished basement includes a laundry room. The property was built in 1930 and is zoned R6.
The parcel measures approximately 19' x 71', with a building size of approximately 19' x 36'. Shopping, restaurants, and B and Q subway service are nearby.
The parcel measures approximately 19' x 71', with a building size of approximately 19' x 36'. Shopping, restaurants, and B and Q subway service are nearby.
Key Highlights
- Two apartments: 3 bedrooms and 1 full bathroom downstairs; 2 bedrooms and 1 full bathroom upstairs
- Finished basement with laundry room
- Approximate lot dimensions: 19' x 71'
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
Yes
Paved road access
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartments provide separate residential layouts, with R6 zoning and a finished lower level.
Where is this duplex located?
The property is located at 156 Neptune Avenue 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: 3 bedrooms and 1 full bathroom downstairs; 2 bedrooms and 1 full bathroom upstairs; Finished basement with laundry room; Approximate lot dimensions: 19' x 71'
