Two-Family Brick
For Sale
$1,150,000
1564 Kimball Street, Brooklyn, NY 11234
Two matching apartments each offer a two-bedroom, one-bathroom layout, complemented by a two-car garage and basement.
Property Size2,906 SF
Price / SF$395.73
Days on Market8
Property Features for 1564 Kimball Street
General Information
Standard status
Active
Size
2,906 SF
Total Parking Spaces
2
Property subtype
Multi Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,831
Building Details
Building Size
2,906 SF
Year Built
1930
Construction
brick
Listing Agency:
Compass
Listed By:
Louis M Esposito · License #10301207785
(718) 781-8310
Source:
Howardhannanyc
Added: Oct 30
Changed: Nov 5
Last Checked: Nov 4 at 6:34PM
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 Compass
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Investment Insights
Based on property information with market context.
This semi-detached brick duplex in Brooklyn contains two apartments, each arranged with two bedrooms, one bathroom, an eat-in kitchen, a living room, and a separate dining room. Parquet flooring and natural light feature in both units. The owner's apartment has been renovated, while the second unit can accommodate another household or be rented. A two-car garage and a basement of approximately 700 square feet provide additional utility. The property was built in 1930.
The home is in Marine Park, a Brooklyn neighborhood described for its residential character and neighborhood parks. The two-unit configuration combines separate living spaces with garage and basement areas.
The home is in Marine Park, a Brooklyn neighborhood described for its residential character and neighborhood parks. The two-unit configuration combines separate living spaces with garage and basement areas.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- Semi‑detached brick construction; built in 1930
- Owner's apartment is renovated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,773
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,035,460
$2.0M
Cap Rate 7%
$1,453,900
$1.5M
Cap Rate 9%
$1,130,811
$1.1M
Market Conditions
NOI Build-Up for 2,906 SF
Gross rent
$148.2K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$145.4K $50.03/SF
− OpEx
−$43.6K −$15.01/SF
NOI
$101.8K $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%
$2,035,460
Cap Rate 7%
$1,453,900
Cap Rate 9%
$1,130,811
Alternative Uses
Best Use
Multifamily LT 5
$1.45M
$1.27M – $1.70M
NOI $101,773 @ 7.0% cap · market cap 8.85%
Second Best
Apartment 5plus
$1.27M
$1.11M – $1.48M
NOI $88,717 @ 7.0% cap · market cap 7.71%
Theoretical Best
Specialty Retail
$2.41M
$2.11M – $2.81M
NOI $168,432 @ 7.0% cap · market cap 14.65%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,456
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two matching apartments each offer a two-bedroom, one-bathroom layout, complemented by a two-car garage and basement.
Where is this duplex located?
The property is located at 1564 Kimball Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; Semi‑detached brick construction; built in 1930; Owner's apartment is renovated
