Spacious Brick Two-Family Brooklyn
1622 Kimball Street, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property size:
3,000 SFLot size:
0.07 AcresPrice / SF:
$525/SF- Added:
- May 4, 2026
- Days on Market:
- 13
- Last Refresh:
- May 16 at 6:06 pm
Property Features for 1622 Kimball Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R3-2
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bathroom 2, Bathroom 1
- Interior features
- Central Air - Split, Dishwasher, Laundry Area, Refrigerator, Stove, Window Treatments
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9917
Building Details
- Year built
- 1955
- Number of units
- 2
- Flooring type
- Ceramic, Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Robert Tracey License #TRART8436 (718) 376-4994
Listing office Tracey Real Estate 3619 Ave S, Brooklyn, NY (718) 376-4994
Listing date May 4, 2026
MLS# 501135
Listing URL
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.
HighLights
- Delivered Vacant: Ready for your vision, whether it's immediate occupancy or rental income.
- Large 2‑Family Brick Home: A well‑maintained property in the desirable Marine Park neighborhood.
- Owner's Duplex: Features 3 bedrooms, 2 baths, a new custom kitchen, formal dining room, and split A/C units.
- First‑Floor Apartment: Offers a spacious 2‑bedroom layout with a new kitchen and separate entrances.
- Finished Basement: Perfect for entertaining, with convenient access to the rear yard.
- Private Driveway: Enjoy parking for 4 cars and a large rear yard.
Overview
Located in Marine Park, Brooklyn, this well-maintained brick two-family home features an extra-large layout. The property will be delivered vacant. The second-floor unit is a 3-bedroom, 2-bath duplex intended for the owner. This unit includes a large living room, formal dining room, hardwood floors, split A/C units, and a new custom kitchen. A 1/2 bath is located on the first floor of the owner's unit, along with an interior staircase to the first-floor apartment and basement. The first-floor apartment is a large 2-bedroom unit with a new kitchen and both front and side entrances. The full, finished basement can be used for entertaining and provides access to the rear yard. The property includes a large rear yard and a private driveway with parking space for 4 cars. The lot size is 0.0689 acres. The property size is 3000 square feet. The zoning is R3-2.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.17M
NOI $105,065 @ 9.00% cap · cautious / downside scenario
Moderate
$1.50M
NOI $105,065 @ 7.00% cap · market / base-case scenario
Aggressive
$2.10M
NOI $105,065 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 5.82%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.935456
- Latitude
- 40.617544
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained, vacant two-family home in Marine Park, Brooklyn.
Where is this duplex located?
The property is located at 1622 Kimball Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Delivered Vacant: Ready for your vision, whether it's immediate occupancy or rental income.; Large 2‑Family Brick Home: A well‑maintained property in the desirable Marine Park neighborhood.; Owner's Duplex: Features 3 bedrooms, 2 baths, a new custom kitchen, formal dining room, and split A/C units.
