Two-Family Residential Income
For Sale
$2,995,000
1633 CARROLL St, Brooklyn, NY 11213
Updated two-family home with private rear patio, in-unit laundry, and a private two-car garage.
Property Size4,484 SF
Days on Market113
Property Features for 1633 CARROLL St
General Information
Standard status
Active
Size
4,484 SF
Total Parking Spaces
2
Property subtype
Multi Family
Additional Details
Business Included
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,144
Building Details
Building Size
4,484 SF
Year Built
1920
Stories
3
Units
2
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Jonathan Stein · License #10401387129
(212) 206-2835
Source:
Elliman
Added: Jul 8
Changed: Oct 25
Last Checked: Oct 26 at 5:35PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
Welcome to 1633 Carroll St, a beautifully updated two-family home in Crown Heights. The lower two levels have been fully renovated, offering a turnkey layout with an open, sun-filled feel. That owner's duplex features 6 bedrooms and 4.5 bathrooms, along with an updated kitchen with stainless steel appliances and refinished flooring throughout. There is also a private rear outdoor patio for everyday use.
The upper unit provides additional flexibility, with 4 bedrooms and 2 bathrooms. Other practical features include a private two-car garage, storage, and in-unit laundry.
With subway access nearby and walkability and transit scores indicating strong mobility, this property is positioned for convenient everyday living in the Crown Heights area.
The upper unit provides additional flexibility, with 4 bedrooms and 2 bathrooms. Other practical features include a private two-car garage, storage, and in-unit laundry.
With subway access nearby and walkability and transit scores indicating strong mobility, this property is positioned for convenient everyday living in the Crown Heights area.
Key Highlights
- Two‑family home built in 1920 in Crown Heights
- Lower duplex fully renovated top to bottom with 6 beds and 4.5 baths
- Updated kitchen with stainless steel appliances and refinished flooring throughout the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$157,037
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,140,740
$3.1M
Cap Rate 7%
$2,243,386
$2.2M
Cap Rate 9%
$1,744,856
$1.7M
Market Conditions
NOI Build-Up for 4,484 SF
Gross rent
$228.7K $51.00/SF
− Vacancy
−$4.3K −$0.97/SF
EGI
$224.3K $50.03/SF
− OpEx
−$67.3K −$15.01/SF
NOI
$157.0K $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%
$3,140,740
Cap Rate 7%
$2,243,386
Cap Rate 9%
$1,744,856
Alternative Uses
Best Use
Multifamily LT 5
$2.24M
$1.96M – $2.62M
NOI $157,037 @ 7.0% cap · market cap 5.24%
Second Best
Apartment 5plus
$1.96M
$1.71M – $2.28M
NOI $136,892 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$3.71M
$3.25M – $4.33M
NOI $259,893 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,649
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family home with private rear patio, in-unit laundry, and a private two-car garage.
Where is this duplex located?
The property is located at 1633 CARROLL St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Two‑family home built in 1920 in Crown Heights; Lower duplex fully renovated top to bottom with 6 beds and 4.5 baths; Updated kitchen with stainless steel appliances and refinished flooring throughout the lower unit
