Brick Duplex with Built-In
New
For Sale
$1,699,000
1652 W 8th St, Brooklyn, NY 11223
Two separate residences offer distinct layouts, private outdoor space, and off-street parking.
Property Size2,480 SF
Lot Size0.05 Acres
Days on Market3
Property Features for 1652 W 8th St
General Information
Standard status
Active
Size
2,480 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,220
Building Details
Building Size
2,480 SF
Year Built
1930
Buildings
1
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:06PM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
Built in 1930, this brick duplex occupies a 20-by-70-foot building footprint on a 20-by-100-foot lot. The main residence connects the first floor to a lower level and includes three bedrooms, two bathrooms, living and dining rooms, a family room, an office, and a utility area. The upper-level residence has three bedrooms, a living and dining area, an eat-in kitchen, and a full bathroom. Both residences have separate living arrangements within the property.
A built-in garage accommodates two vehicles, with additional driveway parking and a private backyard. The property is near Kings Highway and within reach of the Q subway line, along with local shops, supermarkets, restaurants, pharmacies, parks, and schools.
A built-in garage accommodates two vehicles, with additional driveway parking and a private backyard. The property is near Kings Highway and within reach of the Q subway line, along with local shops, supermarkets, restaurants, pharmacies, parks, and schools.
Key Highlights
- Two residences, each with three bedrooms
- Main residence has two bathrooms; upper‑level residence has one full bathroom
- Building footprint is approximately 20' × 70' on a 20 × 100' lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,854
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,080
$1.7M
Cap Rate 7%
$1,240,771
$1.2M
Cap Rate 9%
$965,044
$965.0K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$126.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$124.1K $50.03/SF
− OpEx
−$37.2K −$15.01/SF
NOI
$86.9K $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%
$1,737,080
Cap Rate 7%
$1,240,771
Cap Rate 9%
$965,044
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,854 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$1.08M
$946.4K – $1.26M
NOI $75,712 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,119
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 separate residences offer distinct layouts, private outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 1652 W 8th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Two residences, each with three bedrooms; Main residence has two bathrooms; upper‑level residence has one full bathroom; Building footprint is approximately 20' × 70' on a 20 × 100' lot
