Two-Family Brick Duplex
New
For Sale
$1,699,000
1652 W 8th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,480 SF
Lot Size0.05 Acres
Price / SF$685.08
Days on Market1
Property Features for 1652 W 8th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 6, Bedroom 2, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 5
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Bensonhurst
Standard status
Active
Size
2,480 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8220
Amenities
private backyard
Building Details
Year built
1930
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Rubber
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Michelle J. Zhang · License #MZ4172
(646) 937-2188
Added: Oct 13
Last Checked: Oct 13 at 11:06PM
MLS# 505274
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.
Built in 1930, this brick two-family property contains 2,480 square feet on a 20-by-100-foot lot. The main residence spans the first floor and lower level, with three bedrooms, two bathrooms, living and dining rooms, a family room, an office, and utility space. The upper residence has three bedrooms, a living and dining area, an eat-in kitchen, and a full bathroom. Hardwood floors and a rubber roof are among the recorded property features.
A built-in garage accommodates two vehicles, with additional driveway parking. The property also has a private backyard. Kings Highway, the Q subway line, and neighborhood shops, supermarkets, restaurants, pharmacies, parks, and schools are within reach.
A built-in garage accommodates two vehicles, with additional driveway parking. The property also has a private backyard. Kings Highway, the Q subway line, and neighborhood shops, supermarkets, restaurants, pharmacies, parks, and schools are within reach.
Key Highlights
- Two‑family brick property with 2,480 square feet
- 20‑by‑100‑foot lot; approximately 20‑by‑70‑foot building footprint
- Main residence has three bedrooms and two bathrooms; upper residence has three bedrooms and one bathroom
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer separate living areas, with a private backyard and off-street parking.
Where is this duplex located?
The property is located at 1652 W 8th Street 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‑family brick property with 2,480 square feet; 20‑by‑100‑foot lot; approximately 20‑by‑70‑foot building footprint; Main residence has three bedrooms and two bathrooms; upper residence has three bedrooms and one bathroom
