Detached Duplex with
For Sale
$735,000
1669 E 48th Street, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,358 SF
Lot Size0.05 Acres
Price / SF$541.24
Days on Market165
Property Features for 1669 E 48th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R3-2
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 2
Parking features
Garage - Detached
Interior features
Laundry Area
Basement
Finished
Subdivision
Old Mill Basin
Standard status
Active
Size
1,358 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
6781
Building Details
Year built
1925
Flooring type
Tile, Linoleum
Architectural style
Other
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Kevin Stile
(718) 763-4110
Added: May 15
Changed: Oct 21
Last Checked: Oct 26 at 5:06PM
MLS# 501476
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.
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Investment Insights
Based on property information with market context.
This detached duplex contains 1,358 square feet on a 0.0459-acre lot and was built in 1925. The upper level includes three bedrooms and a full bathroom. Main-level features include an enclosed tiled porch or sunroom, living and dining rooms, and a tiled eat-in kitchen. A finished basement adds a family room, half bathroom, laundry area, and boiler room. Tile and linoleum flooring are installed throughout, and the property includes a detached one-car garage and private yard.
The property is located in Brooklyn, NY 11234, near mass transportation and shopping. It carries R3-2 zoning and is identified as a duplex property.
The property is located in Brooklyn, NY 11234, near mass transportation and shopping. It carries R3-2 zoning and is identified as a duplex property.
Key Highlights
- 1,358‑square‑foot detached duplex on a 0.0459‑acre lot
- Three bedrooms and a full bathroom on the upper level
- Finished basement with family room, half bathroom, laundry area, and boiler room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,559
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,180
$951.2K
Cap Rate 7%
$679,414
$679.4K
Cap Rate 9%
$528,433
$528.4K
Market Conditions
NOI Build-Up for 1,358 SF
Gross rent
$69.3K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.9K $50.03/SF
− OpEx
−$20.4K −$15.01/SF
NOI
$47.6K $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%
$951,180
Cap Rate 7%
$679,414
Cap Rate 9%
$528,433
Alternative Uses
Best Use
Multifamily LT 5
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$592.3K
$518.2K – $691.0K
NOI $41,458 @ 7.0% cap · market cap 5.64%
Theoretical Best
Specialty Retail
$1.12M
$983.9K – $1.31M
NOI $78,710 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,873
Businesses Nearby
Explore this area
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 - R3-2-zoned property with a finished basement, private yard, detached garage, and tiled interior areas.
Where is this duplex located?
The property is located at 1669 E 48th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 1,358‑square‑foot detached duplex on a 0.0459‑acre lot; Three bedrooms and a full bathroom on the upper level; Finished basement with family room, half bathroom, laundry area, and boiler room
