Renovated Three-Level
For Sale
$1,425,000
1821 Burnett Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,700 SF
Lot Size0.05 Acres
Price / SF$838.24
Days on Market58
Property Features for 1821 Burnett Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
4
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 4
Parking features
Garage - Detached
Patio and Porch features
Patio, Porch
Interior features
A/C Unit, Central Air - Split, Dishwasher, Dryer, Garage Door Opener(s), Laundry Area, Microwave, Patio Garden, Porch, Refrigerator, Stove, Terrace, Washer, Window Treatments
Basement
Finished, Full
Subdivision
Marine Park
Standard status
Active
Size
1,700 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7727
Amenities
Custom Kitchen
High-End Appliances
Designer Tiling
Renovated Bathrooms
Premium Fixtures
Custom Crown Moldings
Decorative Millwork
Recessed & LED Lighting
Heated Floors
Split-Unit Heating & Cooling
Individual Room Controls
Front Yard
Spacious Backyard
Stone-Paved Deck
Building Details
Year built
1935
Floors in Building
2
Flooring type
Ceramic, Parquet Wood, Stone, Hardwood, Tile
Roof type
Flat
Architectural style
Other
Buildings
1
Listing Agency:
eXp Realty BKNY
Listed By:
Aaron Ivatorov · License #10301222307
(888) 276-0630
Added: Sep 10
Changed: Oct 30
Last Checked: Nov 6 at 5:06AM
MLS# 504457
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 renovated duplex at 1821 Burnett Street provides 1,700 square feet across three levels, with 3 bedrooms, an office, and 4 bathrooms. The interior includes living, dining, and family rooms, along with a custom eat-in kitchen equipped with a stove, refrigerator, dishwasher, microwave, and washer and dryer. Hardwood, tile, ceramic, stone, and parquet wood flooring are featured throughout. Split-unit heating and cooling, heated floors, recessed and LED lighting, crown moldings, and decorative millwork add to the finish package.
Exterior features include a front yard, backyard, stone-paved deck, patio, porch, and terrace. The property also includes a private detached 1-car garage with a shared driveway. Built in 1935, the residence occupies a 0.0494-acre lot and is designated R4. It is located in Brooklyn, NY 11229, in Kings County.
Exterior features include a front yard, backyard, stone-paved deck, patio, porch, and terrace. The property also includes a private detached 1-car garage with a shared driveway. Built in 1935, the residence occupies a 0.0494-acre lot and is designated R4. It is located in Brooklyn, NY 11229, in Kings County.
Key Highlights
- 3 bedrooms plus office and 4 bathrooms across 3 levels
- 1,700 square feet on a 0.0494‑acre lot
- Custom eat‑in kitchen with high‑end appliances and designer tiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,537
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,740
$1.2M
Cap Rate 7%
$850,529
$850.5K
Cap Rate 9%
$661,522
$661.5K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$86.7K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$85.1K $50.03/SF
− OpEx
−$25.5K −$15.01/SF
NOI
$59.5K $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%
$1,190,740
Cap Rate 7%
$850,529
Cap Rate 9%
$661,522
Alternative Uses
Best Use
Multifamily LT 5
$850.5K
$744.2K – $992.3K
NOI $59,537 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$741.4K
$648.7K – $865.0K
NOI $51,899 @ 7.0% cap · market cap 3.64%
Theoretical Best
Specialty Retail
$1.41M
$1.23M – $1.64M
NOI $98,532 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,115
Businesses Nearby
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Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
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 - R4-zoned residence with updated interiors, private outdoor areas, and detached garage parking.
Where is this duplex located?
The property is located at 1821 Burnett Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 3 bedrooms plus office and 4 bathrooms across 3 levels; 1,700 square feet on a 0.0494‑acre lot; Custom eat‑in kitchen with high‑end appliances and designer tiling
