Building Details

Number of units 2

Flooring type Granite, Hardwood

Building materials Wood Frame

Roof type Shingle

Listing Agency: Behfar Team, LLC o***@thebehfarteam.com

Listed By: Jacqueline Sardar Show Phone

Added: May 18 Changed: Oct 13 Last Checked: Oct 18 at 1:06AM

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MLS# 501510

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Investment Insights

Based on property information with market context.

This two-family duplex in Brooklyn’s Homecrest area contains 2,928 square feet across two residential levels and an open basement. The first-floor apartment includes living and dining areas, an eat-in kitchen, full bathroom, and bedroom. Upstairs, the second apartment offers living and dining space, vaulted ceilings with skylights, an updated kitchen, bedrooms, a home office, laundry equipment, and a full bathroom. Granite and hardwood flooring, central air conditioning, and central heat are among the interior features. The basement provides additional open space for customization. Exterior amenities include a private backyard with a deck and a private driveway accommodating three vehicles. The property occupies 0.0689 acres and is zoned R5B.

Key Highlights

• Two‑family duplex totaling 2,928 square feet
• 0.0689‑acre lot in Brooklyn’s Homecrest area
• R5B zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$102,544

Cap Rate

3.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,050,880 $2.1M

Cap Rate 7%

$1,464,914 $1.5M

Cap Rate 9%

$1,139,378 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,928 SF

Gross rent

$149.3K $51.00/SF

− Vacancy

−$2.8K −$0.97/SF

EGI

$146.5K $50.03/SF

− OpEx

−$43.9K −$15.01/SF

NOI

$102.5K $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%

$2,050,880

Cap Rate 7%

$1,464,914

Cap Rate 9%

$1,139,378

Alternative Uses

Best Use

Multifamily LT 5

$1.46M

$1.28M – $1.71M (±1% cap)

NOI $102,544 @ 7.0% cap · market cap 3.97%

Second Best

Apartment 5plus

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,389 @ 7.0% cap · market cap 3.46%

Theoretical Best

Specialty Retail

$2.42M

$2.12M – $2.83M (±1% cap)

NOI $169,707 @ 7.0% cap · market cap 6.57%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Hotel & Motel Nursing Home Grocery & Convenience Store Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

5,588

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units provide distinct living areas, kitchens, bedrooms, bathrooms, and laundry amenities within a wood-frame property.

Where is this duplex located?

The property is located at 1855 E 13th Street Brooklyn, NY.

What is the asking price?

The asking price for this property is $2,585,000.

What are key features of this property?

This property features: Two‑family duplex totaling 2,928 square feet; 0.0689‑acre lot in Brooklyn’s Homecrest area; R5B zoning