Duplex with Finished
New
For Sale
$875,000
186 Buffalo Avenue, Brooklyn, NY 11213
Residential, Brooklyn, NY
Property Size1,240 SF
Lot Size0.02 Acres
Price / SF$705.65
Days on Market2
Property Features for 186 Buffalo Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 5
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Crown Heights
Standard status
Active
Size
1,240 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Annual Amount
1770
Building Details
Year built
1945
Floors in Building
2
Number of units
2
Flooring type
Laminate
Roof type
Flat
Buildings
1
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Alejandra Ghiano-DiSalvo
(718) 612-3088
Added: Nov 2
Last Checked: Nov 3 at 9:06PM
MLS# 505767
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 1,240-square-foot duplex, built in 1945, contains two residences: a first-floor unit with 2 bedrooms, 1 full bath, and an eat-in kitchen, and an upper unit with 3 bedrooms, 1 full bath, and its own eat-in kitchen. The lower residence connects by interior stairs to a full finished basement, which also has a separate exterior entrance. Its kitchen opens to a private backyard. Laminate flooring, a refrigerator, a stove, and a flat roof are among the property’s recorded features. The lot measures 0.0195 acres.
Located at 186 Buffalo Avenue in Brooklyn, the property is near subway service on the 2, 3, 4, and 5 lines. Eastern Parkway, Lincoln Terrace Park, and shops and cafes along Utica and Ralph avenues are nearby.
Located at 186 Buffalo Avenue in Brooklyn, the property is near subway service on the 2, 3, 4, and 5 lines. Eastern Parkway, Lincoln Terrace Park, and shops and cafes along Utica and Ralph avenues are nearby.
Key Highlights
- Two residences: a 2‑bedroom, 1‑bath first‑floor unit and a 3‑bedroom, 1‑bath upper unit
- Full finished basement connects to the lower unit and has a separate exterior entrance
- Lower unit’s eat‑in kitchen opens to a private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,427
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,540
$868.5K
Cap Rate 7%
$620,386
$620.4K
Cap Rate 9%
$482,522
$482.5K
Market Conditions
NOI Build-Up for 1,240 SF
Gross rent
$63.2K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$62.0K $50.03/SF
− OpEx
−$18.6K −$15.01/SF
NOI
$43.4K $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%
$868,540
Cap Rate 7%
$620,386
Cap Rate 9%
$482,522
Alternative Uses
Best Use
Multifamily LT 5
$620.4K
$542.8K – $723.8K
NOI $43,427 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$540.8K
$473.2K – $630.9K
NOI $37,856 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.03M
$898.4K – $1.20M
NOI $71,870 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,457
Businesses Nearby
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Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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 - Separate two- and three-bedroom residences offer a flexible layout, with outdoor space connected to the first-floor home.
Where is this duplex located?
The property is located at 186 Buffalo Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two residences: a 2‑bedroom, 1‑bath first‑floor unit and a 3‑bedroom, 1‑bath upper unit; Full finished basement connects to the lower unit and has a separate exterior entrance; Lower unit’s eat‑in kitchen opens to a private backyard
