Renovated Duplex with Detached
For Sale
$988,000
1871 Haring Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,575 SF
Lot Size0.04 Acres
Price / SF$627.30
Days on Market109
Property Features for 1871 Haring Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 1
Parking features
Garage - Detached
Interior features
A/C Unit, Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Marine Park
Standard status
Active
Size
1,575 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7796
Building Details
Year built
1930
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Century 21 Homefront Realty
Listed By:
Delton Cheng
(718) 252-6060
Added: Jul 10
Changed: Oct 25
Last Checked: Oct 26 at 2:06AM
MLS# 502908
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 attached duplex offers 1,575 square feet arranged across two primary levels plus a finished lower level. The first floor includes a living room, open kitchen, dining area, enclosed sunroom, and full bathroom. Three bedrooms occupy the second floor, along with additional closet space and a full bathroom with a skylight. The lower level adds a home office and family or recreation room. Hardwood and tile flooring, brick construction, air conditioning, laundry, and a kitchen equipped with a microwave, refrigerator, and stove are included. The property also has a detached garage, private rear parking, and a flat roof.
Built in 1930, the property sits on a 0.0413-acre lot and carries R4 zoning. Transit access includes the B3, B31, BM4, and B100 bus lines. The Marine Park Preserve, Salt Marsh Nature Trail, and the restaurants, cafes, and shops along Avenue R are nearby.
Built in 1930, the property sits on a 0.0413-acre lot and carries R4 zoning. Transit access includes the B3, B31, BM4, and B100 bus lines. The Marine Park Preserve, Salt Marsh Nature Trail, and the restaurants, cafes, and shops along Avenue R are nearby.
Key Highlights
- 1,575‑square‑foot attached duplex on a 0.0413‑acre lot
- Three bedrooms with a finished lower level featuring a home office and recreation room
- Private rear parking and detached garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,159
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,103,180
$1.1M
Cap Rate 7%
$787,986
$788.0K
Cap Rate 9%
$612,878
$612.9K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$80.3K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$78.8K $50.03/SF
− OpEx
−$23.6K −$15.01/SF
NOI
$55.2K $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%
$1,103,180
Cap Rate 7%
$787,986
Cap Rate 9%
$612,878
Alternative Uses
Best Use
Multifamily LT 5
$788.0K
$689.5K – $919.3K
NOI $55,159 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$686.9K
$601.0K – $801.4K
NOI $48,083 @ 7.0% cap · market cap 4.87%
Theoretical Best
Specialty Retail
$1.30M
$1.14M – $1.52M
NOI $91,287 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,558
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Updated two-level duplex with three bedrooms, finished lower-level space, private rear parking, and a detached garage.
Where is this duplex located?
The property is located at 1871 Haring Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $988,000.
What are key features of this property?
This property features: 1,575‑square‑foot attached duplex on a 0.0413‑acre lot; Three bedrooms with a finished lower level featuring a home office and recreation room; Private rear parking and detached garage
