Spacious Detached Midwood
1874 E 27TH St Brooklyn, NY 11229
1874 E 27TH St, Brooklyn, NY, 11229
$2,225,000
For Sale
$2,225,000
Well-maintained, updated two-unit home with parking and outdoor space.
Property Size4,000 SF
Lot Size0.09 Acres
Price / SF$556.25
Days on Market88
Property Features for 1874 E 27TH St
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.09 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing Agency
(347) 828-1045
Listed by
David Malkoukian
(347) 828-1045
Source
Elliman
Added: Apr 21 Checked: Jul 16 at 11:19 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of David Malkoukian
Investment Insights
Based on property information with market context.
Located on a desirable block in Midwood, 1874 East 27th Street is a fully detached property situated on a 40 x 100 lot. The home, approximately 22 feet wide by 68 feet long, provides close to 4,000 square feet of interior space. The property has been well maintained and updated, featuring practical upgrades and personal touches. Currently configured as a two-unit home, the top-floor unit includes 4 bedrooms and 2.5 bathrooms. The first floor and basement duplex offers 6 bedrooms and 3.5 bathrooms. The fully finished and updated basement has two means of egress, with both a side entrance and a rear entrance. The home offers generously sized bedrooms, comfortable living and dining areas, and updated systems throughout. Split units and central air conditioning are installed. The large private backyard features an installed BBQ grill. Additional features include a renovated garage with storage and office space, as well as a large private driveway that can accommodate 4-5 vehicles. This property offers size, parking, outdoor space, and flexible layout options in a prime Midwood location, presenting an opportunity for an end user or investor. The location is considered a Walker's Paradise with a walk score of 96 and has excellent transit with a transit score of 84. The bike score is 63, making it bikeable.
Key Highlights
- Spacious, fully detached property with approximately 4,000 sq ft of interior space on a 40 x 100 lot in Midwood.
- Configured as a two‑unit home offering flexible layout options for end users or investors.
- Large private driveway accommodating 4‑5 vehicles and a renovated garage with storage and office space.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.0k | $51.00 |
| − Vacancy | −$3.9k | −$0.97 |
| EGI | $200.1k | $50.03 |
| − OpEx | −$60.0k | −$15.01 |
| NOI | $140.1k | $35.02 |
4,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$2.00M
$1.75M – $2.33M
NOI $140,087 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$1.74M
$1.53M – $2.04M
NOI $122,116 @ 7.0% cap · market cap 5.49%
Theoretical Best
Specialty Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained, updated two-unit home with parking and outdoor space.
Where is this duplex located?
The property is located at 1874 E 27TH St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Spacious, fully detached property with approximately 4,000 sq ft of interior space on a 40 x 100 lot in Midwood.; Configured as a two‑unit home offering flexible layout options for end users or investors.; **Large private driveway accommodating 4‑5 vehicles and a renovated garage with storage and office space.**
