Two-Family Brick
New
For Sale
$839,000
1886 Gerritsen Ave, Brooklyn, NY 11229
A separate ground-level studio complements a three-bedroom upper residence, backyard, garage, and private driveway.
Property Size1,260 SF
Price / SF$441.58
Days on Market2
Property Features for 1886 Gerritsen Ave
General Information
Standard status
Active
Size
1,260 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1BA, 1 x studio/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,919
Amenities
backyard
Building Details
Building Size
1,260 SF
Year Built
1950
Stories
2
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Olga Moldavsky · License #10301216091
(718) 612-3088
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:23AM
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 Womcore LLC dba Remax Edge
Investment Insights
Based on property information with market context.
Built in 1950, this semi-detached brick duplex contains approximately 1,900 square feet and two residential units. The main home spans two levels, with an open kitchen, dining area, and living room on the first floor, plus three bedrooms and a full bathroom upstairs. Side windows bring natural light into the interior. A ground-floor studio has its own full bathroom with a stall shower.
Outdoor and parking features include a backyard, garage, and private driveway. The property is on Gerritsen Avenue in Brooklyn’s Marine Park area, near Marine Park and local shopping, dining, public transportation, schools, and houses of worship. Reported scores are 84 for walking, 80 for transit, and 68 for biking.
Outdoor and parking features include a backyard, garage, and private driveway. The property is on Gerritsen Avenue in Brooklyn’s Marine Park area, near Marine Park and local shopping, dining, public transportation, schools, and houses of worship. Reported scores are 84 for walking, 80 for transit, and 68 for biking.
Key Highlights
- Two‑family semi‑detached brick home with approximately 1,900 square feet
- Main residence has a two‑level layout with three bedrooms and a full bathroom
- Ground‑floor studio includes a full bathroom with stall shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,541
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,330,820
$1.3M
Cap Rate 7%
$950,586
$950.6K
Cap Rate 9%
$739,344
$739.3K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$96.9K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$95.1K $50.03/SF
− OpEx
−$28.5K −$15.01/SF
NOI
$66.5K $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%
$1,330,820
Cap Rate 7%
$950,586
Cap Rate 9%
$739,344
Alternative Uses
Best Use
Multifamily LT 5
$950.6K
$831.8K – $1.11M
NOI $66,541 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$828.6K
$725.1K – $966.8K
NOI $58,005 @ 7.0% cap · market cap 6.91%
Theoretical Best
Specialty Retail
$1.57M
$1.38M – $1.84M
NOI $110,124 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A separate ground-level studio complements a three-bedroom upper residence, backyard, garage, and private driveway.
Where is this duplex located?
The property is located at 1886 Gerritsen Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $839,000.
What are key features of this property?
This property features: Two‑family semi‑detached brick home with approximately 1,900 square feet; Main residence has a two‑level layout with three bedrooms and a full bathroom; Ground‑floor studio includes a full bathroom with stall shower
