Brick Duplex with
New
For Sale
$839,000
1886 Gerritsen Avenue, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size1,260 SF
Lot Size0.03 Acres
Price / SF$665.87
Days on Market4
Property Features for 1886 Gerritsen Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Interior features
A/C Unit
Basement
Full
Subdivision
Marine Park
Standard status
Active
Size
1,260 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
6919
Amenities
backyard
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Flat, Asphalt
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Olga Moldavsky · License #10301216091
(917) 213-7332
Added: Oct 7
Changed: Oct 9
Last Checked: Oct 10 at 5:06AM
MLS# 505147
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.
Investment Insights
Based on property information with market context.
This semi-detached brick duplex has a two-family layout. The main residence spans two floors, with an open kitchen, dining area, and living room below, plus three bedrooms and a full bathroom upstairs. A separate ground-floor studio includes its own full bathroom. Hardwood and ceramic flooring, an A/C unit, a backyard, a garage, and a private driveway are among the property’s features. Built in 1950, the home is zoned R4.
Marine Park is nearby, along with shopping, dining, public transportation, schools, and houses of worship.
Marine Park is nearby, along with shopping, dining, public transportation, schools, and houses of worship.
Key Highlights
- Two‑family brick duplex with a separate ground‑floor studio
- Main residence has three bedrooms and a full bathroom
- Studio includes a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,127
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,540
$882.5K
Cap Rate 7%
$630,386
$630.4K
Cap Rate 9%
$490,300
$490.3K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$64.3K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$63.0K $50.03/SF
− OpEx
−$18.9K −$15.01/SF
NOI
$44.1K $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%
$882,540
Cap Rate 7%
$630,386
Cap Rate 9%
$490,300
Alternative Uses
Best Use
Multifamily LT 5
$630.4K
$551.6K – $735.5K
NOI $44,127 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$549.5K
$480.8K – $641.1K
NOI $38,466 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$1.04M
$912.9K – $1.22M
NOI $73,030 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,558
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a separate ground-floor studio, garage, and private driveway.
Where is this duplex located?
The property is located at 1886 Gerritsen Avenue 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 brick duplex with a separate ground‑floor studio; Main residence has three bedrooms and a full bathroom; Studio includes a full bathroom
