Fully Vacant Two-Family
1936 West 5th Street Brooklyn, NY 11223
1936 West 5th Street, Brooklyn, NY, 11223
$989,000
For Sale
$989,000
Legal two-family home with a full basement and separate entrance, currently set up as a spacious single-family residence.
Property Size1,764 SF
Price / SF$560.66
Days on Market54
Property Features for 1936 West 5th Street
General Information
- Standard status
- Active
- Size
- 1,764 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1920
Listing agency
Loyaltty Inc
(929) 337-0276
Listed by
Royer I. Silva
(929) 337-0276
Source
Compass
Added: May 31 Updated: Jul 21 at 4:08PM Checked: Jul 22 at 10:57AM
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 Loyaltty Inc
Investment Insights
Based on property information with market context.
This fully vacant legal two-family residence is currently arranged and used as a spacious single-family home. The property includes a full basement with a separate entrance, offering flexibility for end-users and investors.
Located in Gravesend, the home is described as conveniently close to shopping, schools, restaurants, transportation, and major highways.
With two-family legality and a basement separate entrance, the layout supports multiple occupancy configurations while retaining the existing single-family setup.
Located in Gravesend, the home is described as conveniently close to shopping, schools, restaurants, transportation, and major highways.
With two-family legality and a basement separate entrance, the layout supports multiple occupancy configurations while retaining the existing single-family setup.
Key Highlights
- Legal two‑family home (currently set up as a single‑family residence)
- Fully vacant property
- Full finished basement with a separate entrance
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 | $90.0k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $88.3k | $50.03 |
| − OpEx | −$26.5k | −$15.01 |
| NOI | $61.8k | $35.02 |
1,764 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$882.5K
$772.2K – $1.03M
NOI $61,778 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$769.3K
$673.2K – $897.6K
NOI $53,853 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.46M
$1.28M – $1.70M
NOI $102,241 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal two-family home with a full basement and separate entrance, currently set up as a spacious single-family residence.
Where is this duplex located?
The property is located at 1936 West 5th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $989,000.
What are key features of this property?
This property features: Legal two‑family home (currently set up as a single‑family residence); Fully vacant property; Full finished basement with a separate entrance
