Brick Two-Family Attached
1941 E 29th Street Brooklyn, NY 11229
For Sale
$894,900
MULTI_FAMILY - Brooklyn, NY
Property Size1,785 SF
Lot Size0.04 Acres
Price / SF$501.34
Days on Market222
Property Features for 1941 E 29th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
Parking features
Garage - Detached
Standard status
Active
Size
1,785 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
7749
Building Details
Year built
1930
Number of units
2
Building materials
Brick
Roof type
Flat
Listing Agency:
BHHS Fillmore R.E.
(718) 377-6161
Listed By:
Ken Macbride
(718) 368-2500
Added: Dec 17, 2025
Changed: Jul 11
Last Checked: Jul 27 at 1:06PM
MLS# 497932
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 brick two-family attached property offers approximately 1,785 square feet of residential income space. The home includes a community driveway and a one-car garage located at the rear of the property. It is being sold in as-is condition.
The property is located at 1941 E 29th Street in Brooklyn, NY 11229, within a neighborhood setting identified as Madison in the listing remarks. Zoning is designated as R4.
Because the property is being sold as-is with occupants in place, tours are limited to external viewing only and occupants should not be disturbed. This setup may be a practical fit for buyers or investors seeking a straightforward, occupied two-family purchase with established in-place residence and clear property mechanics tied to the shared driveway and rear garage configuration.
The property is located at 1941 E 29th Street in Brooklyn, NY 11229, within a neighborhood setting identified as Madison in the listing remarks. Zoning is designated as R4.
Because the property is being sold as-is with occupants in place, tours are limited to external viewing only and occupants should not be disturbed. This setup may be a practical fit for buyers or investors seeking a straightforward, occupied two-family purchase with established in-place residence and clear property mechanics tied to the shared driveway and rear garage configuration.
Key Highlights
- Brick two‑family attached property built in 1930
- Approx. 1,785 sq. ft. total living area
- Community driveway with one‑car detached garage at the rear
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 | $91.0k | $51.00 |
| − Vacancy | −$1.7k | −$0.97 |
| EGI | $89.3k | $50.03 |
| − OpEx | −$26.8k | −$15.01 |
| NOI | $62.5k | $35.02 |
1,785 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$893.1K
$781.4K – $1.04M
NOI $62,514 @ 7.0% cap · market cap 6.99%
Second Best
Apartment 5plus
$778.5K
$681.2K – $908.2K
NOI $54,494 @ 7.0% cap · market cap 6.09%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,459 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Attached two-family brick property with rear one-car garage and shared driveway, sold as-is with occupants in place.
Where is this duplex located?
The property is located at 1941 E 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $894,900.
What are key features of this property?
This property features: Brick two‑family attached property built in 1930; Approx. 1,785 sq. ft. total living area; Community driveway with one‑car detached garage at the rear
