Brooklyn Two-Family Home with
1960 Stillwell Avenue Brooklyn, NY 11223
For Sale
$1,750,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,934 SF
Lot Size0.14 Acres
Price / SF$596.46
Days on Market454
Property Features for 1960 Stillwell Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
5
Bathrooms
4
Rooms
Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 5, Bedroom 2, Bathroom 4, Bathroom 2, Bathroom 1
Interior features
Central Air - Split, Dishwasher, Laundry Area, Microwave, Refrigerator, Stove
Basement
Finished, Full
Standard status
Active
Size
2,934 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
11914
Building Details
Year built
1965
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood, Ceramic, Granite
Building materials
Brick
Roof type
Shingle
Listing Agency:
RE/MAX Real Estate Professiona
(718) 532-2000
Listed By:
Siu Kit Wong · License #SW6470
(718) 532-2000
Added: Apr 30, 2025
Changed: Jun 30
Last Checked: Jul 27 at 8:06PM
MLS# 492274
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 two-family home is located in Brooklyn, NY. The detached brick building has separated entrances for each family. The building size is 29X50, totaling 2,934 square feet on a 6,175 square foot lot. The property benefits from its location on an extra wider street, offering ample sunlight and expansive views. It features 5 bedrooms and 4 baths. The roof is 8 years old. A working water well is present, suitable for flowers and plants. The property includes a beautiful front yard and parking spaces. Positioned for easy city access, the property is a short distance from the D Train station on 86th Street. Local amenities, including supermarkets, restaurants, bakeries, and schools, are conveniently nearby. The zoning is R5, suggesting potential for extra buildable spaces, appealing to developers, builders, or end users.
Key Highlights
- Detached brick property built in 1965 with central air‑split system, plus dishwasher, microwave, refrigerator, and stove
- Large two‑family setup with separate entrances for each family and move‑in condition
- 5 bedrooms and 4 bathrooms total; interior flooring includes hardwood, tile, and ceramic with granite finishes
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 | $149.6k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $146.8k | $50.03 |
| − OpEx | −$44.0k | −$15.01 |
| NOI | $102.8k | $35.02 |
2,934 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.47M
$1.28M – $1.71M
NOI $102,754 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,572 @ 7.0% cap · market cap 5.12%
Theoretical Best
Specialty Retail
$2.43M
$2.13M – $2.83M
NOI $170,055 @ 7.0% cap · market cap 9.72%
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 - Two-family home with detached brick construction and convenient city access.
Where is this duplex located?
The property is located at 1960 Stillwell Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Detached brick property built in 1965 with central air‑split system, plus dishwasher, microwave, refrigerator, and stove; Large two‑family setup with separate entrances for each family and move‑in condition; 5 bedrooms and 4 bathrooms total; interior flooring includes hardwood, tile, and ceramic with granite finishes
