Semi-Detached Residential Income
1981 New York Ave Brooklyn, NY 11210
1981 New York Ave, Brooklyn, NY, 11210
$1,160,000
For Sale
$1,160,000
MULTI_FAMILY - Other - Brooklyn, NY
Property Size2,058 SF
Lot Size0.05 Acres
Price / SF$563.65
Days on Market12
Property Features for 1981 New York Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 3, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 3
- Parking features
- Driveway
- Patio and Porch features
- Patio
- Interior features
- Entrance Foyer
- Standard status
- Active
- APN
- 7633-0036
- Size
- 2,058 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7580
Utilities
- Heating system
- Steam, Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Vinyl Siding
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
BROOKLYN RESIDENTIAL REAL ESTATE SERVICES LLC
(718) 676-1755
109 AVE N, BROOKLYN, NY
Listed by
Jack Menashe
(718) 676-1755
Added: Jul 6 Checked: Jul 17 at 7:06 pm
MLS# 11871165
Listing URL
Copyright © 2026 My State MLS. 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 residential income home features 3 bedrooms and 2.5 bathrooms. The property includes a front porch, a shared driveway, and a newly finished basement. Built in 1925, it sits on a 22-by-100 lot, with a 16-by-42 building footprint. A certificate of occupancy is indicated as present.
Located in the Flatbush-Midwood area of Brooklyn, NY 11210, the property is identified at 1981 New York Ave near Ave K–L. Zoning is listed as R4, with FAR noted as .64/.75 and a maximum build of 1,649 square feet. School district is listed as 22, and 2025 taxes are stated as $7,580.
Located in the Flatbush-Midwood area of Brooklyn, NY 11210, the property is identified at 1981 New York Ave near Ave K–L. Zoning is listed as R4, with FAR noted as .64/.75 and a maximum build of 1,649 square feet. School district is listed as 22, and 2025 taxes are stated as $7,580.
Key Highlights
- 3‑bedroom, 2.5‑bath semi‑detached home with front porch and shared driveway
- Lot size 22x100 (2,200 SF) with built area 16x42 (1,408 SF)
- Year built: 1925; zoning R4 with FAR .64/.75 (max build 1,649 SF)
Local Financial Insights For Apartment 5plus
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 | $116.6k | $56.64 |
| − Vacancy | −$2.3k | −$1.13 |
| EGI | $114.2k | $55.51 |
| − OpEx | −$51.4k | −$24.98 |
| NOI | $62.8k | $30.53 |
2,058 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$897.6K
$785.4K – $1.05M
NOI $62,829 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.99M
NOI $119,282 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - Semi-detached home offering 3 bedrooms and 2.5 baths, with a shared driveway and newly finished basement.
Where is this single family property located?
The property is located at 1981 New York Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,160,000.
What are key features of this property?
This property features: 3‑bedroom, 2.5‑bath semi‑detached home with front porch and shared driveway; Lot size 22x100 (2,200 SF) with built area 16x42 (1,408 SF); Year built: 1925; zoning R4 with FAR .64/.75 (max build 1,649 SF)
