Semi-Detached Home with Shared
1981 New York Avenue Brooklyn, NY 11210
New
1981 New York Avenue, Brooklyn, NY, 11210
$1,160,000
For Sale
$1,160,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,408 SF
Lot Size0.05 Acres
Price / SF$823.86
Days on Market7
Property Features for 1981 New York Avenue
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bathroom 1, Bathroom 3, Bedroom 2, Bedroom 3, Bathroom 2
- Parking features
- Garage - Detached
- Patio and Porch features
- Porch
- Interior features
- A/C Unit - Wall, A/C Unit - Window, Dishwasher, Laundry Area, Microwave, Porch, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 1,408 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7580
Building Details
- Year built
- 1925
- Floors in Building
- 2
- Flooring type
- Parquet Wood, Laminate, Tile
- Building materials
- Wood Frame
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Brooklyn Residential R E Serv
(718) 676-1755
109B Avenue N, Brooklyn, NY
Listed by
Kim Stavrach
(718) 676-1755
Added: Jul 13 Checked: Jul 19 at 11:06 am
MLS# 502973
Listing URL
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.
Offered for sale in Flatbush–Midwood, this semi-detached home features three bedrooms and two and a half bathrooms. The property includes a shared driveway and a front porch, with a newly finished basement and additional updates noted in the listing remarks. Built in 1925, it has a reported building footprint of 16 by 42 and sits on a 22 by 100 lot.
The home is zoned R4, with an FAR of .64/.75 and a stated maximum build of 1,649 square feet. A certificate of occupancy is indicated as present. Taxes are listed as $7,580, and the listing notes School District 22.
The property is described as having a total size of 1,408 square feet.
The home is zoned R4, with an FAR of .64/.75 and a stated maximum build of 1,649 square feet. A certificate of occupancy is indicated as present. Taxes are listed as $7,580, and the listing notes School District 22.
The property is described as having a total size of 1,408 square feet.
Key Highlights
- 3BR 2.5BA semi‑detached home with a front porch and shared driveway
- Lot size 22x100 (2,200 SF); built size 16x42 (1,408 SF)
- Newly finished basement
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 | $71.8k | $51.00 |
| − Vacancy | −$1.4k | −$0.97 |
| EGI | $70.4k | $50.03 |
| − OpEx | −$21.1k | −$15.01 |
| NOI | $49.3k | $35.02 |
1,408 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$704.4K
$616.4K – $821.9K
NOI $49,311 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 3.71%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,608 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Semi-detached home offering three bedrooms, two and a half baths, a shared drive, and a newly finished basement.
Where is this duplex located?
The property is located at 1981 New York Avenue 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: 3BR 2.5BA semi‑detached home with a front porch and shared driveway; Lot size 22x100 (2,200 SF); built size 16x42 (1,408 SF); Newly finished basement
