Duplex with Finished
For Sale
$1,125,000
1981 New York Avenue, Brooklyn, NY 11210
Residential, Duplex, Brooklyn, NY
Property Size1,408 SF
Lot Size0.05 Acres
Price / SF$799.01
Days on Market97
Property Features for 1981 New York Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1
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
Subdivision
Midwood
Standard status
Active
Size
1,408 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
7580
Amenities
front porch
newly finished basement
Building Details
Year built
1925
Floors in Building
2
Flooring type
Laminate, Parquet Wood, Tile
Building materials
Wood Frame
Roof type
Flat
Architectural style
Other
Listing Agency:
Brooklyn Residential R E Serv
Listed By:
Kim Stavrach · License #STAIM1078
(718) 676-1755
Added: Jul 13
Changed: Oct 13
Last Checked: Oct 17 at 10:06PM
MLS# 502973
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.
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Investment Insights
Based on property information with market context.
This 1,408-square-foot duplex is a semi-detached residential property built in 1925. The home includes three bedrooms and three bathrooms, along with a front porch, shared driveway, detached garage, and newly finished basement. Interior features include a dishwasher, microwave, refrigerator, stove, laundry area, and wall- or window-mounted A/C units. Tile, parquet wood, and laminate flooring are installed throughout, with wood-frame construction and a flat roof.
The property is located at 1981 New York Avenue in Brooklyn's 11210 ZIP code. It occupies a 2,200-square-foot lot measuring 22 by 100 feet and carries R4 zoning. The stated FAR is .64/.75, with a maximum buildable area of 1,649 square feet. A certificate of occupancy is identified as 28253/24.
The property is located at 1981 New York Avenue in Brooklyn's 11210 ZIP code. It occupies a 2,200-square-foot lot measuring 22 by 100 feet and carries R4 zoning. The stated FAR is .64/.75, with a maximum buildable area of 1,649 square feet. A certificate of occupancy is identified as 28253/24.
Key Highlights
- 3‑bedroom, 3‑bathroom duplex
- 1,408 square feet of building area
- 2,200‑square‑foot lot measuring 22x100
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,311
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,220
$986.2K
Cap Rate 7%
$704,443
$704.4K
Cap Rate 9%
$547,900
$547.9K
Market Conditions
NOI Build-Up for 1,408 SF
Gross rent
$71.8K $51.00/SF
− Vacancy
−$1.4K −$0.97/SF
EGI
$70.4K $50.03/SF
− OpEx
−$21.1K −$15.01/SF
NOI
$49.3K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$986,220
Cap Rate 7%
$704,443
Cap Rate 9%
$547,900
Alternative Uses
Best Use
Multifamily LT 5
$704.4K
$616.4K – $821.9K
NOI $49,311 @ 7.0% cap · market cap 4.38%
Second Best
Apartment 5plus
$614.1K
$537.3K – $716.4K
NOI $42,985 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$1.17M
$1.02M – $1.36M
NOI $81,608 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,268
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-detached residential property with a porch, detached garage, and 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 $1,125,000.
What are key features of this property?
This property features: 3‑bedroom, 3‑bathroom duplex; 1,408 square feet of building area; 2,200‑square‑foot lot measuring 22x100
