Income-Producing Two-Family
For Sale
Contact for pricing
2024 Bergen St, Brooklyn, NY 11233
Legal two-family property configured as four residential units plus a fully finished basement.
Property Size1,644 SF
Price / SF$775.55
Days on Market260
Property Features for 2024 Bergen St
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Mixed Use
Additional Details
Multifamily Units
4
Listing Agency:
5 Boro Realty Corp
Listed By:
Nina Sabag · License #10311207532
(917) 705-0005
Source:
Crexi
Added: Feb 10
Changed: Oct 28
Last Checked: Oct 26 at 4:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 5 Boro Realty Corp
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Investment Insights
Based on property information with market context.
2024 Bergen Street is a legal two-family property currently configured as four residential units, with additional living space in a fully finished basement. The layout is designed to support multiple income-producing units while providing extra usable square footage below grade.
The property is located in Brooklyn near public transportation and neighborhood amenities, including shopping and schools, supporting ongoing rental demand.
Offered for sale, this setup may appeal to both investors seeking cash-flowing residential units and owner-occupants looking to offset mortgage costs through rental income.
The property is located in Brooklyn near public transportation and neighborhood amenities, including shopping and schools, supporting ongoing rental demand.
Offered for sale, this setup may appeal to both investors seeking cash-flowing residential units and owner-occupants looking to offset mortgage costs through rental income.
Key Highlights
- Legal two‑family property configured as four residential units
- Fully finished basement adds additional usable living/bonus space
- Income‑producing setup designed for investors seeking rental cash flow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,576
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,151,520
$1.2M
Cap Rate 7%
$822,514
$822.5K
Cap Rate 9%
$639,733
$639.7K
Market Conditions
NOI Build-Up for 1,644 SF
Gross rent
$83.8K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$82.3K $50.03/SF
− OpEx
−$24.7K −$15.01/SF
NOI
$57.6K $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%
$1,151,520
Cap Rate 7%
$822,514
Cap Rate 9%
$639,733
Alternative Uses
Best Use
Multifamily LT 5
$822.5K
$719.7K – $959.6K
NOI $57,576 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$717.0K
$627.4K – $836.5K
NOI $50,190 @ 7.0% cap · market cap 3.94%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,286 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
3,787
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Legal two-family property configured as four residential units plus a fully finished basement.
Where is this quadplex located?
The property is located at 2024 Bergen St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Legal two‑family property configured as four residential units; Fully finished basement adds additional usable living/bonus space; Income‑producing setup designed for investors seeking rental cash flow
