Income-Producing Two-Family
2024 Bergen St Brooklyn, NY 11233
For Sale
Contact for pricing
Legal two-family property configured as four residential units plus a fully finished basement.
Property Size1,644 SF
Price / SF$775.55
Days on Market168
Property Features for 2024 Bergen St
General Information
Standard status
Active
Size
1,644 SF
Property subtype
Mixed Use
Listing Agency:
5 Boro Realty Corp
(855) 305-3325
Listed By:
Nina Sabag
Source:
Crexi
Added: Feb 10
Changed: Jul 21
Last Checked: Jul 27 at 12:09PM
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
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 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 | $83.8k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $82.3k | $50.03 |
| − OpEx | −$24.7k | −$15.01 |
| NOI | $57.6k | $35.02 |
1,644 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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.
Property Analytics
Location Intelligence
Current Use
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
