Brick Duplex with
For Sale
$1,620,000
2024 E 27th Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size1,386 SF
Lot Size0.05 Acres
Price / SF$1,168
Days on Market165
Property Features for 2024 E 27th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 4, Bathroom 1, Bathroom 5, Bathroom 3, Bathroom 2
Parking features
Garage
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,386 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9760
Amenities
finished basement with separate entrance
storage area
Building Details
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Dao Bo (Paul) Lin
(718) 612-3088
Added: May 15
Changed: Oct 21
Last Checked: Oct 26 at 2:06PM
MLS# 501472
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 brick duplex contains two residential units within a 1,386-square-foot property. The layouts are described as spacious and adaptable, with hardwood flooring, five bathrooms, and a finished basement reached through its own entrance. A built-in garage accommodates two cars, while the flat roof and brick construction add to the property's established physical profile.
The property occupies a 0.0505-acre lot and functions as an end unit along a community drive, providing additional parking and storage space. Its Brooklyn setting offers access to supermarkets, restaurants, and public transportation, with Avenue U nearby. The address is 2024 E 27th Street, Brooklyn, NY 11229.
The property occupies a 0.0505-acre lot and functions as an end unit along a community drive, providing additional parking and storage space. Its Brooklyn setting offers access to supermarkets, restaurants, and public transportation, with Avenue U nearby. The address is 2024 E 27th Street, Brooklyn, NY 11229.
Key Highlights
- Two‑unit brick duplex with 1,386 square feet of property size
- Finished basement with a separate entrance
- Built‑in garage for 2 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,540
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,800
$970.8K
Cap Rate 7%
$693,429
$693.4K
Cap Rate 9%
$539,333
$539.3K
Market Conditions
NOI Build-Up for 1,386 SF
Gross rent
$70.7K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$69.3K $50.03/SF
− OpEx
−$20.8K −$15.01/SF
NOI
$48.5K $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%
$970,800
Cap Rate 7%
$693,429
Cap Rate 9%
$539,333
Alternative Uses
Best Use
Multifamily LT 5
$693.4K
$606.8K – $809.0K
NOI $48,540 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$604.5K
$528.9K – $705.2K
NOI $42,313 @ 7.0% cap · market cap 2.61%
Theoretical Best
Specialty Retail
$1.15M
$1.00M – $1.34M
NOI $80,333 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,163
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer flexible layouts, a finished basement, and separate access for added utility.
Where is this duplex located?
The property is located at 2024 E 27th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,620,000.
What are key features of this property?
This property features: Two‑unit brick duplex with 1,386 square feet of property size; Finished basement with a separate entrance; Built‑in garage for 2 cars
