Brick Duplex with Private
For Sale
$859,000
2040 Brown Street, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size1,216 SF
Lot Size0.04 Acres
Price / SF$706.41
Days on Market161
Property Features for 2040 Brown Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 3, Bedroom 1
Parking features
Garage
Interior features
A/C Unit, Laundry Area, Refrigerator, Stove, Window Treatments
Basement
Full, Unfinished
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,216 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6941
Building Details
Year built
1940
Flooring type
Hardwood, Carpet
Roof type
Flat
Architectural style
Other
Listing Agency:
Tracey Real Estate
Listed By:
Robert Tracey
(718) 376-4994
Added: May 19
Changed: Oct 20
Last Checked: Oct 26 at 11:06PM
MLS# 501563
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 1,216-square-foot duplex was built in 1940 and offers a three-bedroom layout with a spacious living room connected to the kitchen and dining area. The upper level contains three bedrooms and a bathroom, while the full basement remains unfinished. Interior features include a refrigerator, stove, window treatments, an A/C unit, and a laundry area. Hardwood and carpet flooring are installed throughout the residence.
The property occupies 0.0436 acres and includes a built-in garage, a rear yard, and a community driveway with private parking for 2 cars. The flat roof and R4 zoning complete the property's physical and regulatory profile.
The property occupies 0.0436 acres and includes a built-in garage, a rear yard, and a community driveway with private parking for 2 cars. The flat roof and R4 zoning complete the property's physical and regulatory profile.
Key Highlights
- 1,216‑square‑foot duplex with three‑bedroom layout
- Built in 1940 with brick construction
- Full unfinished basement and rear yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,586
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,720
$851.7K
Cap Rate 7%
$608,371
$608.4K
Cap Rate 9%
$473,178
$473.2K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$62.0K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$60.8K $50.03/SF
− OpEx
−$18.3K −$15.01/SF
NOI
$42.6K $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%
$851,720
Cap Rate 7%
$608,371
Cap Rate 9%
$473,178
Alternative Uses
Best Use
Multifamily LT 5
$608.4K
$532.3K – $709.8K
NOI $42,586 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$530.3K
$464.0K – $618.7K
NOI $37,123 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$1.01M
$881.0K – $1.17M
NOI $70,479 @ 7.0% cap · market cap 8.20%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,653
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-level brick residence with unfinished basement, rear yard, garage, and R4 zoning.
Where is this duplex located?
The property is located at 2040 Brown Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $859,000.
What are key features of this property?
This property features: 1,216‑square‑foot duplex with three‑bedroom layout; Built in 1940 with brick construction; Full unfinished basement and rear yard
