Brick 3-Bedroom
2040 Brown Street Brooklyn, NY 11229
2040 Brown Street, Brooklyn, NY, 11229
$859,000
For Sale
$859,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,216 SF
Lot Size0.04 Acres
Price / SF$706.41
Days on Market63
Property Features for 2040 Brown Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 3
- Bathrooms
- 1
- Rooms
- Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 1
- Parking features
- Garage
- Interior features
- A/C Unit, Laundry Area, Refrigerator, Stove, Window Treatments
- Basement
- Full, Unfinished
- 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
- Carpet, Hardwood
- Roof type
- Flat
- Architectural style
- Other
Listing Agency
Tracey Real Estate
(718) 376-4994
3619 Ave S, Brooklyn, NY
Listed by
Robert Tracey · License #TRART8436
(718) 376-4994
Added: May 19 Checked: Jul 20 at 5:06 am
MLS# 501563
Listing URL
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.
Investment Insights
Based on property information with market context.
This brick 3-bedroom duplex includes a large living room with an open concept kitchen and dining room. The top floor has three bedrooms and a new bathroom. The basement is full and unfinished, offering additional storage or customization space.
Set in Sheepshead Bay, the property is described as close to shopping and transportation, with Marine Park nearby. Zoning is listed as R4.
Additional on-site features include a community drive with private parking for two cars, a built-in garage, and a rear yard.
Set in Sheepshead Bay, the property is described as close to shopping and transportation, with Marine Park nearby. Zoning is listed as R4.
Additional on-site features include a community drive with private parking for two cars, a built-in garage, and a rear yard.
Key Highlights
- 3‑bedroom brick duplex built in 1940 with a large living room and open‑concept kitchen and dining area
- Top floor features 3 bedrooms and a new bath
- Full basement with laundry area; basement is unfinished
Local 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 | $62.0k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $60.8k | $50.03 |
| − OpEx | −$18.3k | −$15.01 |
| NOI | $42.6k | $35.02 |
1,216 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Brick duplex with full unfinished basement, private parking for two cars, and an open kitchen and dining area.
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: 3‑bedroom brick duplex built in 1940 with a large living room and open‑concept kitchen and dining area; Top floor features 3 bedrooms and a new bath; Full basement with laundry area; basement is unfinished
