Brick Duplex with Detached
For Sale
$949,000
2041 Coyle St, Brooklyn, NY 11229
Delivered vacant with private parking, gas heating, and a flexible multi-level layout.
Property Size2,040 SF
Days on Market48
Property Features for 2041 Coyle St
General Information
Standard status
Active
Size
2,040 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,886
Amenities
private parking
community driveway
detached garage
gas heating system
hardwood flooring
Building Details
Building Size
2,040 SF
Construction
brick
Listing Agency:
George L Clark Inc
Listed By:
George L. Clark III
(718) 266-3900
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 26 at 3:46PM
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 George L Clark Inc
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Investment Insights
Based on property information with market context.
This brick two-family property is delivered fully vacant and includes a detached garage, community driveway, private parking, gas heating, and hardwood flooring. The existing arrangement features a four-room rental above a six-room owner’s duplex, offering multiple layout possibilities for a future owner.
The first floor contains three rooms and a full bath, while the second floor provides four rooms and a full bath. The lower level has front and rear entrances, three finished rooms, and an additional bathroom. The property is located on Coyle St in Brooklyn, near Marine Park, public transportation, express buses, restaurants, schools, and Avenue U shopping. WalkScore is 84, TransitScore is 80, and BikeScore is 68.
The first floor contains three rooms and a full bath, while the second floor provides four rooms and a full bath. The lower level has front and rear entrances, three finished rooms, and an additional bathroom. The property is located on Coyle St in Brooklyn, near Marine Park, public transportation, express buses, restaurants, schools, and Avenue U shopping. WalkScore is 84, TransitScore is 80, and BikeScore is 68.
Key Highlights
- Two‑family brick home delivered fully vacant
- Detached garage with private parking and community driveway
- Four‑room rental over a six‑room owner’s duplex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,444
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,428,880
$1.4M
Cap Rate 7%
$1,020,629
$1.0M
Cap Rate 9%
$793,822
$793.8K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$104.0K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$102.1K $50.03/SF
− OpEx
−$30.6K −$15.01/SF
NOI
$71.4K $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%
$1,428,880
Cap Rate 7%
$1,020,629
Cap Rate 9%
$793,822
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$893.1K – $1.19M
NOI $71,444 @ 7.0% cap · market cap 7.53%
Second Best
Apartment 5plus
$889.7K
$778.5K – $1.04M
NOI $62,279 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,238 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,998
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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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 - Delivered vacant with private parking, gas heating, and a flexible multi-level layout.
Where is this duplex located?
The property is located at 2041 Coyle St Brooklyn, NY.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Two‑family brick home delivered fully vacant; Detached garage with private parking and community driveway; Four‑room rental over a six‑room owner’s duplex
