Two-Family Brick
New
For Sale
$948,000
2058 Coyle St, Brooklyn, NY 11229
A vacant two-bedroom apartment complements the three-bedroom owner's unit and finished basement.
Property Size2,142 SF
Lot Size0.04 Acres
Price / SF$442.58
Days on Market4
Property Features for 2058 Coyle St
General Information
Standard status
Active
Size
2,142 SF
Total Parking Spaces
2
Lot size
0.04 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,740
Amenities
full finished walk-in basement
hardwood and tile flooring
gas heating
front and rear outdoor spaces
Building Details
Building Size
2,142 SF
Year Built
1930
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Daniel Gamil · License #10301211175
(718) 612-3088
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 10:24AM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
Built in 1930, this brick duplex contains 2,142 square feet of living space on a 17-by-100-foot lot. The layout includes a three-bedroom owner's duplex and a separate vacant two-bedroom apartment, with two full bathrooms in total. Hardwood and tile flooring, gas heat, and a finished walk-in basement are among the interior features. Front and rear outdoor areas add exterior space, and a detached two-car garage is reached by a community drive.
The property is at 2058 Coyle St in Brooklyn's Marine Park area. Local shopping and restaurants are nearby. Bus service includes the B3 on Avenue U and the B31 on Gerritsen Avenue, with connections to the Q subway line. Walk, transit, and bike scores are 84, 80, and 68, respectively.
The property is at 2058 Coyle St in Brooklyn's Marine Park area. Local shopping and restaurants are nearby. Bus service includes the B3 on Avenue U and the B31 on Gerritsen Avenue, with connections to the Q subway line. Walk, transit, and bike scores are 84, 80, and 68, respectively.
Key Highlights
- Two‑family brick duplex with five bedrooms and two full bathrooms
- Three‑bedroom owner's duplex plus a vacant two‑bedroom apartment
- 2,142 square feet of living space on a 17 x 100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,016
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,320
$1.5M
Cap Rate 7%
$1,071,657
$1.1M
Cap Rate 9%
$833,511
$833.5K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$109.2K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$107.2K $50.03/SF
− OpEx
−$32.1K −$15.01/SF
NOI
$75.0K $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%
$1,500,320
Cap Rate 7%
$1,071,657
Cap Rate 9%
$833,511
Alternative Uses
Best Use
Multifamily LT 5
$1.07M
$937.7K – $1.25M
NOI $75,016 @ 7.0% cap · market cap 7.91%
Second Best
Apartment 5plus
$934.2K
$817.4K – $1.09M
NOI $65,393 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,150 @ 7.0% cap · market cap 13.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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 - A vacant two-bedroom apartment complements the three-bedroom owner's unit and finished basement.
Where is this duplex located?
The property is located at 2058 Coyle St Brooklyn, NY.
What is the asking price?
The asking price for this property is $948,000.
What are key features of this property?
This property features: Two‑family brick duplex with five bedrooms and two full bathrooms; Three‑bedroom owner's duplex plus a vacant two‑bedroom apartment; 2,142 square feet of living space on a 17 x 100 lot
