Semi-Detached Two-Family
New
For Sale
$1,150,000
2064 63rd St, Brooklyn, NY 11204
R5-zoned semi-detached two-family with separate entrances to semi-finished basement and multiple utility meters.
Property Size1,600 SF
Days on Market7
Property Features for 2064 63rd St
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Multi Family
Zoning
R5
Additional Details
Utilities to Site
Yes
Building Details
Building Size
1,600 SF
Year Built
1915
Tenancy
Multi
Listing Agency:
Century 21 Homefront Realty
(718) 252-6060
Listed By:
Delton Cheng · License #31CH0928260
(718) 252-6060
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Aug 3 at 8:11AM
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 Century 21 Homefront Realty
Investment Insights
Based on property information with market context.
Located at 2064 63rd St, Brooklyn, this semi-detached two-family residence was built in 1915 and is configured with two separate apartments plus interior access to a semi-finished basement. The first-floor apartment includes a living room, eat-in kitchen, front and rear bedrooms, and a full bathroom. The basement level features a separate front entrance along with an expansive family/recreation room, utility kitchen, and an additional bathroom.
The second-floor apartment offers a bright living room, eat-in kitchen, two bedrooms, and a full bathroom. The home is set up for separate utilities, with separate gas and electric utilities, including three electric meters and two gas meters, and a gas-fired heating boiler with separate hot water.
Outside, the property has a deep lot with multi-car parking and a detached garage accessed via a rear community driveway. It sits on an R5-zoned lot and includes additional buildable square footage with FAR 1.5, over 3500 sq ft buildable. Transit access is a key benefit, with the N train nearby, plus the B8 and B6 bus routes.
The second-floor apartment offers a bright living room, eat-in kitchen, two bedrooms, and a full bathroom. The home is set up for separate utilities, with separate gas and electric utilities, including three electric meters and two gas meters, and a gas-fired heating boiler with separate hot water.
Outside, the property has a deep lot with multi-car parking and a detached garage accessed via a rear community driveway. It sits on an R5-zoned lot and includes additional buildable square footage with FAR 1.5, over 3500 sq ft buildable. Transit access is a key benefit, with the N train nearby, plus the B8 and B6 bus routes.
Key Highlights
- Three electric meters and two gas meters with separate gas and electric utilities
- Semi‑finished basement includes separate front entrance plus family/recreation room, utility kitchen, and bathroom
- Two separate apartments: first‑floor with front and rear bedrooms; second‑floor with two bedrooms
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 | $81.6k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $80.0k | $50.03 |
| − OpEx | −$24.0k | −$15.01 |
| NOI | $56.0k | $35.02 |
1,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$800.5K
$700.4K – $933.9K
NOI $56,035 @ 7.0% cap · market cap 4.87%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 4.25%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,758
Businesses Nearby
Explore this area
Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R5-zoned semi-detached two-family with separate entrances to semi-finished basement and multiple utility meters.
Where is this duplex located?
The property is located at 2064 63rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three electric meters and two gas meters with separate gas and electric utilities; Semi‑finished basement includes separate front entrance plus family/recreation room, utility kitchen, and bathroom; Two separate apartments: first‑floor with front and rear bedrooms; second‑floor with two bedrooms
