Sheepshead Bay Two-Family Brick
2118 E 27th Street, Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
Property size:
3,630 SFLot size:
0.07 AcresPrice / SF:
$426/SF- Added:
- May 18, 2026
- Days on Market:
- 8
- Last Refresh:
- May 25 at 8:06 pm
Property Features for 2118 E 27th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 2
- Parking features
- Garage - Detached
- Interior features
- Central Air - Split, Refrigerator, Stove
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,630 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11698
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Kelly Wu (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 18, 2026
MLS# 501480
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.
HighLights
- Fully detached 2‑family brick home in prime Sheepshead Bay location
- Spacious 3‑bedroom layout on both 1st and 2nd floors with separate entrances
- Full finished basement with separate entrance for recreation, storage, or flexible use
- Shared driveway with detached garage provides parking for multiple cars
- Conveniently located near Avenue U shopping, restaurants, schools, and public transportation (buses and Q/B trains)
- Well‑maintained with hardwood floors and plenty of natural light throughout
Overview
This fully detached two-family brick home is located in Sheepshead Bay, Brooklyn. The property is situated on a 29x100 lot, with a building size of 20x66. Each of the first and second floors features a three-bedroom layout, including a large living room, formal dining room, eat-in kitchen, and full bathroom. The property is well-maintained and features hardwood floors, separate entrances, and ample natural light. A full finished basement with a separate entrance provides additional space for recreation, storage, or flexible use. The shared driveway leads to a detached garage in the rear, offering parking for multiple cars. The property is conveniently located near Avenue U, with its shopping and restaurants, as well as schools and public transportation. Transportation options include the B44, B3, and B49 buses, in addition to the Q and B trains. The property, with zoning designation R4, offers an opportunity for both end users and investors. The property size is 3,630 square feet, situated on a 0.0666-acre lot.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.41M
NOI $127,129 @ 9.00% cap · cautious / downside scenario
Moderate
$1.82M
NOI $127,129 @ 7.00% cap · market / base-case scenario
Aggressive
$2.54M
NOI $127,129 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $185.1k | $51.00 |
| − Vacancy | −$3.5k | −$0.97 |
| EGI | $181.6k | $50.03 |
| − OpEx | −$54.5k | −$15.01 |
| NOI | $127.1k | $35.02 |
3,630 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.82M
$1.59M – $2.12M
NOI $127,129 @ 7.0% cap · market cap 8.20%
Second Best
Apartment 5plus
$1.58M
$1.39M – $1.85M
NOI $110,820 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$3.01M
$2.63M – $3.51M
NOI $210,395 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.94493
- Latitude
- 40.599596
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-family home in Sheepshead Bay near transportation and amenities.
Where is this duplex located?
The property is located at 2118 E 27th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Fully detached 2‑family brick home in prime Sheepshead Bay location; Spacious 3‑bedroom layout on both 1st and 2nd floors with separate entrances; Full finished basement with separate entrance for recreation, storage, or flexible use
