Semi-Detached Two-Family Brick
For Sale
$1,049,000
2157 E 33rd St, Brooklyn, NY 11234
Move-in ready two-unit brick home with private driveway, garage, backyard space, and a large roof terrace.
Property Size2,250 SF
Lot Size0.06 Acres
Days on Market72
Property Features for 2157 E 33rd St
General Information
Standard status
Active
Size
2,250 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,700
Building Details
Building Size
2,250 SF
Year Built
1935
Stories
3
Tenancy
Multi
Listing Agency:
Pride Estates
(718) 569-2888
Listed By:
Mitchell Feldman
(718) 569-2888
Source:
Elliman
Added: Jun 22
Changed: Aug 31
Last Checked: Aug 30 at 11:01PM
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 Pride Estates
Investment Insights
Based on property information with market context.
This semi-detached two-family brick home is offered for the first time and presents in excellent move-in condition. The property includes a private driveway and a built-in garage, along with a private backyard and a large roof terrace. The upper unit is a duplex-style apartment with three bedrooms, two full bathrooms, a large living room, an updated kitchen with a dinette, hardwood floors, and ample closet space. The lower level features a one-bedroom apartment. The home is heated with gas and includes gas hot water.
The residence is located directly across the street from Marine Park. Access is supported by nearby shopping and dining, and public transit options include the B3 and B2 bus stops, providing convenient connections for day-to-day commuting.
For owner-occupants or investors, this layout offers straightforward separation between a larger upper duplex with three bedrooms and a separate one-bedroom apartment below. With dedicated outdoor space at both ground level and on the roof terrace, the home supports tenant lifestyle needs without requiring major immediate updates.
The residence is located directly across the street from Marine Park. Access is supported by nearby shopping and dining, and public transit options include the B3 and B2 bus stops, providing convenient connections for day-to-day commuting.
For owner-occupants or investors, this layout offers straightforward separation between a larger upper duplex with three bedrooms and a separate one-bedroom apartment below. With dedicated outdoor space at both ground level and on the roof terrace, the home supports tenant lifestyle needs without requiring major immediate updates.
Key Highlights
- Two‑family semi‑detached brick home built in 1935 with 2 apartments
- Upper duplex features 3 bedrooms, 2 full baths, large living room, updated kitchen with dinette, hardwood floors, and plenty of closets
- Lower unit offers a one‑bedroom apartment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$78,799
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,575,980
$1.6M
Cap Rate 7%
$1,125,700
$1.1M
Cap Rate 9%
$875,544
$875.5K
Market Conditions
NOI Build-Up for 2,250 SF
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.
Gross rent
$114.8K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.6K $50.03/SF
− OpEx
−$33.8K −$15.01/SF
NOI
$78.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,575,980
Cap Rate 7%
$1,125,700
Cap Rate 9%
$875,544
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$985.0K – $1.31M
NOI $78,799 @ 7.0% cap · market cap 7.51%
Second Best
Apartment 5plus
$981.3K
$858.6K – $1.14M
NOI $68,690 @ 7.0% cap · market cap 6.55%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 12.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,877
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Move-in ready two-unit brick home with private driveway, garage, backyard space, and a large roof terrace.
Where is this duplex located?
The property is located at 2157 E 33rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Two‑family semi‑detached brick home built in 1935 with 2 apartments; Upper duplex features 3 bedrooms, 2 full baths, large living room, updated kitchen with dinette, hardwood floors, and plenty of closets; Lower unit offers a one‑bedroom apartment
