Renovated 2-Family
New
For Sale
$2,225,000
216 29th Street, Brooklyn, NY 11232
Residential, Brooklyn, NY
Property Size2,272 SF
Lot Size0.04 Acres
Price / SF$979.31
Days on Market5
Property Features for 216 29th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Patio and Porch features
Deck
Interior features
Central Air - Split, Deck, Fireplace
Fireplace
1
Subdivision
Greenwood Heights
Standard status
Active
Size
2,272 SF
Lot size
0.04 Acres
Additional Details
Individually Metered Utilities
electricity
Amenities
private outdoor space
electric fireplace
ceiling speakers
radiant heated floors
electric towel warmers
backlit mirrors
Mitsubishi Hyper-Heat systems
washer/dryer hookups
pre-wired for internet/phone/tv
built-in alarm system
Building Details
Year built
1910
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Asphalt
Buildings
1
Listing Agency:
Your Home Sold Guaranteed Real
Listed By:
Jason D. Blake
(718) 608-4892
Added: Nov 2
Last Checked: Nov 6 at 4:06AM
MLS# 505723
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.
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Investment Insights
Based on property information with market context.
At 216 29th Street, this renovated, brick two-family home contains 2,272 square feet on a 0.0383-acre lot. The ground-floor apartment has its own entrance, an open living and dining area, one bedroom with a walk-in closet, a full bath, and laundry hookups. Above it, the owner’s duplex has three bedrooms, including a primary suite with a private bath, plus open living and dining areas, a kitchen with an island, and a separate coffee and bar area. A deck, fireplace, hardwood flooring, and skylit hallway are among the additional features.
The building dates to 1910 and is zoned R6B. Improvements include updated plumbing and electrical systems, a new roof, windows, doors, siding, and insulation. Each unit has a Mitsubishi Hyper-Heat heating and cooling system, separate electric meters, and separate utilities. The property is fully electric, with no gas service.
The building dates to 1910 and is zoned R6B. Improvements include updated plumbing and electrical systems, a new roof, windows, doors, siding, and insulation. Each unit has a Mitsubishi Hyper-Heat heating and cooling system, separate electric meters, and separate utilities. The property is fully electric, with no gas service.
Key Highlights
- Two‑family layout with a one‑bedroom ground‑floor apartment and three‑bedroom upper duplex
- 2,272 square feet on a 0.0383‑acre lot
- R6B zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,569
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,380
$1.6M
Cap Rate 7%
$1,136,700
$1.1M
Cap Rate 9%
$884,100
$884.1K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$115.9K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$113.7K $50.03/SF
− OpEx
−$34.1K −$15.01/SF
NOI
$79.6K $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%
$1,591,380
Cap Rate 7%
$1,136,700
Cap Rate 9%
$884,100
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$994.6K – $1.33M
NOI $79,569 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$990.9K
$867.0K – $1.16M
NOI $69,362 @ 7.0% cap · market cap 3.12%
Theoretical Best
Specialty Retail
$1.88M
$1.65M – $2.19M
NOI $131,685 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,673
Businesses Nearby
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Business Placement
Demographics for 11232, NY
30,181
Population
10,004
Households
3
Avg Household Size
35
Median Age
36%
College-Educated
69%
High-School Grad
1.2 sq mi
ZIP Area
25,151
Density / Sq Mi
$87,517
Median Household Income
$45,983
Median Earnings
$1,972
Median Rent
$782,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A ground-level one-bedroom apartment and an upper three-bedroom owner’s duplex provide separate living spaces.
Where is this duplex located?
The property is located at 216 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,225,000.
What are key features of this property?
This property features: Two‑family layout with a one‑bedroom ground‑floor apartment and three‑bedroom upper duplex; 2,272 square feet on a 0.0383‑acre lot; R6B zoning
