Residential Income Property with Private
For Sale
$1,299,000
216 CALYER Street 1B, Brooklyn, NY 11222
Duplex residence with two bedrooms, two full baths, private gardens, elevator access, and a renovated lobby.
Property Size1,360 SF
Price / SF$955.15
Days on Market215
Property Features for 216 CALYER Street 1B
General Information
Standard status
Active
Size
1,360 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$13,164
Building Details
Building Size
1,360 SF
Year Built
2006
Listing Agency:
Douglas Elliman Real Estate
Listed By:
Kim Shepard · License #40SH0875987
(917) 797-9001
Source:
Howardhannanyc
Added: Mar 27
Changed: Oct 25
Last Checked: Oct 26 at 10:56PM
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 Douglas Elliman Real Estate
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Investment Insights
Based on property information with market context.
This 1,360-square-foot duplex residence is located in a six-story elevator condominium completed in 2006. The main living area includes a decorative fireplace, floor-to-ceiling windows, high ceilings, maple flooring, and direct access to a private garden. Its kitchen features cherry cabinetry, granite counters, and stainless steel appliances. The upper-level primary bedroom includes an en-suite bath with a Jacuzzi tub and marble counters.
A lower-level den or second bedroom is paired with another full bathroom, a wine cellar that may serve as a small office, a large walk-in closet, and access to an additional private garden. The building has a renovated lobby, a roof deck with Manhattan and Brooklyn skyline views, and in-unit washer/dryers. The property is located at 216 CALYER Street 1B in Greenpoint, Brooklyn.
A lower-level den or second bedroom is paired with another full bathroom, a wine cellar that may serve as a small office, a large walk-in closet, and access to an additional private garden. The building has a renovated lobby, a roof deck with Manhattan and Brooklyn skyline views, and in-unit washer/dryers. The property is located at 216 CALYER Street 1B in Greenpoint, Brooklyn.
Key Highlights
- 1,360 SF duplex with 2 bedrooms and 2 bathrooms
- Two private gardens, including direct access from the main living area
- Six‑story elevator condominium completed in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,519
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,380
$830.4K
Cap Rate 7%
$593,129
$593.1K
Cap Rate 9%
$461,322
$461.3K
Market Conditions
NOI Build-Up for 1,360 SF
Gross rent
$77.0K $56.64/SF
− Vacancy
−$1.5K −$1.13/SF
EGI
$75.5K $55.51/SF
− OpEx
−$34.0K −$24.98/SF
NOI
$41.5K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$830,380
Cap Rate 7%
$593,129
Cap Rate 9%
$461,322
Alternative Uses
Best Use
Apartment 5plus
$593.1K
$519.0K – $692.0K
NOI $41,519 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.13M
$985.3K – $1.31M
NOI $78,826 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5,728
Businesses Nearby
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Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Duplex residence with two bedrooms, two full baths, private gardens, elevator access, and a renovated lobby.
Where is this residential income property located?
The property is located at 216 CALYER Street 1B Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 1,360 SF duplex with 2 bedrooms and 2 bathrooms; Two private gardens, including direct access from the main living area; Six‑story elevator condominium completed in 2006
