Two-Family Residential Income
2168 Strauss Street Brooklyn, NY 11212
2168 Strauss Street, Brooklyn, NY, 11212
$900,000
For Sale
$900,000
Two 3-bedroom, 1-bath units with a finished basement, delivered partially occupied with the first-floor unit vacant.
Property Size2,320 SF
Price / SF$387.93
Days on Market147
Property Features for 2168 Strauss Street
General Information
- Standard status
- Active
- Size
- 2,320 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1925
Listing agency
RD Realty Consultants I LLC
(718) 859-0800
Listed by
Roger Adams
Source
Penrealty
Added: Feb 25 Updated: Jul 18 at 2:33AM Checked: Jul 21 at 6:22AM
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 RD Realty Consultants I LLC
Investment Insights
Based on property information with market context.
This two-family residential income building features two separate 3-bedroom, 1-bath units, with a finished basement. The property includes additional finished space in the basement level, and it is being sold as-is.
The first-floor unit will be vacant at delivery, while the property will be delivered partially occupied with the remaining unit occupied.
Each unit is configured as a 3-bedroom, 1-bath layout, offering consistent floor plans within the building.
The first-floor unit will be vacant at delivery, while the property will be delivered partially occupied with the remaining unit occupied.
Each unit is configured as a 3-bedroom, 1-bath layout, offering consistent floor plans within the building.
Key Highlights
- Two 3‑bedroom, 1‑bath units in a 1925‑built 2‑family home
- Finished basement included
- Partially occupied at delivery, with the first‑floor unit vacant
Local 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 | $118.3k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $116.1k | $50.03 |
| − OpEx | −$34.8k | −$15.01 |
| NOI | $81.3k | $35.02 |
2,320 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,250 @ 7.0% cap · market cap 9.03%
Second Best
Apartment 5plus
$1.01M
$885.3K – $1.18M
NOI $70,827 @ 7.0% cap · market cap 7.87%
Theoretical Best
Specialty Retail
$1.92M
$1.68M – $2.24M
NOI $134,467 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two 3-bedroom, 1-bath units with a finished basement, delivered partially occupied with the first-floor unit vacant.
Where is this duplex located?
The property is located at 2168 Strauss Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units in a 1925‑built 2‑family home; Finished basement included; Partially occupied at delivery, with the first‑floor unit vacant
