Brick Duplex with Private
For Sale
$1,999,000
220 Avenue T, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size2,244 SF
Lot Size0.05 Acres
Price / SF$890.82
Days on Market53
Property Features for 220 Avenue T
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5B
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 3, Bathroom 3, Bedroom 2
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
2,244 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
9586
Amenities
basement with separate entrance
all utilities separately metered
Building Details
Year built
1955
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Tiger Realty
Listed By:
Yuyi Cheng
(917) 708-9966
Added: Sep 4
Changed: Oct 22
Last Checked: Oct 26 at 4:06AM
MLS# 504276
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.
This 2-family brick duplex contains 2,244 square feet with 6 bedrooms and 3 bathrooms. The building measures approximately 20*60 on a 24*100 lot and includes a basement with a separate entrance. Hardwood and tile flooring, a flat roof, refrigerator, and stove are among the documented improvements. Private parking is also included.
All utilities are separately metered for the two-family configuration, and the property will be delivered vacant. The 1955-built home is located near shopping, restaurants, schools, and public transportation, with access to the N and F subway lines. R5B zoning applies.
All utilities are separately metered for the two-family configuration, and the property will be delivered vacant. The 1955-built home is located near shopping, restaurants, schools, and public transportation, with access to the N and F subway lines. R5B zoning applies.
Key Highlights
- 2,244‑square‑foot 2‑family brick home
- 6 bedrooms and 3 bathrooms
- Approximately 2060 building on a 24100 lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,589
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,571,780
$1.6M
Cap Rate 7%
$1,122,700
$1.1M
Cap Rate 9%
$873,211
$873.2K
Market Conditions
NOI Build-Up for 2,244 SF
Gross rent
$114.4K $51.00/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$112.3K $50.03/SF
− OpEx
−$33.7K −$15.01/SF
NOI
$78.6K $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%
$1,571,780
Cap Rate 7%
$1,122,700
Cap Rate 9%
$873,211
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$982.4K – $1.31M
NOI $78,589 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$978.7K
$856.3K – $1.14M
NOI $68,507 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$1.86M
$1.63M – $2.17M
NOI $130,062 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Who owns this building?
See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,506
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - Separately metered utilities and vacant delivery support flexible occupancy planning.
Where is this duplex located?
The property is located at 220 Avenue T Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: 2,244‑square‑foot 2‑family brick home; 6 bedrooms and 3 bathrooms; Approximately 20*60 building on a 24*100 lot
