Corner Two-Family
2202 Burnett Street Brooklyn, NY 11229
For Sale
$1,099,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,400 SF
Lot Size0.04 Acres
Price / SF$457.92
Days on Market235
Property Features for 2202 Burnett Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Parking features
- Garage
- Interior features
- A/C Unit - Wall, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Terrace, Washer
- Basement
- Full
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6080
Building Details
- Year built
- 1955
- Floors in Building
- 3
- Flooring type
- Tile, Hardwood
- Building materials
- Brick
- Roof type
- Flat
Listing Agency:
RE/MAX Edge
(718) 612-3088
Listed By:
Jason Zhou · License #10301217017
(718) 612-3088
Added: Dec 4, 2025
Changed: Jul 18
Last Checked: Jul 26 at 11:06PM
MLS# 497711
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.
Investment Insights
Based on property information with market context.
Corner two-family building with three stories above ground over a full basement, offering two private driveways and parking for up to three cars. The property includes a large 2-bedroom apartment on the first floor over the full basement. Above, the second and third floors function as a duplex with a total of four bedrooms, including a full bathroom on the third floor, with a large second-floor living room, formal dining room, eat-in kitchen, and a half bathroom. An oversized garage-top front terrace provides additional outdoor space.
The building measures approximately 20 by 40 feet and sits on a 20 by 80-foot lot. It is located on Burnett Street in Brooklyn, directly across from Marine Park. The property is zoned R4.
For buyers seeking a multi-unit residential income asset, this configuration provides two distinct living areas: a first-floor unit with basement space below and a combined four-bedroom duplex above. The presence of multiple driveways and a garage-top terrace can support day-to-day livability for owner-occupants or tenants.
The building measures approximately 20 by 40 feet and sits on a 20 by 80-foot lot. It is located on Burnett Street in Brooklyn, directly across from Marine Park. The property is zoned R4.
For buyers seeking a multi-unit residential income asset, this configuration provides two distinct living areas: a first-floor unit with basement space below and a combined four-bedroom duplex above. The presence of multiple driveways and a garage-top terrace can support day-to-day livability for owner-occupants or tenants.
Key Highlights
- Corner 2‑family brick building with 3 stories above ground over a full basement
- Two private driveways and parking for up to 3 cars
- Building includes a 4‑bedroom duplex on the 2nd–3rd floors plus a full bathroom on the 3rd floor
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 | $122.4k | $51.00 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $120.1k | $50.03 |
| − OpEx | −$36.0k | −$15.01 |
| NOI | $84.1k | $35.02 |
2,400 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 12.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate residences in a three-story-over-basement layout with private driveways and onsite parking for up to three cars.
Where is this duplex located?
The property is located at 2202 Burnett Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Corner 2‑family brick building with 3 stories above ground over a full basement; Two private driveways and parking for up to 3 cars; Building includes a 4‑bedroom duplex on the 2nd–3rd floors plus a full bathroom on the 3rd floor
