Detached Duplex with C2-2
For Sale
$749,000
2214 Coleman St, Brooklyn, NY 11234
Detached two-family property with updated mechanical systems and flexible first-floor use.
Property Size1,776 SF
Days on Market103
Property Features for 2214 Coleman St
General Information
Standard status
Active
Size
1,776 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,162
Building Details
Building Size
1,776 SF
Year Built
1925
Stories
2
Listing Agency:
Bergen Basin Realty
Listed By:
Lee Wasserman
(718) 763-4110
Source:
Elliman
Added: Jul 20
Changed: Oct 28
Last Checked: Oct 28 at 9:43AM
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 Bergen Basin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this detached duplex contains two one-bedroom, one-bath units. The upper residence is described as bright, while the first-floor apartment offers an oversized layout, updated finishes, and an open-concept design. A large unfinished basement provides storage space, and the property includes updated mechanical systems.
The first floor may support commercial or professional use under the C2-2 zoning designation, or remain residential. The property is located at 2214 Coleman St in Brooklyn’s Marine Park section, near Kings Plaza Regional Mall, CVS, banks, medical facilities, shopping, restaurants, houses of worship, schools, and transit hubs. Access to the Belt Parkway is also nearby.
The first floor may support commercial or professional use under the C2-2 zoning designation, or remain residential. The property is located at 2214 Coleman St in Brooklyn’s Marine Park section, near Kings Plaza Regional Mall, CVS, banks, medical facilities, shopping, restaurants, houses of worship, schools, and transit hubs. Access to the Belt Parkway is also nearby.
Key Highlights
- Detached two‑family property built in 1925
- Two one‑bedroom, one‑bath units
- C2‑2 zoning supports commercial or professional first‑floor use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,199
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,243,980
$1.2M
Cap Rate 7%
$888,557
$888.6K
Cap Rate 9%
$691,100
$691.1K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$90.6K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$88.9K $50.03/SF
− OpEx
−$26.7K −$15.01/SF
NOI
$62.2K $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%
$1,243,980
Cap Rate 7%
$888,557
Cap Rate 9%
$691,100
Alternative Uses
Best Use
Multifamily LT 5
$888.6K
$777.5K – $1.04M
NOI $62,199 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$774.6K
$677.7K – $903.7K
NOI $54,219 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.72M
NOI $102,937 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,449
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Detached two-family property with updated mechanical systems and flexible first-floor use.
Where is this duplex located?
The property is located at 2214 Coleman St Brooklyn, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Detached two‑family property built in 1925; Two one‑bedroom, one‑bath units; C2‑2 zoning supports commercial or professional first‑floor use
