Duplex Townhouse with Historic
For Sale
$1,700,000
222 Patchen Ave., Brooklyn, NY 11233
Residential Income, Brooklyn, NY
Property Size2,568 SF
Lot Size0.04 Acres
Price / SF$661.99
Days on Market81
Property Features for 222 Patchen Ave.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3
Patio and Porch features
Patio
Interior features
Walk-In Closet(s), Entrance Foyer
Fencing
Fenced
Subdivision
Bedford-Stuyvesant
High school district
16
Standard status
Active
Size
2,568 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
4558
Utilities
Heating system
Oil, Steam
Water source
Public
Amenities
two-tiered outdoor space
Building Details
Year built
1899
Floors in Building
2
Flooring type
Hardwood, Tile
Architectural style
Other
Buildings
1
Listing Agency:
FLATEAU REALTY CORP
(718) 953-2732
Listed By:
Gloria Sandiford
Added: Aug 8
Changed: Oct 27
Last Checked: Oct 27 at 6:06AM
MLS# 11926684
Copyright © 2026 My State MLS. 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.
Built in 1899, this 2,568-square-foot duplex townhouse retains its red-brick exterior, brownstone accents, original cornice, iron railings, oak floors, and period moldings. The parlor level has three bedrooms, while the upper floor includes two bedrooms, a living and dining area, a kitchen, a full bath, and a walk-in closet. The garden level has a living room, dining area, kitchen, and full bath, with direct access to a two-tiered patio. A full unfinished cellar provides additional space. The property is offered vacant and in as-is condition.
Located in Bedford-Stuyvesant, the property is near restaurants, shops, food gardens, tennis courts, Citi Bike stations, and public transportation. A restored 1880 brick building that houses Uncommon Schools Excellence Charter School stands across the street.
Located in Bedford-Stuyvesant, the property is near restaurants, shops, food gardens, tennis courts, Citi Bike stations, and public transportation. A restored 1880 brick building that houses Uncommon Schools Excellence Charter School stands across the street.
Key Highlights
- Two‑family townhouse built in 1899, with 2,568 square feet of interior space
- Five bedrooms across the parlor and third‑floor levels
- Garden level includes living and dining areas, kitchen, and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,936
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,720
$1.8M
Cap Rate 7%
$1,284,800
$1.3M
Cap Rate 9%
$999,289
$999.3K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$131.0K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$128.5K $50.03/SF
− OpEx
−$38.5K −$15.01/SF
NOI
$89.9K $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%
$1,798,720
Cap Rate 7%
$1,284,800
Cap Rate 9%
$999,289
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,936 @ 7.0% cap · market cap 5.29%
Second Best
Apartment 5plus
$1.12M
$980.0K – $1.31M
NOI $78,398 @ 7.0% cap · market cap 4.61%
Theoretical Best
Specialty Retail
$2.13M
$1.86M – $2.48M
NOI $148,841 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,672
Businesses Nearby
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Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
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 - The two-family residence includes five bedrooms, preserved period finishes, a full cellar, and a fenced outdoor patio.
Where is this duplex located?
The property is located at 222 Patchen Ave. Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑family townhouse built in 1899, with 2,568 square feet of interior space; Five bedrooms across the parlor and third‑floor levels; Garden level includes living and dining areas, kitchen, and full bathroom
