Waterfront 2-Family
For Sale
$1,320,000
2222 National Drive, Brooklyn, NY 11234
Residential, Brooklyn, NY
Property Size1,197 SF
Lot Size0.07 Acres
Price / SF$1,102
Days on Market489
Property Features for 2222 National Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 2, Bathroom 3
Interior features
A/C Unit
Subdivision
Mill Basin
Standard status
Active
Size
1,197 SF
Lot size
0.07 Acres
Amenities
waterfront access
private terrace
private driveway
backyard
modern open kitchen
Building Details
Flooring type
Hardwood
Building materials
Wood Frame
Listing Agency:
Double Door Realty Inc
(917) 589-1991
Listed By:
Cheryl Samouha
(718) 627-8800
Added: Jun 9, 2025
Changed: Oct 10
Last Checked: Oct 10 at 3:06PM
MLS# 493342
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.
This 2-family duplex at 2222 National Drive includes a 3-bedroom, 2-bath main unit and a second unit with 2 bedrooms and 1 full bathroom. The main residence features an open kitchen renovated in 2017, hardwood flooring, A/C, and a private terrace overlooking the backyard. The property contains 1,197 square feet on a 0.0744-acre lot and is constructed with a wood frame.
Direct waterfront access extends to the property, with the potential to install a private dock. A private driveway serves the second unit, while the two-unit configuration provides separate living areas within the residence.
Direct waterfront access extends to the property, with the potential to install a private dock. A private driveway serves the second unit, while the two-unit configuration provides separate living areas within the residence.
Key Highlights
- Waterfront 2‑family property at 2222 National Drive, Brooklyn, NY 11234
- Main unit offers 3 bedrooms and 2 bathrooms
- Second unit includes 2 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,921
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$838,420
$838.4K
Cap Rate 7%
$598,871
$598.9K
Cap Rate 9%
$465,789
$465.8K
Market Conditions
NOI Build-Up for 1,197 SF
Gross rent
$61.0K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$59.9K $50.03/SF
− OpEx
−$18.0K −$15.01/SF
NOI
$41.9K $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%
$838,420
Cap Rate 7%
$598,871
Cap Rate 9%
$465,789
Alternative Uses
Best Use
Multifamily LT 5
$598.9K
$524.0K – $698.7K
NOI $41,921 @ 7.0% cap · market cap 3.18%
Second Best
Apartment 5plus
$522.0K
$456.8K – $609.1K
NOI $36,543 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$991.1K
$867.2K – $1.16M
NOI $69,378 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,084
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-unit residence with direct waterfront access, private driveway, terrace, and flexible living arrangements.
Where is this duplex located?
The property is located at 2222 National Drive Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,320,000.
What are key features of this property?
This property features: Waterfront 2‑family property at 2222 National Drive, Brooklyn, NY 11234; Main unit offers 3 bedrooms and 2 bathrooms; Second unit includes 2 bedrooms and 1 full bathroom
