Two-Family Residential Income
224 Etna Street Brooklyn, NY 11208
224 Etna Street, Brooklyn, NY, 11208
$1,199,999
For Sale
$1,199,999
Well-maintained two-unit home with a fully finished basement and an extra-large backyard for additional indoor-outdoor living.
Property Size2,120 SF
Price / SF$566.04
Days on Market14
Property Features for 224 Etna Street
General Information
- Standard status
- Active
- Size
- 2,120 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1901
Listing agency
Concrete Jungle NYC Realty
(347) 242-0937
Listed by
Thalwa Astasyous
(347) 242-0937
Source
Compass
Added: Jul 10 Updated: Jul 22 at 1:41AM Checked: Jul 22 at 9:26AM
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 Concrete Jungle NYC Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family residence offers two separate apartments, providing flexible living arrangements and rental income potential. The property also includes a fully finished basement, offering additional usable space that can be adapted to a variety of needs.
Set at 224 Etna Street in Brooklyn (Cypress Hills area), the home’s standout outdoor feature is an extra-large backyard. This oversized yard supports a range of uses, from everyday outdoor living to hosting and entertainment.
With its two-apartment layout and expanded finished basement space, the property is positioned to serve both owner-occupants and investors seeking a residential income home with indoor and outdoor flexibility.
Set at 224 Etna Street in Brooklyn (Cypress Hills area), the home’s standout outdoor feature is an extra-large backyard. This oversized yard supports a range of uses, from everyday outdoor living to hosting and entertainment.
With its two-apartment layout and expanded finished basement space, the property is positioned to serve both owner-occupants and investors seeking a residential income home with indoor and outdoor flexibility.
Key Highlights
- Well‑maintained 2‑family home with two separate apartments for flexible living and rental income potential
- Fully finished full basement with additional usable space for recreation, home office, gym, entertainment, or extended living
- Extra‑large backyard, providing outdoor space for entertaining, gardening, and everyday enjoyment
Local 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 | $81.4k | $38.40 |
| − Vacancy | −$3.7k | −$1.73 |
| EGI | $77.7k | $36.67 |
| − OpEx | −$23.3k | −$11.00 |
| NOI | $54.4k | $25.67 |
2,120 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$777.4K
$680.3K – $907.0K
NOI $54,421 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,802 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit home with a fully finished basement and an extra-large backyard for additional indoor-outdoor living.
Where is this duplex located?
The property is located at 224 Etna Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,199,999.
What are key features of this property?
This property features: Well‑maintained 2‑family home with two separate apartments for flexible living and rental income potential; Fully finished full basement with additional usable space for recreation, home office, gym, entertainment, or extended living; Extra‑large backyard, providing outdoor space for entertaining, gardening, and everyday enjoyment
