Renovated Two-Family Home in
226 61st St Brooklyn, NY 11220
226 61st St, Brooklyn, NY, 11220
$1,425,000
For Sale
$1,425,000
Turnkey, vacant, renovated two-family home in prime Sunset Park location.
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$475
Days on Market113
Property Features for 226 61st St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.05 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1899
Listing agency
Parkview Terrace Realty
(718) 972-0700
Listed by
Michael Sorensen
(718) 972-0700
Source
Elliman
Added: Mar 31 Updated: Jul 6 at 12:00PM Checked: Jul 21 at 8:50AM
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 Parkview Terrace Realty
Investment Insights
Based on property information with market context.
Located in Sunset Park, Brooklyn, 226 61st Street is a renovated two-family brick house. The building, with dimensions of 20' x 52', is situated on a 20' x 100' lot. The property features approximately 3,000 square feet of living space, distributed across two full-floor apartments and a finished basement. The building will be delivered vacant. Each unit includes modern finishes, hardwood flooring, high ceilings, and layouts with sunlight exposure. The kitchens are equipped with cabinetry, stainless steel appliances, and countertops. The bathrooms have updated fixtures and contemporary tilework. Each unit also features large walk-in closets. The property is near the 59th Street subway station, providing access to the N and R lines, as well as the NYC Ferry at the Brooklyn Army Terminal. Access to the Belt Parkway and Gowanus Expressway (I-278) is also nearby. The property is located near NYU Langone Hospital–Brooklyn and the Bay Ridge neighborhood, with access to Industry City.
Key Highlights
- Delivered Vacant: Immediate flexibility to move in, rent out, or reconfigure.
- Prime Sunset Park Location: Convenient block, close to subway (N/R lines), NYC Ferry, Belt Parkway, and Gowanus Expressway.
- Fully Renovated & Turnkey: Move‑in ready with modern finishes, new kitchens, and updated bathrooms.
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 | $133.2k | $44.40 |
| − Vacancy | −$5.6k | −$1.86 |
| EGI | $127.6k | $42.54 |
| − OpEx | −$38.3k | −$12.76 |
| NOI | $89.3k | $29.77 |
3,000 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.49M
NOI $89,324 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.14M
$1.00M – $1.33M
NOI $80,000 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$1.94M
$1.70M – $2.27M
NOI $136,138 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey, vacant, renovated two-family home in prime Sunset Park location.
Where is this duplex located?
The property is located at 226 61st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: Delivered Vacant: Immediate flexibility to move in, rent out, or reconfigure.; Prime Sunset Park Location: Convenient block, close to subway (N/R lines), NYC Ferry, Belt Parkway, and Gowanus Expressway.; Fully Renovated & Turnkey: Move‑in ready with modern finishes, new kitchens, and updated bathrooms.
