Renovated Duplex with
226 Ave Z, Brooklyn, NY 11214
For Sale
New
$2,300,000
Seven bedrooms, a finished basement, and split-system heating and cooling provide flexible residential space.
Property Size3,426 SF
Price / SF$671.34
Days on Market3
Property Features for 226 Ave Z
General Information
Standard status
Size
Property subtype
Additional Details
Public Transit
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
split-system heating and cooling
fully finished basement
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Corcoran Group
Listed By:
Soranlly Adames-Lopez
(718) 577-7299
Source:
Carlinwright
Added: Nov 7
Changed: Nov 8
Last Checked: Nov 8 at 4:49PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This two-family duplex contains 3,426 square feet, with 7 bedrooms, 4 bathrooms, and a fully finished basement. Renovations were completed within the past decade. Split-system heating and cooling serves both units. Parking includes a private one-car garage and rear space for approximately 4–5 additional vehicles. Architectural plans have been prepared to explore a change to three-family use; any conversion remains subject to zoning requirements and city approvals.
The property is in Gravesend, Brooklyn, near neighborhood shopping, restaurants, and daily services. The D train at Bay 50th Street and Coney Island’s beaches, boardwalk, and entertainment destinations are also within easy reach.
The property is in Gravesend, Brooklyn, near neighborhood shopping, restaurants, and daily services. The D train at Bay 50th Street and Coney Island’s beaches, boardwalk, and entertainment destinations are also within easy reach.
Key Highlights
- Two‑family property with 7 bedrooms and 4 bathrooms
- 3,426 square feet with a fully finished basement
- Private one‑car garage plus rear parking for approximately 4–5 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,443
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,868,860
$1.9M
Cap Rate 7%
$1,334,900
$1.3M
Cap Rate 9%
$1,038,256
$1.0M
Market Conditions
NOI Build-Up for 3,426 SF
Gross rent
$139.8K $40.80/SF
− Vacancy
−$6.3K −$1.84/SF
EGI
$133.5K $38.96/SF
− OpEx
−$40.0K −$11.69/SF
NOI
$93.4K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,868,860
Cap Rate 7%
$1,334,900
Cap Rate 9%
$1,038,256
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.17M – $1.56M
NOI $93,443 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,747 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,899 @ 7.0% cap · market cap 6.08%
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
2,130
Businesses Nearby
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Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Seven bedrooms, a finished basement, and split-system heating and cooling provide flexible residential space.
Where is this duplex located?
The property is located at 226 Ave Z Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two‑family property with 7 bedrooms and 4 bathrooms; 3,426 square feet with a fully finished basement; Private one‑car garage plus rear parking for approximately 4–5 vehicles
