Sheepshead Bay Detached Corner
2302 E 23rd Street Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
Property size:
2,220 SFLot size:
0.07 AcresPrice / SF:
$675/SF- Added:
- May 25, 2026
- Days on Market:
- 47
- Last Refresh:
- Jul 10 at 8:06 am
Property Features for 2302 E 23rd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bedroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 3
- Patio and Porch features
- Porch
- Interior features
- A/C Unit, Porch, Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 2,220 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 9618
Building Details
- Number of units
- 3
- Flooring type
- Tile, Carpet, Hardwood
Listing agent Stephanie Dong Chin (718) 872-6300
Listing office New World Realty Group LLC 2074 E 14th St, Brooklyn, NY (718) 872-6300
Listing date May 25, 2026
MLS# 501734
Listing URL
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 is a rare opportunity to own a fully detached corner property in the heart of Sheepshead Bay, Brooklyn. This three-family home offers great potential on an oversized 30x100 lot. The first floor features a spacious three-bedroom apartment with a formal living room and high ceilings, creating an open and comfortable living environment. The second floor offers a bright two-bedroom apartment with a formal living room, an office/family room, an enclosed porch, and abundant closet space, adding both functionality and flexibility. The lower level includes a large one-bedroom setup with two separate entrances, providing additional space or rental income potential. The property is situated on a 0.0689-acre lot. Additional highlights include a double private driveway with parking for multiple vehicles or RVs, as well as a huge private backyard perfect for entertaining, gardening, relaxing, or creating your own outdoor oasis. The backyard serves as a natural extension of the home's living area. The property is conveniently located near shopping, schools, dining, and waterfront attractions. Transportation is easily accessible via Subway B/Q Train, as well as the B3, B49, and BM3 bus lines. This property is a solid investment opportunity or perfect for end-users seeking additional rental income in a highly desirable neighborhood, offering both lifestyle convenience and strong investment potential. The property size is 2,220 square feet and is zoned R4.
Key Highlights
- Fully detached corner 3‑family home on an oversized 30x100 lot in Sheepshead Bay
- Double private driveway with parking for multiple vehicles or RVs
- Huge private backyard with porch for outdoor living
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 | $113.2k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $111.1k | $50.03 |
| − OpEx | −$33.3k | −$15.01 |
| NOI | $77.7k | $35.02 |
2,220 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.11M
$971.9K – $1.30M
NOI $77,748 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$968.2K
$847.2K – $1.13M
NOI $67,774 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.14M
NOI $128,671 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-family home with oversized lot in Sheepshead Bay, Brooklyn.
Where is this triplex located?
The property is located at 2302 E 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Fully detached corner 3‑family home on an oversized 30x100 lot in Sheepshead Bay; Double private driveway with parking for multiple vehicles or RVs; Huge private backyard with porch for outdoor living
