Brick Two-Family Home with Private
For Sale
$1,550,000
Pending
2303 62nd St, Brooklyn, NY 11204
Three above-ground floors offer flexible residential layouts with dedicated vehicle storage and separate apartment configurations.
Property Size2,680 SF
Days on Market52
Property Features for 2303 62nd St
General Information
Standard status
Pending
Size
2,680 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
3
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$9,936
Building Details
Building Size
2,680 SF
Year Built
1930
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Ping Chen · License #PC7262
(718) 612-3088
Source:
Elliman
Added: Sep 9
Changed: Oct 29
Last Checked: Oct 28 at 9:05AM
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 Womcore LLC dba Remax Edge
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Investment Insights
Based on property information with market context.
Located at 2303 62nd St in Brooklyn, this solid-brick duplex contains two residential apartments across three above-ground floors, along with a walk-in level. The first floor includes one bedroom, one bathroom, a laundry room, and a boiler room. A two-bedroom apartment occupies the second floor, while the third-floor apartment has three bedrooms and one full bathroom. On-site parking is provided through a private carport and an integrated front garage.
The property underwent a gut renovation approximately 14 years ago, including plumbing and electrical upgrades. The roof received a new coating last year. Bay Parkway, Seth Low Park, the public library, Bay Parkway N train station, B4 and B6 bus service, supermarkets, restaurants, and banks are nearby. WalkScore is 96, TransitScore is 86, and BikeScore is 67.
The property underwent a gut renovation approximately 14 years ago, including plumbing and electrical upgrades. The roof received a new coating last year. Bay Parkway, Seth Low Park, the public library, Bay Parkway N train station, B4 and B6 bus service, supermarkets, restaurants, and banks are nearby. WalkScore is 96, TransitScore is 86, and BikeScore is 67.
Key Highlights
- Solid‑brick two‑family home with three above‑ground floors
- First floor includes 1 bedroom, 1 bath, laundry room, and boiler room
- Second‑floor apartment has 2 bedrooms and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,858
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,877,160
$1.9M
Cap Rate 7%
$1,340,829
$1.3M
Cap Rate 9%
$1,042,867
$1.0M
Market Conditions
NOI Build-Up for 2,680 SF
Gross rent
$136.7K $51.00/SF
− Vacancy
−$2.6K −$0.97/SF
EGI
$134.1K $50.03/SF
− OpEx
−$40.2K −$15.01/SF
NOI
$93.9K $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%
$1,877,160
Cap Rate 7%
$1,340,829
Cap Rate 9%
$1,042,867
Alternative Uses
Best Use
Multifamily LT 5
$1.34M
$1.17M – $1.56M
NOI $93,858 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$1.17M
$1.02M – $1.36M
NOI $81,818 @ 7.0% cap · market cap 5.28%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.59M
NOI $155,333 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,511
Businesses Nearby
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Business Placement
Demographics for 11204, NY
85,885
Population
27,498
Households
3.1
Avg Household Size
34
Median Age
30%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
53,678
Density / Sq Mi
$67,588
Median Household Income
$33,461
Median Earnings
$1,751
Median Rent
$1,097,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Three above-ground floors offer flexible residential layouts with dedicated vehicle storage and separate apartment configurations.
Where is this duplex located?
The property is located at 2303 62nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Solid‑brick two‑family home with three above‑ground floors; First floor includes 1 bedroom, 1 bath, laundry room, and boiler room; Second‑floor apartment has 2 bedrooms and a full bath
