Vacant Two-Family
For Sale
$1,150,000
Pending
2339 E 13th St, Brooklyn, NY 11229
Three-bedroom layouts, a finished basement, attic space, and 5.5 bathrooms support flexible occupancy.
Property Size2,116 SF
Lot Size0.05 Acres
Days on Market11
Property Features for 2339 E 13th St
General Information
Standard status
Pending
Size
2,116 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,259
Building Details
Building Size
2,116 SF
Year Built
1920
Buildings
1
Stories
3
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Michelle J. Zhang · License #MZ4172
(718) 612-3088
Source:
Elliman
Added: Sep 15
Changed: Sep 23
Last Checked: Sep 24 at 2:01PM
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
Investment Insights
Based on property information with market context.
This legal two-family property is delivered completely vacant and includes three bedrooms on each of the first and second floors. The approximately 16 x 61 building sits on a 20 x 100 lot and also offers attic space, a finished basement, high ceilings, multiple front and rear entrances, and 5.5 bathrooms. The configuration provides separate access and substantial space for two households.
Located at 2339 E 13th St in Brooklyn, the property is approximately one block from the Neck Road Q train. Neighborhood shopping, restaurants, schools, transportation, and everyday services are nearby. WalkScore is 94, TransitScore is 78, and BikeScore is 69. Built in 1920, the property can accommodate an owner-occupant seeking a residence with a second legal unit.
Located at 2339 E 13th St in Brooklyn, the property is approximately one block from the Neck Road Q train. Neighborhood shopping, restaurants, schools, transportation, and everyday services are nearby. WalkScore is 94, TransitScore is 78, and BikeScore is 69. Built in 1920, the property can accommodate an owner-occupant seeking a residence with a second legal unit.
Key Highlights
- Legal two‑family property delivered completely vacant
- 20 x 100 lot with an approximately 16 x 61 building
- Three bedrooms on both the first and second floors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,106
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,482,120
$1.5M
Cap Rate 7%
$1,058,657
$1.1M
Cap Rate 9%
$823,400
$823.4K
Market Conditions
NOI Build-Up for 2,116 SF
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.
Gross rent
$107.9K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$105.9K $50.03/SF
− OpEx
−$31.8K −$15.01/SF
NOI
$74.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,482,120
Cap Rate 7%
$1,058,657
Cap Rate 9%
$823,400
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$926.3K – $1.24M
NOI $74,106 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$922.8K
$807.5K – $1.08M
NOI $64,599 @ 7.0% cap · market cap 5.62%
Theoretical Best
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,643 @ 7.0% cap · market cap 10.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,218
Businesses Nearby
Explore this area
Business Placement
Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Three-bedroom layouts, a finished basement, attic space, and 5.5 bathrooms support flexible occupancy.
Where is this duplex located?
The property is located at 2339 E 13th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal two‑family property delivered completely vacant; 20 x 100 lot with an approximately 16 x 61 building; Three bedrooms on both the first and second floors
