Brick Two-Unit
For Sale
$1,080,000
2345 E 26th St, Brooklyn, NY 11229
Each residence has separate utilities, heating equipment, water heaters, and electric and gas meters.
Property Size1,890 SF
Lot Size0.05 Acres
Price / SF$490.91
Days on Market52
Property Features for 2345 E 26th St
General Information
Standard status
Active
Size
1,890 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$8,428
Amenities
Attached Garage
Private Driveway
Separate Utilities
Front and Rear Entrances
Backyard Access
Building Details
Building Size
1,890 SF
Year Built
1950
Buildings
1
Stories
1
Construction
Brick
Listing Agency:
Womcore LLC dba Remax Edge
Listed By:
Kelly Wu · License #10401268467
(718) 612-3088
Source:
Elliman
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 4 at 12:56PM
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.
This brick duplex, built in 1950, contains two separately configured residences on a 22x100 lot with a 22x49 building footprint and approximately 2,200 sq. ft. of interior space. The first-floor unit includes two bedrooms, a living room, kitchen, full bathroom, and front and rear entrances. The second-floor unit provides three bedrooms, a living room, kitchen, full bathroom, and backyard access. An attached garage and private driveway add functional on-site parking and storage.
Each unit has independent heating, water heating, electric metering, and gas metering. The property is located at 2345 E 26th St in Sheepshead Bay, near shopping, restaurants, schools, and public transportation. Access includes the Q and B trains, along with B3, B36, B44, B44-SBS, and BM3 bus service.
Each unit has independent heating, water heating, electric metering, and gas metering. The property is located at 2345 E 26th St in Sheepshead Bay, near shopping, restaurants, schools, and public transportation. Access includes the Q and B trains, along with B3, B36, B44, B44-SBS, and BM3 bus service.
Key Highlights
- Two‑family duplex on a 22x100 lot with a 22x49 building size
- Approximately 2,200 sq. ft. across two separately configured residences
- First‑floor unit has 2 bedrooms; second‑floor unit has 3 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,048
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,960
$1.5M
Cap Rate 7%
$1,100,686
$1.1M
Cap Rate 9%
$856,089
$856.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$112.2K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.1K $50.03/SF
− OpEx
−$33.0K −$15.01/SF
NOI
$77.0K $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%
$1,540,960
Cap Rate 7%
$1,100,686
Cap Rate 9%
$856,089
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.1K – $1.28M
NOI $77,048 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$959.5K
$839.6K – $1.12M
NOI $67,164 @ 7.0% cap · market cap 6.22%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 11.81%
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
4,524
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has separate utilities, heating equipment, water heaters, and electric and gas meters.
Where is this duplex located?
The property is located at 2345 E 26th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two‑family duplex on a 22x100 lot with a 22x49 building size; Approximately 2,200 sq. ft. across two separately configured residences; First‑floor unit has 2 bedrooms; second‑floor unit has 3 bedrooms
