Renovated Victorian
New
For Sale
$1,825,000
235 Arlington Ave, Brooklyn, NY 11207
Legal two-family layout includes a four-bedroom upper residence, two-bedroom lower home, finished basement, and detached garage studio.
Property Size3,600 SF
Days on Market2
Property Features for 235 Arlington Ave
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$9,576
Building Details
Building Size
3,600 SF
Year Built
1931
Stories
2
Units
1
Listing Agency:
Compass
Listed By:
Claudette Rolling · License #1030122621
(908) 659-8285
Source:
Elliman
Added: Sep 15
Last Checked: Sep 15 at 2:30PM
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 Compass
Investment Insights
Based on property information with market context.
Built in 1931, this renovated Victorian two-family property combines a four-bedroom, three-bath upper duplex with a separate two-bedroom, two-bath first-floor residence. Interior details include wide-plank white oak flooring, original moldings, bay windows, two fireplaces, zoned mini-splits, designer kitchens with professional gas ranges, and spa-style baths. The lower home also includes laundry hookups and direct access to private outdoor space.
The property occupies a corner lot at 235 Arlington Ave in Cypress Hills, with a deep private yard, wrap-around balcony, detached two-car garage, and finished studio above the garage. A finished basement provides additional high-ceilinged space. Highland Park is blocks away, while the J and Z trains at Cleveland Street, Jackie Robinson Parkway, Belt Parkway, and JFK are minutes from the property. Walk Score is 87, Transit Score is 88, and Bike Score is 56.
The property occupies a corner lot at 235 Arlington Ave in Cypress Hills, with a deep private yard, wrap-around balcony, detached two-car garage, and finished studio above the garage. A finished basement provides additional high-ceilinged space. Highland Park is blocks away, while the J and Z trains at Cleveland Street, Jackie Robinson Parkway, Belt Parkway, and JFK are minutes from the property. Walk Score is 87, Transit Score is 88, and Bike Score is 56.
Key Highlights
- Legal two‑family property with a four‑bedroom, three‑bath upper duplex and two‑bedroom, two‑bath lower residence
- Detached two‑car garage with finished upper studio
- Finished basement with high ceilings
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
$126,078
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
6.91%
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%
$2,521,560
$2.5M
Cap Rate 7%
$1,801,114
$1.8M
Cap Rate 9%
$1,400,867
$1.4M
Market Conditions
NOI Build-Up for 3,600 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
$183.6K $51.00/SF
− Vacancy
−$3.5K −$0.97/SF
EGI
$180.1K $50.03/SF
− OpEx
−$54.0K −$15.01/SF
NOI
$126.1K $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%
$2,521,560
Cap Rate 7%
$1,801,114
Cap Rate 9%
$1,400,867
Alternative Uses
Best Use
Multifamily LT 5
$1.80M
$1.58M – $2.10M
NOI $126,078 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,904 @ 7.0% cap · market cap 6.02%
Theoretical Best
Specialty Retail
$2.98M
$2.61M – $3.48M
NOI $208,656 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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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 - Legal two-family layout includes a four-bedroom upper residence, two-bedroom lower home, finished basement, and detached garage studio.
Where is this duplex located?
The property is located at 235 Arlington Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,825,000.
What are key features of this property?
This property features: Legal two‑family property with a four‑bedroom, three‑bath upper duplex and two‑bedroom, two‑bath lower residence; Detached two‑car garage with finished upper studio; Finished basement with high ceilings
