Detached Brick
For Sale
$1,599,000
2355 Stuart Street, Brooklyn, NY 11229
MULTI_FAMILY - Brooklyn, NY
Property Size1,320 SF
Lot Size0.09 Acres
Price / SF$1,211
Days on Market220
Property Features for 2355 Stuart Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
5
Full bathrooms
3
Half bathrooms
2
Rooms
Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1, Bathroom 5
Parking features
Garage
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, Porch, Stove, Terrace
Basement
Finished
Subdivision
Marine Park
Standard status
Active
Size
1,320 SF
Lot size
0.09 Acres
Amenities
private driveway
patios
recreation room
back and side yard
Building Details
Number of units
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Listing Agency:
Brisman Realty
(718) 677-0988
Listed By:
Elky Brisman
(718) 677-0988
Added: Jan 15
Changed: Aug 3
Last Checked: Aug 23 at 12:06AM
MLS# 498393
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.
Detached, three-story brick duplex on a 40x100 lot, built with a quiet residential setting in mind. The home includes split-level arrangements where stairs lead up to bedrooms, with three distinct apartment levels plus a basement featuring a large recreation room. The first floor offers two bedrooms, a living room, kitchen, and bath. The second floor offers four bedrooms, a living room/dining room, kitchen, and two baths. The third floor offers three bedrooms, a living room/dining room, kitchen, and two baths. Interior finishes include ceramic and hardwood flooring, and practical in-unit and common areas feature an A/C wall unit, porch, stove, and terrace.
The property includes a private driveway, two patios, and a spacious back and side yard. Updates include a brand-new roof and brick pointing. Garage parking is available.
The seller notes the home may be a fit for a 1031 exchange. Nearby, Marine Park is minutes away, and the Salt Marsh Nature Center and Nature Trail are around the corner.
The property includes a private driveway, two patios, and a spacious back and side yard. Updates include a brand-new roof and brick pointing. Garage parking is available.
The seller notes the home may be a fit for a 1031 exchange. Nearby, Marine Park is minutes away, and the Salt Marsh Nature Center and Nature Trail are around the corner.
Key Highlights
- Three‑story detached brick duplex on a 40x100 lot
- Split‑level apartments with 2-, 4-, and 3‑bedroom layouts
- Brand‑new roof and brick pointing
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
$46,229
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
2.89%
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%
$924,580
$924.6K
Cap Rate 7%
$660,414
$660.4K
Cap Rate 9%
$513,656
$513.7K
Market Conditions
NOI Build-Up for 1,320 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
$67.3K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$66.0K $50.03/SF
− OpEx
−$19.8K −$15.01/SF
NOI
$46.2K $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%
$924,580
Cap Rate 7%
$660,414
Cap Rate 9%
$513,656
Alternative Uses
Best Use
Multifamily LT 5
$660.4K
$577.9K – $770.5K
NOI $46,229 @ 7.0% cap · market cap 2.89%
Second Best
Apartment 5plus
$575.7K
$503.7K – $671.6K
NOI $40,298 @ 7.0% cap · market cap 2.52%
Theoretical Best
Specialty Retail
$1.09M
$956.3K – $1.28M
NOI $76,507 @ 7.0% cap · market cap 4.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,443
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Detached brick duplex with split-level layouts, multiple patios, and a private driveway plus garage parking.
Where is this duplex located?
The property is located at 2355 Stuart Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Three‑story detached brick duplex on a 40x100 lot; Split‑level apartments with 2-, 4-, and 3‑bedroom layouts; Brand‑new roof and brick pointing
