Brooklyn Multi-Family
2358 E 2nd Street, Brooklyn, NY 11223
MULTI_FAMILY - Brooklyn, NY
Property size:
2,880 SFLot size:
0.05 AcresPrice / SF:
$625/SF- Added:
- Apr 22, 2026
- Days on Market:
- 26
- Last Refresh:
- May 17 at 11:06 am
Property Features for 2358 E 2nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R4
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 7, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 4
- Parking features
- Garage - Detached
- Interior features
- Refrigerator, Stove
- Standard status
- Active
- Size
- 2,880 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10585
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood, Tile
- Building materials
- Brick
- Roof type
- Flat
Listing agent Mariam Erkomaishvili (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date Apr 22, 2026
MLS# 500747
Listing URL
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.
HighLights
- Three spacious 3‑bedroom apartments plus a 1‑bedroom unit.
- Delivered vacant if needed, offering flexibility for owner‑occupancy or maximizing rental income.
- Private garage and shared driveway, a valuable amenity in Brooklyn.
- Located in the desirable Gravesend neighborhood, close to amenities and transportation.
- Solid brick construction.
- Potential for customization or expansion.
Overview
Located in a desirable and convenient Brooklyn neighborhood, this well-maintained property at 2358 East 2nd Street offers comfort, space, and potential for both homeowners and investors. The solid brick three-family home is situated in the Gravesend neighborhood and features three spacious three-bedroom apartments on the upper floors, along with a one-bedroom unit on the ground level. One unit is currently vacant, and the remaining apartments are rented on a month-to-month basis. The property includes a shared driveway and a private garage. The property can be delivered vacant, offering flexibility for occupancy or rental maximization. The home features bright and spacious living areas, generously sized bedrooms, and plenty of natural light. The layout is thoughtfully designed, creating a warm and inviting atmosphere suitable for everyday living and entertaining. There is a private outdoor space for relaxing, gardening, or hosting gatherings. The property also offers potential for customization or expansion. Conveniently located near shopping, dining, schools, and public transportation, the property provides easy access to Brooklyn's amenities while maintaining a peaceful residential environment. The lot size is 0.0459 acres and the property size is 2880 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$1.12M
NOI $100,862 @ 9.00% cap · cautious / downside scenario
Moderate
$1.44M
NOI $100,862 @ 7.00% cap · market / base-case scenario
Aggressive
$2.02M
NOI $100,862 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $146.9k | $51.00 |
| − Vacancy | −$2.8k | −$0.97 |
| EGI | $144.1k | $50.03 |
| − OpEx | −$43.2k | −$15.01 |
| NOI | $100.9k | $35.02 |
2,880 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$1.44M
$1.26M – $1.68M
NOI $100,862 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$1.26M
$1.10M – $1.47M
NOI $87,923 @ 7.0% cap · market cap 4.88%
Theoretical Best
Specialty Retail
$2.38M
$2.09M – $2.78M
NOI $166,925 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.968848
- Latitude
- 40.591723
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained Brooklyn multi-family property with investment potential.
Where is this triplex located?
The property is located at 2358 E 2nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Three spacious 3‑bedroom apartments plus a 1‑bedroom unit.; Delivered vacant if needed, offering flexibility for owner‑occupancy or maximizing rental income.; Private garage and shared driveway, a valuable amenity in Brooklyn.
