Two-Family Residential Income
For Sale
$649,000
Pending
239 Buffalo Ave, Brooklyn, NY 11213
Two-family property with low taxes and strong walk, bike, and transit scores in Brooklyn’s Crown Heights area.
Property Size1,228 SF
Days on Market142
Property Features for 239 Buffalo Ave
General Information
Standard status
Pending
Size
1,228 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$1,884
Building Details
Building Size
1,228 SF
Year Built
1910
Stories
2
Units
2
Listing Agency:
Compass
Listed By:
Asantewa Patterson
(718) 483-0299
Source:
Elliman
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 28 at 10:12AM
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
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Investment Insights
Based on property information with market context.
This offering is a two-family residential property at 239 Buffalo Ave. The seller’s remarks indicate an opportunity to work with an architect or contractor to renovate the home or plan new construction, subject to applicable approvals. The property is presented as a residential income asset, with showing arrangements available by open house and private appointment.
The location is described as convenient to everyday needs, with restaurants, cafes, and shopping nearby. Transit access is highlighted by the 4 train at Utica Avenue and the C train at Ralph Avenue. The reported walkScore is 88 (very walkable), bikeScore is 74 (very bikeable), and transitScore is 98 (rider’s paradise). The remarks also note low taxes.
For buyers, this property may appeal as a hands-on residential income option or as a redevelopment-minded site where a contractor or architect can assess the property for future plans. Prospective tenants and owner-occupants may find value in the walkability and transit access for day-to-day commuting and local errands, supported by the cited neighborhood scores and nearby transit lines.
The location is described as convenient to everyday needs, with restaurants, cafes, and shopping nearby. Transit access is highlighted by the 4 train at Utica Avenue and the C train at Ralph Avenue. The reported walkScore is 88 (very walkable), bikeScore is 74 (very bikeable), and transitScore is 98 (rider’s paradise). The remarks also note low taxes.
For buyers, this property may appeal as a hands-on residential income option or as a redevelopment-minded site where a contractor or architect can assess the property for future plans. Prospective tenants and owner-occupants may find value in the walkability and transit access for day-to-day commuting and local errands, supported by the cited neighborhood scores and nearby transit lines.
Key Highlights
- Two‑family property at 239 Buffalo Avenue built in 1910
- Low taxes
- BikeScore 74 (very bikeable)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,007
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$860,140
$860.1K
Cap Rate 7%
$614,386
$614.4K
Cap Rate 9%
$477,856
$477.9K
Market Conditions
NOI Build-Up for 1,228 SF
Gross rent
$62.6K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$61.4K $50.03/SF
− OpEx
−$18.4K −$15.01/SF
NOI
$43.0K $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%
$860,140
Cap Rate 7%
$614,386
Cap Rate 9%
$477,856
Alternative Uses
Best Use
Multifamily LT 5
$614.4K
$537.6K – $716.8K
NOI $43,007 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$535.6K
$468.6K – $624.8K
NOI $37,490 @ 7.0% cap · market cap 5.78%
Theoretical Best
Specialty Retail
$1.02M
$889.7K – $1.19M
NOI $71,175 @ 7.0% cap · market cap 10.97%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,726
Businesses Nearby
Explore this area
Business Placement
Demographics for 11213, NY
67,217
Population
29,186
Households
2.3
Avg Household Size
34
Median Age
34%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
61,106
Density / Sq Mi
$62,040
Median Household Income
$43,736
Median Earnings
$1,607
Median Rent
$1,184,400
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 - Two-family property with low taxes and strong walk, bike, and transit scores in Brooklyn’s Crown Heights area.
Where is this duplex located?
The property is located at 239 Buffalo Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two‑family property at 239 Buffalo Avenue built in 1910; Low taxes; BikeScore 74 (very bikeable)
