Renovated 2-Unit
2391 E 4th Street, Brooklyn, NY 11223
For Sale
New
$2,400,000
Residential, Brooklyn, NY
Property Size2,480 SF
Lot Size0.05 Acres
Price / SF$967.74
Days on Market3
Property Features for 2391 E 4th Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
in-unit washer/dryer
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Century 21 MK Realty
Listed By:
Melanie M. Kishk
(718) 627-7390
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 506023
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.
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Investment Insights
Based on property information with market context.
At 2391 E 4th Street in Brooklyn, this 2,480-square-foot brick duplex contains two renovated residences. The first-floor unit has three bedrooms, one full bathroom, living and dining areas, and an updated kitchen. Upstairs, the second unit offers two bedrooms, one full bathroom, living and dining areas, and a renovated kitchen. Each residence has its own washer and dryer. The property was built in 1945 and is zoned R4.
A finished basement provides recreation space, an office area, and two bathrooms; its use is subject to applicable NYC regulations and approved building records. A private rear garage is reached by a shared driveway. The lot measures approximately 20 by 100 feet, with a building footprint of about 20 by 62 feet.
A finished basement provides recreation space, an office area, and two bathrooms; its use is subject to applicable NYC regulations and approved building records. A private rear garage is reached by a shared driveway. The lot measures approximately 20 by 100 feet, with a building footprint of about 20 by 62 feet.
Key Highlights
- Two renovated residences in a 2,480‑square‑foot brick building
- First‑floor unit: 3 bedrooms and 1 full bathroom; second‑floor unit: 2 bedrooms and 1 full bathroom
- Separate washer and dryer in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,854
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,737,080
$1.7M
Cap Rate 7%
$1,240,771
$1.2M
Cap Rate 9%
$965,044
$965.0K
Market Conditions
NOI Build-Up for 2,480 SF
Gross rent
$126.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$124.1K $50.03/SF
− OpEx
−$37.2K −$15.01/SF
NOI
$86.9K $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%
$1,737,080
Cap Rate 7%
$1,240,771
Cap Rate 9%
$965,044
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,854 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$1.08M
$946.4K – $1.26M
NOI $75,712 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 5.99%
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
3,902
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate laundry serves both residences, and finished lower-level space includes recreation and office areas.
Where is this duplex located?
The property is located at 2391 E 4th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Two renovated residences in a 2,480‑square‑foot brick building; First‑floor unit: 3 bedrooms and 1 full bathroom; second‑floor unit: 2 bedrooms and 1 full bathroom; Separate washer and dryer in each unit
