Semi-Detached Two-Family
For Sale
$2,390,000
2398 E 21st St, Brooklyn, NY 11229
Well-maintained two-family semi-detached property with two 3-bedroom units, a finished basement, and off-street parking.
Property Size2,786 SF
Days on Market94
Property Features for 2398 E 21st St
General Information
Standard status
Active
Size
2,786 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$10,323
Building Details
Building Size
2,786 SF
Year Built
1935
Stories
2
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Source:
Elliman
Added: Jul 11
Changed: Sep 26
Last Checked: Oct 11 at 8:44AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This well-maintained semi-detached two-family home offers two separate units, each featuring 3 bedrooms and 2 full bathrooms. The property includes a full finished basement, providing additional usable space for recreation, storage, or other flexible needs. A private driveway provides parking for two vehicles.
Set on a 31×105 lot with a 21×64 building footprint, the home is located in Sheepshead Bay near shopping, supermarkets, restaurants, schools, parks, public transportation, and major roadways.
With six bedrooms and four full bathrooms total across both units, the layout supports straightforward owner-occupant or rental-income use.
Set on a 31×105 lot with a 21×64 building footprint, the home is located in Sheepshead Bay near shopping, supermarkets, restaurants, schools, parks, public transportation, and major roadways.
With six bedrooms and four full bathrooms total across both units, the layout supports straightforward owner-occupant or rental-income use.
Key Highlights
- Well‑maintained semi‑detached 2‑family home built in 1935
- 31×105 lot with a 21×64 building
- 6 bedrooms and 4 full bathrooms total; each unit has 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,570
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,951,400
$2.0M
Cap Rate 7%
$1,393,857
$1.4M
Cap Rate 9%
$1,084,111
$1.1M
Market Conditions
NOI Build-Up for 2,786 SF
Gross rent
$142.1K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$139.4K $50.03/SF
− OpEx
−$41.8K −$15.01/SF
NOI
$97.6K $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%
$1,951,400
Cap Rate 7%
$1,393,857
Cap Rate 9%
$1,084,111
Alternative Uses
Best Use
Multifamily LT 5
$1.39M
$1.22M – $1.63M
NOI $97,570 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,054 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$2.31M
$2.02M – $2.69M
NOI $161,477 @ 7.0% cap · market cap 6.76%
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
5,659
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Well-maintained two-family semi-detached property with two 3-bedroom units, a finished basement, and off-street parking.
Where is this duplex located?
The property is located at 2398 E 21st St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: Well‑maintained semi‑detached 2‑family home built in 1935; 31×105 lot with a 21×64 building; 6 bedrooms and 4 full bathrooms total; each unit has 3 bedrooms and 2 bathrooms
