Duplex with Finished
For Sale
$2,390,000
2398 E 21st Street, Brooklyn, NY 11229
Residential, Brooklyn, NY
Property Size2,786 SF
Lot Size0.07 Acres
Price / SF$857.86
Days on Market100
Property Features for 2398 E 21st Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 4
Interior features
Refrigerator, Stove
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,786 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
10323
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Brick
Roof type
Shingle
Listing Agency:
Tiger Realty
Listed By:
Hang (Tyler) Chen · License #HC3855
(917) 708-9966
Added: Jul 8
Changed: Oct 13
Last Checked: Oct 15 at 11:06AM
MLS# 502806
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.
This semi-detached duplex contains two residential units, each arranged with three bedrooms and two full bathrooms. The property provides six bedrooms and four full bathrooms overall, along with a full finished basement that adds recreation, storage, or flexible-use space. Brick construction, shingle roofing, tile and hardwood flooring, and included refrigerator and stove appliances are among the existing features. The home was built in 1935 and is zoned R4.
Located at 2398 E 21st Street in Brooklyn, the property includes a private driveway with parking for two vehicles. Shopping, supermarkets, restaurants, schools, parks, public transportation, and major roadways are identified in the surrounding area. The 2,786-square-foot building occupies a 0.0747-acre lot.
Located at 2398 E 21st Street in Brooklyn, the property includes a private driveway with parking for two vehicles. Shopping, supermarkets, restaurants, schools, parks, public transportation, and major roadways are identified in the surrounding area. The 2,786-square-foot building occupies a 0.0747-acre lot.
Key Highlights
- 2,786‑square‑foot duplex with six bedrooms and four full bathrooms
- Two units, each with 3 bedrooms and 2 full bathrooms
- Full finished basement for recreation, storage, or flexible use
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.
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Current Use
Lease Details
2
Residential units
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
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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 - Semi-detached brick residence offers two three-bedroom units, finished lower-level space, and private off-street parking.
Where is this duplex located?
The property is located at 2398 E 21st Street 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: 2,786‑square‑foot duplex with six bedrooms and four full bathrooms; Two units, each with 3 bedrooms and 2 full bathrooms; Full finished basement for recreation, storage, or flexible use
