New Two-Family
New
For Sale
$3,650,000
24 Jewel Street, Brooklyn, NY 11222
Four-story residence with a private owner’s home, separate one-bedroom rental, finished cellar, and landscaped outdoor areas.
Property Size3,100 SF
Price / SF$1,177
Days on Market4
Property Features for 24 Jewel Street
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$8,076
Building Details
Building Size
3,100 SF
Year Built
2026
Buildings
1
Stories
4
Tenancy
Multi
Abandoned
No
Listing Agency:
Compass
(646) 436-5625
Listed By:
YOVAL VIDAL
(646) 436-5625
Source:
Philipscheinfeld
Added: Aug 7
Changed: Aug 9
Last Checked: Aug 10 at 9:58AM
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
Investment Insights
Based on property information with market context.
Completed in 2026, this two-family townhouse combines a three-level owner’s residence with a fully separate one-bedroom rental apartment. The owner’s unit includes three bedrooms, three full bathrooms, two powder rooms, an open kitchen and living level, a primary suite with walk-in closet, and private outdoor access. A finished cellar adds a recreation room, wet bar, full bathroom, and walk-out connection to the backyard. The property provides 3,100 square feet of gross interior space and 575 square feet of gross exterior space across four stories plus the cellar. Interior details include white oak flooring, stone countertops, oversized windows, and Italian Bertazzoni appliances. Exterior amenities include a private balcony, landscaped terrace, and professionally landscaped backyard. The property is located on Jewel Street in Brooklyn’s Greenpoint neighborhood, near McGolrick Park, McCarren Park, the G train, WNYC Transmitter Park, and the East River waterfront.
Key Highlights
- 3,100 SF of gross interior space plus 575 SF of gross exterior space
- Two‑family layout with a three‑bedroom owner’s residence and separate one‑bedroom rental unit
- Four stories plus a fully finished cellar with recreation room, wet bar, and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$108,567
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,171,340
$2.2M
Cap Rate 7%
$1,550,957
$1.6M
Cap Rate 9%
$1,206,300
$1.2M
Market Conditions
NOI Build-Up for 3,100 SF
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.
Gross rent
$158.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$155.1K $50.03/SF
− OpEx
−$46.5K −$15.01/SF
NOI
$108.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,171,340
Cap Rate 7%
$1,550,957
Cap Rate 9%
$1,206,300
Alternative Uses
Best Use
Multifamily LT 5
$1.55M
$1.36M – $1.81M
NOI $108,567 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$1.35M
$1.18M – $1.58M
NOI $94,640 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $2.99M
NOI $179,676 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,364
Businesses Nearby
Explore this area
Business Placement
Demographics for 11222, NY
41,957
Population
21,917
Households
1.9
Avg Household Size
35
Median Age
65%
College-Educated
94%
High-School Grad
1.5 sq mi
ZIP Area
27,971
Density / Sq Mi
$123,963
Median Household Income
$74,237
Median Earnings
$2,595
Median Rent
$1,245,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Four-story residence with a private owner’s home, separate one-bedroom rental, finished cellar, and landscaped outdoor areas.
Where is this duplex located?
The property is located at 24 Jewel Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 3,100 SF of gross interior space plus 575 SF of gross exterior space; Two‑family layout with a three‑bedroom owner’s residence and separate one‑bedroom rental unit; Four stories plus a fully finished cellar with recreation room, wet bar, and full bath
