Brick Duplex with
New
For Sale
$2,500,000
24 Saint Francis Place, Brooklyn, NY 11216
Residential, Brooklyn, NY
Property Size2,568 SF
Lot Size0.04 Acres
Price / SF$973.52
Days on Market4
Property Features for 24 Saint Francis Place
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6B
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Patio and Porch features
Patio
Interior features
Dishwasher, Fireplace, Patio Garden
Fireplace
1
Basement
Finished
Subdivision
Crown Heights
Standard status
Active
Size
2,568 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6730
Amenities
fireplaces
Building Details
Year built
1910
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Buildings
1
Listing Agency:
Revived Residential
Listed By:
Daniel Varrella
(929) 379-3750
Added: Oct 28
Changed: Oct 30
Last Checked: Oct 31 at 1:06AM
MLS# 505706
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.
This brick duplex in Brooklyn has three stories above a basement, with five bedrooms and four bathrooms. Three fireplaces are located in the living room and on the second and third floors. Hardwood flooring, a patio, and a basement with a separate front entrance are among its additional features. Built in 1910, the property occupies a 0.0364-acre lot and is zoned R6B. The stated maximum buildable area is approximately 3,802 square feet, including 1,236 square feet of additional buildable area; figures are subject to independent verification.
The property is on St. Francis Place in Crown Heights, near restaurants, cafes, shops, and other conveniences. The Botanic Garden subway station is a few blocks away, providing connections across Brooklyn and Manhattan.
The property is on St. Francis Place in Crown Heights, near restaurants, cafes, shops, and other conveniences. The Botanic Garden subway station is a few blocks away, providing connections across Brooklyn and Manhattan.
Key Highlights
- Five‑bedroom, four‑bathroom layout across three stories and a basement
- Three fireplaces, including one in the living room and two on upper floors
- R6B zoning; approximately 3,802 square feet maximum buildable area, including 1,236 square feet of additional buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,936
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,798,720
$1.8M
Cap Rate 7%
$1,284,800
$1.3M
Cap Rate 9%
$999,289
$999.3K
Market Conditions
NOI Build-Up for 2,568 SF
Gross rent
$131.0K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$128.5K $50.03/SF
− OpEx
−$38.5K −$15.01/SF
NOI
$89.9K $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%
$1,798,720
Cap Rate 7%
$1,284,800
Cap Rate 9%
$999,289
Alternative Uses
Best Use
Multifamily LT 5
$1.28M
$1.12M – $1.50M
NOI $89,936 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$1.12M
$980.0K – $1.31M
NOI $78,398 @ 7.0% cap · market cap 3.14%
Theoretical Best
Specialty Retail
$2.13M
$1.86M – $2.48M
NOI $148,841 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,832
Businesses Nearby
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Business Placement
Demographics for 11216, NY
61,251
Population
28,825
Households
2.1
Avg Household Size
34
Median Age
56%
College-Educated
91%
High-School Grad
1.0 sq mi
ZIP Area
61,251
Density / Sq Mi
$95,000
Median Household Income
$61,389
Median Earnings
$2,180
Median Rent
$1,398,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A three-story brick residence features five bedrooms, a basement with its own entrance, and fireplaces on multiple floors.
Where is this duplex located?
The property is located at 24 Saint Francis Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Five‑bedroom, four‑bathroom layout across three stories and a basement; Three fireplaces, including one in the living room and two on upper floors; R6B zoning; approximately 3,802 square feet maximum buildable area, including 1,236 square feet of additional buildable area
