Brick Two-Family
For Sale
$1,388,000
2424 E 63rd St, Brooklyn, NY 11234
Semi-attached residence with a finished basement, separate entry, and on-site parking.
Property Size2,544 SF
Days on Market66
Property Features for 2424 E 63rd St
General Information
Standard status
Active
Size
2,544 SF
Total Parking Spaces
3
Property subtype
Multi Family
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,448
Building Details
Building Size
2,544 SF
Year Built
1960
Stories
2
Construction
brick
Listing Agency:
Bergen Basin Realty LLC
Listed By:
Jason Sciulara
(718) 763-4110
Source:
Elliman
Added: Aug 24
Changed: Oct 25
Last Checked: Oct 26 at 5:34PM
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 Bergen Basin Realty LLC
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Investment Insights
Based on property information with market context.
This 1960-built, all-brick duplex is configured as a two-family residence with three bedrooms on each level. A finished basement adds usable interior space, while a separate entrance supports distinct access to the lower area. The semi-attached layout includes parking for three cars and is currently occupied by tenants, with the option for delivery vacant.
The property is located in Mill Basin at 2424 E 63rd St, Brooklyn, NY 11234. Walk Score is 93, categorized as a Walker’s Paradise; Transit Score is 79, reflecting Excellent Transit, and Bike Score is 58, classified as Bikeable. The combination of two residential units, basement space, separate access, and on-site parking provides a clearly defined multifamily configuration.
The property is located in Mill Basin at 2424 E 63rd St, Brooklyn, NY 11234. Walk Score is 93, categorized as a Walker’s Paradise; Transit Score is 79, reflecting Excellent Transit, and Bike Score is 58, classified as Bikeable. The combination of two residential units, basement space, separate access, and on-site parking provides a clearly defined multifamily configuration.
Key Highlights
- Two‑family duplex with 3 bedrooms over 3 bedrooms
- All‑brick, semi‑attached construction built in 1960
- Finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,095
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,781,900
$1.8M
Cap Rate 7%
$1,272,786
$1.3M
Cap Rate 9%
$989,944
$989.9K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$129.7K $51.00/SF
− Vacancy
−$2.5K −$0.97/SF
EGI
$127.3K $50.03/SF
− OpEx
−$38.2K −$15.01/SF
NOI
$89.1K $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%
$1,781,900
Cap Rate 7%
$1,272,786
Cap Rate 9%
$989,944
Alternative Uses
Best Use
Multifamily LT 5
$1.27M
$1.11M – $1.48M
NOI $89,095 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$1.11M
$970.8K – $1.29M
NOI $77,666 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,450 @ 7.0% cap · market cap 10.62%
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
3,937
Businesses Nearby
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Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached residence with a finished basement, separate entry, and on-site parking.
Where is this duplex located?
The property is located at 2424 E 63rd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,388,000.
What are key features of this property?
This property features: Two‑family duplex with 3 bedrooms over 3 bedrooms; All‑brick, semi‑attached construction built in 1960; Finished basement with a separate entrance
