Two-Unit
New
For Sale
$1,349,000
2428 E 2nd St, Brooklyn, NY 11218
The property offers separate living quarters and access to Brooklyn bus and subway service.
Property Size3,000 SF
Price / SF$449.67
Days on Market4
Property Features for 2428 E 2nd St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Tenant in Place
Yes
Building Details
Building Size
3,000 SF
Year Built
1930
Stories
2
Listed By:
Joseph Madaio, CRS, GRI
(718) 690-3900
Source:
Elliman
Added: Oct 23
Changed: Oct 26
Last Checked: Oct 24 at 7:02PM
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 Joseph Madaio, CRS, GRI
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Gravesend duplex contains approximately 3,000 square feet of living space, with four bedrooms, two full bathrooms, and one three-quarter bathroom. Built in 1930, the property is described as being in excellent condition. Its two-unit layout allows an owner to occupy one residence while renting the other.
Local bus stops are nearby, and the F and M subway lines are a short distance away. The property has a Walk Score of 94, a Transit Score of 78, and a Bike Score of 69.
Local bus stops are nearby, and the F and M subway lines are a short distance away. The property has a Walk Score of 94, a Transit Score of 78, and a Bike Score of 69.
Key Highlights
- Two‑unit duplex in Gravesend, Brooklyn
- Approximately 3,000 square feet of living space
- Four bedrooms, two full bathrooms, and one three‑quarter bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 7.79%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 6.79%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 12.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,819
Businesses Nearby
Explore this area
Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The property offers separate living quarters and access to Brooklyn bus and subway service.
Where is this duplex located?
The property is located at 2428 E 2nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: Two‑unit duplex in Gravesend, Brooklyn; Approximately 3,000 square feet of living space; Four bedrooms, two full bathrooms, and one three‑quarter bathroom
