Two-Family
New
For Sale
$1,349,000
2428 E 2nd Street, Brooklyn, NY 11218
Residential, Brooklyn, NY
Property Size3,000 SF
Lot Size0.05 Acres
Price / SF$449.67
Days on Market3
Property Features for 2428 E 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 4
Interior features
Refrigerator, Stove
Subdivision
Gravesend
Standard status
Active
Size
3,000 SF
Lot size
0.05 Acres
Building Details
Year built
1930
Floors in Building
2
Flooring type
Tile, Hardwood
Listing Agency:
RE/MAX Elite
Listed By:
Joseph Madaio, CRS, GRI
(718) 690-3900
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 12:06AM
MLS# 505475
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 Brooklyn duplex contains two residential units with approximately 3,000 square feet of living space. The home has four bedrooms, two full bathrooms, and one three-quarter bathroom. Tile and hardwood flooring are complemented by a refrigerator and stove. The property was built in 1930 and is zoned R4.
Local bus service and the F and M subway lines are nearby. The two-unit configuration supports owner occupancy in one residence with the other available for rental use.
Local bus service and the F and M subway lines are nearby. The two-unit configuration supports owner occupancy in one residence with the other available for rental use.
Key Highlights
- Two‑family property with approximately 3,000 square feet of living space
- Four bedrooms, two full bathrooms, and one three‑quarter bathroom
- 0.0459‑acre lot
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,363
Businesses Nearby
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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
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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 - The two-unit layout allows an owner to live in one residence and rent the other.
Where is this duplex located?
The property is located at 2428 E 2nd Street 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‑family property with approximately 3,000 square feet of living space; Four bedrooms, two full bathrooms, and one three‑quarter bathroom; 0.0459‑acre lot
