Brick Duplex with Full
For Sale
$870,000
243 E 26th St, Brooklyn, NY 11226
Two apartments offer separate floor layouts, with a basement accessible from its own front entrance.
Property Size1,380 SF
Days on Market9
Property Features for 243 E 26th St
General Information
Standard status
Active
Size
1,380 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
PROPERTY REQUIRES RENOVATION
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,654
Building Details
Building Size
1,380 SF
Year Built
1925
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Gosen Properties
Listed By:
Emmanuel Victor
(718) 704-0494
Source:
Elliman
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 26 at 5:48PM
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 Gosen Properties
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Investment Insights
Based on property information with market context.
Built in 1925, this two-family brick duplex in Brooklyn has a 3-bedroom, 1-bathroom apartment on the upper floor and a 2-bedroom, 1-bathroom apartment below. A full basement has a separate entrance at the front of the property. The building requires renovation and is being sold as is.
The property is at 243 E 26th St, near Kings Theatre, Brooklyn College, Target, and neighborhood retail and dining. Subway service includes the 2/5 and B/Q lines, with local bus routes B8, B41, B44, and B49 also accessible.
The property is at 243 E 26th St, near Kings Theatre, Brooklyn College, Target, and neighborhood retail and dining. Subway service includes the 2/5 and B/Q lines, with local bus routes B8, B41, B44, and B49 also accessible.
Key Highlights
- Two‑family brick duplex built in 1925
- Upper apartment has 3 bedrooms and 1 bathroom; lower apartment has 2 bedrooms and 1 bathroom
- Full basement with a separate front entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,981
Cap Rate
4.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,620
$699.6K
Cap Rate 7%
$499,729
$499.7K
Cap Rate 9%
$388,678
$388.7K
Market Conditions
NOI Build-Up for 1,380 SF
Gross rent
$52.2K $37.80/SF
− Vacancy
−$2.2K −$1.59/SF
EGI
$50.0K $36.21/SF
− OpEx
−$15.0K −$10.86/SF
NOI
$35.0K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,620
Cap Rate 7%
$499,729
Cap Rate 9%
$388,678
Alternative Uses
Best Use
Multifamily LT 5
$499.7K
$437.3K – $583.0K
NOI $34,981 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$462.2K
$404.4K – $539.2K
NOI $32,352 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$682.1K
$596.8K – $795.8K
NOI $47,746 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,185
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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 - Two apartments offer separate floor layouts, with a basement accessible from its own front entrance.
Where is this duplex located?
The property is located at 243 E 26th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Two‑family brick duplex built in 1925; Upper apartment has 3 bedrooms and 1 bathroom; lower apartment has 2 bedrooms and 1 bathroom; Full basement with a separate front entrance
