Gravesend Two-Family
For Sale
$2,275,000
Pending
2449 85th St, Brooklyn, NY 11214
Well-maintained 8-bedroom, 5-bathroom two-family home in Gravesend.
Property Size3,202 SF
Lot Size0.07 Acres
Days on Market337
Property Features for 2449 85th St
General Information
Standard status
Pending
Size
3,202 SF
Lot size
0.07 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$12,125
Building Details
Building Size
3,202 SF
Year Built
1960
Stories
3
Listed By:
Thomas Durante
(718) 690-3900
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 30 at 4:34PM
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 Thomas Durante
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Investment Insights
Based on property information with market context.
This well-maintained two-family home features 8 bedrooms and 5 bathrooms. Located in the Gravesend neighborhood, it offers access to shopping, dining, and public transportation. The 25th Avenue Station, with the Express D Train, is minutes away. The first floor has a 3-bedroom apartment, complete with a full bathroom and a half bath adjacent to the master bedroom. The second floor mirrors this layout. The property includes outdoor space with a front, side, and backyard, along with a private driveway that accommodates parking for 3 cars. This home offers functional living space in a prime location.
Key Highlights
- Prime Gravesend location with easy access to shopping, dining, and public transportation.
- Convenient access to the 25th Avenue Station and the Express D Train.
- Two‑family home featuring a total of 8 bedrooms and 5 bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,334
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,746,680
$1.7M
Cap Rate 7%
$1,247,629
$1.2M
Cap Rate 9%
$970,378
$970.4K
Market Conditions
NOI Build-Up for 3,202 SF
Gross rent
$130.6K $40.80/SF
− Vacancy
−$5.9K −$1.84/SF
EGI
$124.8K $38.96/SF
− OpEx
−$37.4K −$11.69/SF
NOI
$87.3K $27.27/SF
Area
ZIP 11214
Vacancy
4.50%
Lease Rate
$40.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,746,680
Cap Rate 7%
$1,247,629
Cap Rate 9%
$970,378
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,334 @ 7.0% cap · market cap 3.84%
Second Best
Apartment 5plus
$1.12M
$978.4K – $1.30M
NOI $78,271 @ 7.0% cap · market cap 3.44%
Theoretical Best
Office A
$1.87M
$1.63M – $2.18M
NOI $130,752 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 11214, NY
96,560
Population
33,341
Households
2.9
Avg Household Size
39
Median Age
32%
College-Educated
76%
High-School Grad
2.0 sq mi
ZIP Area
48,280
Density / Sq Mi
$64,286
Median Household Income
$41,172
Median Earnings
$1,710
Median Rent
$1,007,400
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 - Well-maintained 8-bedroom, 5-bathroom two-family home in Gravesend.
Where is this duplex located?
The property is located at 2449 85th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: Prime Gravesend location with easy access to shopping, dining, and public transportation.; Convenient access to the 25th Avenue Station and the Express D Train.; Two‑family home featuring a total of 8 bedrooms and 5 bathrooms.
