Semi-Detached Duplex with
For Sale
$899,000
2450 West Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,504 SF
Lot Size0.05 Acres
Price / SF$597.74
Days on Market372
Property Features for 2450 West Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2
Basement
Full
Subdivision
Gravesend
Standard status
Active
Size
1,504 SF
Lot size
0.05 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
6670
Building Details
Year built
1925
Number of units
2
Flooring type
Hardwood
Building materials
Wood Frame
Buildings
1
Listing Agency:
Century 21 Homefront Realty
Listed By:
Delton Cheng
(718) 252-6060
Added: Oct 21, 2025
Changed: Oct 26
Last Checked: Oct 27 at 9:06AM
MLS# 496623
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 semi-detached two-family residence at 2450 West Street includes 1,504 square feet, five bedrooms, and two bathrooms. The wood-frame property was built in 1925 and features hardwood flooring. A semifinished basement provides additional interior space and has its own exterior entrance. The home is being offered in as-is condition.
Both the first- and second-floor units are currently tenant occupied. The property sits on 0.0459 acres in Brooklyn’s Gravesend area, with shopping, schools, and transportation identified nearby. R4 zoning applies to the property.
Both the first- and second-floor units are currently tenant occupied. The property sits on 0.0459 acres in Brooklyn’s Gravesend area, with shopping, schools, and transportation identified nearby. R4 zoning applies to the property.
Key Highlights
- Two‑family semi‑detached residence with 1,504 square feet
- Five bedrooms and two bathrooms
- Semifinished basement with separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,673
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,053,460
$1.1M
Cap Rate 7%
$752,471
$752.5K
Cap Rate 9%
$585,256
$585.3K
Market Conditions
NOI Build-Up for 1,504 SF
Gross rent
$76.7K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$75.2K $50.03/SF
− OpEx
−$22.6K −$15.01/SF
NOI
$52.7K $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%
$1,053,460
Cap Rate 7%
$752,471
Cap Rate 9%
$585,256
Alternative Uses
Best Use
Multifamily LT 5
$752.5K
$658.4K – $877.9K
NOI $52,673 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$655.9K
$574.0K – $765.3K
NOI $45,916 @ 7.0% cap · market cap 5.11%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.45M
NOI $87,172 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,363
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
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 - R4-zoned residence with hardwood floors, two occupied levels, and a separate outside entrance to the lower level.
Where is this duplex located?
The property is located at 2450 West Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family semi‑detached residence with 1,504 square feet; Five bedrooms and two bathrooms; Semifinished basement with separate exterior entrance
