Brick Two-Family
For Sale
$1,188,800
Pending
2458 E 26th St, Brooklyn, NY 11235
Semi-attached brick 2-family residence with separate entrances, 10' ceilings, and a 1-car attached garage.
Property Size2,392 SF
Days on Market124
Property Features for 2458 E 26th St
General Information
Standard status
Pending
Size
2,392 SF
Property subtype
Multi Family
Additional Details
Clear Height
10 ft
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,831
Building Details
Building Size
2,392 SF
Year Built
1940
Listing Agency:
Citi Star Realty
Listed By:
Louis Florio
(718) 332-6669
Source:
Elliman
Added: May 9
Changed: Sep 7
Last Checked: Sep 8 at 6:14AM
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 Citi Star Realty
Investment Insights
Based on property information with market context.
Semi-attached, brick 2-family home on a tree-lined block. The lower unit offers a separate entrance and features two bedrooms, one full bathroom, a living room, and a kitchen. The main floor includes a full bathroom, an eat-in kitchen with a washing machine, and a large living room with 10' ceilings and wood flooring. Bedrooms include multiple closet spaces, with the primary bedroom providing access to the backyard and a door to a patio.
Outside, the front of the house has a driveway and a 1-car, attached garage. The roof was done approximately three years ago, and the boiler was replaced approximately two years ago and has remained well maintained.
Convenient to everyday needs, the property is located near shopping, supermarkets, restaurants, schools, and playgrounds. Public transportation includes the B36 on Avenue Z and the B36 and B44 on Nostrand Avenue, with access to the B and Q trains at Sheepshead Bay Station.
Outside, the front of the house has a driveway and a 1-car, attached garage. The roof was done approximately three years ago, and the boiler was replaced approximately two years ago and has remained well maintained.
Convenient to everyday needs, the property is located near shopping, supermarkets, restaurants, schools, and playgrounds. Public transportation includes the B36 on Avenue Z and the B36 and B44 on Nostrand Avenue, with access to the B and Q trains at Sheepshead Bay Station.
Key Highlights
- Semi‑attached brick 2‑family home on a tree‑lined block in Sheepshead Bay (built 1940) with separate entrances
- Lower unit features 2 bedrooms, 1 full bathroom, living room and kitchen; full bathroom on the main floor
- Main living space includes 10' ceilings and all wood flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$83,772
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,675,440
$1.7M
Cap Rate 7%
$1,196,743
$1.2M
Cap Rate 9%
$930,800
$930.8K
Market Conditions
NOI Build-Up for 2,392 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.0K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$119.7K $50.03/SF
− OpEx
−$35.9K −$15.01/SF
NOI
$83.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,675,440
Cap Rate 7%
$1,196,743
Cap Rate 9%
$930,800
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,772 @ 7.0% cap · market cap 7.05%
Second Best
Apartment 5plus
$1.04M
$912.8K – $1.22M
NOI $73,025 @ 7.0% cap · market cap 6.14%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,640 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10 ft
Clear height
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
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
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Frequently Asked Questions
What type of property is this?
Duplex - Semi-attached brick 2-family residence with separate entrances, 10' ceilings, and a 1-car attached garage.
Where is this duplex located?
The property is located at 2458 E 26th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,188,800.
What are key features of this property?
This property features: Semi‑attached brick 2‑family home on a tree‑lined block in Sheepshead Bay (built 1940) with separate entrances; Lower unit features 2 bedrooms, 1 full bathroom, living room and kitchen; full bathroom on the main floor; Main living space includes 10' ceilings and all wood flooring
