For Sale
$1,500,000
2459 W 2nd Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size1,260 SF
Lot Size0.09 Acres
Price / SF$1,190
Days on Market58
Property Features for 2459 W 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Interior features
A/C Unit - Window, Dryer, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Gravesend
Standard status
Active
Size
1,260 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8295
Building Details
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Hometime Estates of Brooklyn L
(718) 524-0400
Listed By:
Lee Goldstein
(718) 614-3115
Added: Aug 14
Changed: Oct 10
Last Checked: Oct 10 at 5:06PM
MLS# 503798
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,127
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,540
$882.5K
Cap Rate 7%
$630,386
$630.4K
Cap Rate 9%
$490,300
$490.3K
Market Conditions
NOI Build-Up for 1,260 SF
Gross rent
$64.3K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$63.0K $50.03/SF
− OpEx
−$18.9K −$15.01/SF
NOI
$44.1K $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%
$882,540
Cap Rate 7%
$630,386
Cap Rate 9%
$490,300
Alternative Uses
Best Use
Multifamily LT 5
$630.4K
$551.6K – $735.5K
NOI $44,127 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$549.5K
$480.8K – $641.1K
NOI $38,466 @ 7.0% cap · market cap 2.56%
Theoretical Best
Specialty Retail
$1.04M
$912.9K – $1.22M
NOI $73,030 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,363
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
Where is this duplex located?
The property is located at 2459 W 2nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,500,000.
