Building Details

Building Size 2,355 SF

Year Built 1905

Stories 2

Listing Agency: RE/MAX Real Estate Professiona

Listed By: Siu Kit Wong · License #SW6470 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 8 Last Checked: Aug 25 at 9:16AM

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Investment Insights

Based on property information with market context.

This detached two-family property is situated on two lots, totaling approximately 10,000 square feet, zoned R5. The property benefits from a wider street and its location on 25th Ave and Stillwell Ave, offering ample sunlight and expansive views. This property is suitable for developers, builders, or end users. The lot measures 40x100 and features a total of four levels, a private driveway, and a detached two-car garage, providing parking space for four or more vehicles. The property includes a front yard and side yard, with broad views of the surrounding area and maximized sunlight throughout the day. The building contains 8 bedrooms and 3 baths, and all apartments are in move-in condition. There are two heating zones, and the roof is approximately 10 years old. The property is located a short distance from the D Train station on 86th Street, with supermarkets, restaurants, bakeries, and schools nearby. Full possession is available at closing.

Key Highlights

• Double lots totaling approximately 10,000 sq ft with R5 zoning, suitable for development or end‑users
• Detached 2‑family home with 8 bedrooms and 3 baths, in move‑in condition
• Private driveway and detached 2‑car garage, providing 4+ parking spaces**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,232

Cap Rate

3.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,284,640 $1.3M

Cap Rate 7%

$917,600 $917.6K

Cap Rate 9%

$713,689 $713.7K

Market Conditions

NOI Build-Up for 2,355 SF

Gross rent

$96.1K $40.80/SF

− Vacancy

−$4.3K −$1.84/SF

EGI

$91.8K $38.96/SF

− OpEx

−$27.5K −$11.69/SF

NOI

$64.2K $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%

$1,284,640

Cap Rate 7%

$917,600

Cap Rate 9%

$713,689

Alternative Uses

Best Use

Multifamily LT 5

$917.6K

$802.9K – $1.07M (±1% cap)

NOI $64,232 @ 7.0% cap · market cap 3.47%

Second Best

Apartment 5plus

$822.4K

$719.6K – $959.5K (±1% cap)

NOI $57,567 @ 7.0% cap · market cap 3.11%

Theoretical Best

Office A

$1.37M

$1.20M – $1.60M (±1% cap)

NOI $96,165 @ 7.0% cap · market cap 5.20%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Hotel & Motel Gym & Fitness Center Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-family home on double lot with development potential.

Where is this duplex located?

The property is located at 2502 84th St Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,850,000.

What are key features of this property?

This property features: Double lots totaling approximately 10,000 sq ft with R5 zoning, suitable for development or end‑users; Detached 2‑family home with 8 bedrooms and 3 baths, in move‑in condition; Private driveway and detached 2‑car garage, providing 4+ parking spaces**