Two-Family
For Sale
$1,289,000
2511 Cropsey Ave, Brooklyn, NY 11214
A three-bedroom primary residence is paired with a one-bedroom walk-in apartment.
Property Size1,980 SF
Price / SF$651.01
Days on Market10
Property Features for 2511 Cropsey Ave
General Information
Standard status
Active
Size
1,980 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1960
Buildings
1
Listing Agency:
Homes R Us Realty of NY, Inc.
Listed By:
Michael Taliercio · License #10401307640
(718) 668-2550
Source:
Statenislandhomelistings
Added: Oct 17
Changed: Oct 25
Last Checked: Oct 24 at 5:13PM
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 Homes R Us Realty of NY, Inc.
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Investment Insights
Based on property information with market context.
Built in 1960, this Brooklyn duplex contains two residences: a main home with three bedrooms and one-and-a-half bathrooms, plus a walk-in apartment with one bedroom and one full bathroom. The arrangement supports separate household use within the same property.
The property is at 2511 Cropsey Ave in Brooklyn, near the 86th Street shopping corridor. Transportation, retail, and parks are also nearby.
The property is at 2511 Cropsey Ave in Brooklyn, near the 86th Street shopping corridor. Transportation, retail, and parks are also nearby.
Key Highlights
- Two‑family property at 2511 Cropsey Ave, Brooklyn, NY 11214
- Main residence has 3 bedrooms and 1.5 bathrooms
- Walk‑in apartment includes 1 bedroom and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,004
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,080
$1.1M
Cap Rate 7%
$771,486
$771.5K
Cap Rate 9%
$600,044
$600.0K
Market Conditions
NOI Build-Up for 1,980 SF
Gross rent
$80.8K $40.80/SF
− Vacancy
−$3.6K −$1.84/SF
EGI
$77.1K $38.96/SF
− OpEx
−$23.1K −$11.69/SF
NOI
$54.0K $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%
$1,080,080
Cap Rate 7%
$771,486
Cap Rate 9%
$600,044
Alternative Uses
Best Use
Multifamily LT 5
$771.5K
$675.1K – $900.1K
NOI $54,004 @ 7.0% cap · market cap 4.19%
Second Best
Apartment 5plus
$691.4K
$605.0K – $806.7K
NOI $48,400 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,852 @ 7.0% cap · market cap 6.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,561
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 - A three-bedroom primary residence is paired with a one-bedroom walk-in apartment.
Where is this duplex located?
The property is located at 2511 Cropsey Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,289,000.
What are key features of this property?
This property features: Two‑family property at 2511 Cropsey Ave, Brooklyn, NY 11214; Main residence has 3 bedrooms and 1.5 bathrooms; Walk‑in apartment includes 1 bedroom and 1 full bathroom
