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Renovated Semi-Detached Two-Family Home

2514 E 24th Street Brooklyn, NY 11235

2514 E 24th Street, Brooklyn, NY, 11235
$1,590,000
For Sale
Claim this Listing
$1,590,000

MULTI_FAMILY - Brooklyn, NY

Property Size2,160 SF
Lot Size0.06 Acres
Price / SF$736.11
AddedMay 30
Days on Market47
Last RefreshJul 15 at 6:06 am

Property Features for 2514 E 24th Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
9
Bathrooms
5
Rooms
Bedroom 3, Bedroom 5, Bedroom 2, Bedroom 4, Bedroom 9, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 6, Bedroom 1
Parking features
Carport
Interior features
A/C Unit, Central Air - Split
Basement
Finished, Full
Standard status
Active
Size
2,160 SF
Lot size
0.06 Acres

Taxes and HOA fees

Tax Annual Amount
9140

Building Details

Year built
1925
Floors in Building
2
Flooring type
Ceramic, Hardwood
Building materials
Brick
Roof type
Flat

Listing agent Franklin Shan

Listing office Tiger Realty 1484 86th Street, Brooklyn, NY

Listing date May 30, 2026

MLS# 501874 Listing URL

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.


Investment Insights

Based on property information with market context.

This semi-detached two-family home has been completely renovated from the basement to the roof, inside and out, approximately five years ago. The building includes a first floor with 3 bedrooms and 2 bathrooms, and a second floor with 4 bedrooms and 2 bathrooms. Each room is served by its own split-unit heating and cooling system, supporting flexible comfort throughout the home. Plumbing, electrical, and gas systems have been fully upgraded, and the property features separate gas meters, along with independent hot water and heating systems. Private parking is also included.

Located at 2514 E 24th Street in Brooklyn, NY 11235 (Kings County), the home sits on a 25-by-100 lot, with a building size of about 20 by 54. The property will be delivered fully vacant, ready for an owner-occupant or investor to move in without delay.

With separate systems for each unit and a sizable bedroom mix across both floors, this layout can suit a variety of residential income or owner-occupant arrangements. The split-unit configuration and upgraded utilities add practical reliability for day-to-day living, while the vacant delivery supports a straightforward transition for new ownership.

Key Highlights

  • Semi‑detached two‑family home built in 1925 with brick construction and a flat roof
  • 2054 building size on a 25100 lot, with private parking included
  • First floor layout: 3 bedrooms and 2 bathrooms; Second floor layout: 4 bedrooms and 2 bathrooms

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $110.2k $51.00
− Vacancy −$2.1k −$0.97
EGI $108.1k $50.03
− OpEx −$32.4k −$15.01
NOI $75.6k $35.02
2,160 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.08M
$945.6K – $1.26M (±1% cap)
NOI $75,647 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$942.0K
$824.3K – $1.10M (±1% cap)
NOI $65,943 @ 7.0% cap · market cap 4.15%
Theoretical Best
Specialty Retail
$1.79M
$1.56M – $2.09M (±1% cap)
NOI $125,194 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Parking Lot & Garage Real Estate Agency Hotel & Motel Catering Service Locksmith Bar & Pub Nursing Home Coworking & Hybrid Office Nursing Home Bed & Breakfast

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Fully renovated two-family with independent heating/cooling, separate gas meters, and private parking, delivered vacant for immediate occupancy.
Where is this duplex located?
The property is located at 2514 E 24th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: Semi‑detached two‑family home built in 1925 with brick construction and a flat roof; 20*54 building size on a 25*100 lot, with private parking included; First floor layout: 3 bedrooms and 2 bathrooms; Second floor layout: 4 bedrooms and 2 bathrooms
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