Sheepshead Bay Two-Family
2529 E 22nd Street Brooklyn, NY 11235
2529 E 22nd Street, Brooklyn, NY, 11235
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For Sale
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Two-family home in Sheepshead Bay, delivered vacant.
Property Size2,256 SF
Lot Size0.06 Acres
Price / SF$606.83
Days on Market139
Property Features for 2529 E 22nd Street
General Information
- Standard status
- Active
- Size
- 2,256 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1925
Listing agency
Robert DeFalco Realty, Inc.
Listed by
Cindy Cheung · License #40CH0915567
Source
Crexi
Added: Mar 5 Updated: Jul 6 at 1:03PM Checked: Jul 21 at 12:20PM
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 Robert DeFalco Realty, Inc.
Investment Insights
Based on property information with market context.
This is a legal two-family, semi-attached home located at 2529 E 22nd Street in Sheepshead Bay. The property has a lot size of 25 X 100 and the house dimensions are 20 X 54, totaling 2256 square feet. The first floor features a living room/dining room combo, an eat-in kitchen, three bedrooms, a full bathroom, and a door leading to the backyard. The second floor mirrors this layout with a living room/dining room combo, an eat-in kitchen, three bedrooms, and a full bathroom. The basement is partially finished and includes a family room, a full bathroom, an open space, and a laundry & utilities room, with a rear door to the backyard. The house is well-maintained with hardwood floors throughout. The property features a shared driveway and is located close to shopping, schools, and public transportation. The house will be delivered vacant.
Key Highlights
- Legal two‑family home, delivered vacant.
- Located in Sheepshead Bay, close to shopping, schools, and public transportation.
- Features two units, each with a living room/dining room combo, eat‑in kitchen, 3 bedrooms, and a full bathroom.
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 | $115.1k | $51.00 |
| − Vacancy | −$2.2k | −$0.97 |
| EGI | $112.9k | $50.03 |
| − OpEx | −$33.9k | −$15.01 |
| NOI | $79.0k | $35.02 |
2,256 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.13M
$987.6K – $1.32M
NOI $79,009 @ 7.0% cap · market cap 5.77%
Second Best
Apartment 5plus
$983.9K
$860.9K – $1.15M
NOI $68,873 @ 7.0% cap · market cap 5.03%
Theoretical Best
Specialty Retail
$1.87M
$1.63M – $2.18M
NOI $130,758 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in Sheepshead Bay, delivered vacant.
Where is this duplex located?
The property is located at 2529 E 22nd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,369,000.
What are key features of this property?
This property features: Legal two‑family home, delivered vacant.; Located in Sheepshead Bay, close to shopping, schools, and public transportation.; Features two units, each with a living room/dining room combo, eat‑in kitchen, 3 bedrooms, and a full bathroom.
