Brick Duplex with Finished
For Sale
$769,000
2529 Mill Avenue, Brooklyn, NY 11234
Residential, Duplex, Brooklyn, NY
Property Size1,339 SF
Lot Size0.04 Acres
Price / SF$574.31
Days on Market183
Property Features for 2529 Mill Avenue
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R5
Bedrooms
3
Bathrooms
3
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bathroom 3
Interior features
A/C Unit - Wall, Central Air - Split, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Mill Basin
Standard status
Active
Size
1,339 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
6080
Amenities
stainless steel appliances
granite counter tops
sliding doors
large backyard
storage closets
finished basement
separate entrance
Building Details
Year built
1960
Floors in Building
2
Flooring type
Hardwood, Ceramic
Building materials
Brick
Roof type
Flat
Architectural style
Other
Buildings
1
Listing Agency:
Talk of the Town Realty Corp.
Listed By:
Keren Shalmoni
(718) 251-7400
Added: Apr 27
Changed: Oct 25
Last Checked: Oct 26 at 1:06PM
MLS# 500897
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.
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Investment Insights
Based on property information with market context.
This brick duplex property at 2529 Mill Avenue in Brooklyn includes three bedrooms, three bathrooms, and a full finished basement with a separate entrance. The main living area has an open living room and dining room arrangement, while the renovated kitchen features stainless steel appliances and granite countertops. Hardwood and ceramic flooring, multiple storage closets, and laundry equipment add practical functionality. Central air with split-system service and wall A/C units are also present.
The property occupies 0.0436 acres and includes private parking for two cars. Built in 1960, it is identified with R5 zoning. The basement is configured as a family room and includes a bathroom, providing additional finished space within the property. Shopping, transportation, schools, and Lindower Park & Pool are noted in the surrounding area.
The property occupies 0.0436 acres and includes private parking for two cars. Built in 1960, it is identified with R5 zoning. The basement is configured as a family room and includes a bathroom, providing additional finished space within the property. Shopping, transportation, schools, and Lindower Park & Pool are noted in the surrounding area.
Key Highlights
- Three‑bedroom, three‑bathroom duplex property
- Full finished basement with separate entrance and bathroom
- Renovated kitchen with stainless steel appliances and granite countertops
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,894
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,880
$937.9K
Cap Rate 7%
$669,914
$669.9K
Cap Rate 9%
$521,044
$521.0K
Market Conditions
NOI Build-Up for 1,339 SF
Gross rent
$68.3K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$67.0K $50.03/SF
− OpEx
−$20.1K −$15.01/SF
NOI
$46.9K $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%
$937,880
Cap Rate 7%
$669,914
Cap Rate 9%
$521,044
Alternative Uses
Best Use
Multifamily LT 5
$669.9K
$586.2K – $781.6K
NOI $46,894 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$584.0K
$511.0K – $681.3K
NOI $40,878 @ 7.0% cap · market cap 5.32%
Theoretical Best
Specialty Retail
$1.11M
$970.1K – $1.29M
NOI $77,608 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,188
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
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 - Brick duplex with three bedrooms, three bathrooms, private parking, and a finished basement with separate exterior access.
Where is this duplex located?
The property is located at 2529 Mill Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $769,000.
What are key features of this property?
This property features: Three‑bedroom, three‑bathroom duplex property; Full finished basement with separate entrance and bathroom; Renovated kitchen with stainless steel appliances and granite countertops
