Renovated 3-Story Multi-Family
253 21st Street Brooklyn, NY 11215
253 21st Street, Brooklyn, NY, 11215
$2,550,000
For Sale
$2,550,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,724 SF
Lot Size0.05 Acres
Price / SF$936.12
Days on Market108
Property Features for 253 21st Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
- Patio and Porch features
- Patio, Deck
- Interior features
- Central Air - Split, Deck, Dryer, Laundry Area, Patio Garden, Refrigerator, Stove, Terrace, Washer
- Basement
- Full
- Standard status
- Active
- Size
- 2,724 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6515
Building Details
- Year built
- 1901
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Tile, Ceramic
- Building materials
- Wood Frame
- Roof type
- Flat
Listing agency
RE/MAX Real Estate Professiona
(718) 532-2000
Listed by
Billy Apter · License #BEA5721
(718) 532-2000
Added: Apr 6 Updated: Jul 15 at 3:38PM Checked: Jul 22 at 5:06AM
MLS# 500108
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 beautifully renovated, meticulously maintained 20-foot-wide, three-story, three-family home is currently configured and utilized as an extra-spacious two-family. The layout includes a three-bedroom/four-bedroom owner’s duplex spanning the first and second floors, with a two-bedroom rental unit on the third floor. Interior highlights referenced in the listing include granite kitchens with stainless steel appliances, modern bathrooms, bright skylights, and mantle fireplaces, along with tall tin ceilings. The basement is described as full-sized with high ceilings and separate entrances, and the home features a newer roof, updated electrical and plumbing, and split A/C units. Outside, there is an extra-deep backyard with a deck.
Located at 253 21st Street in Brooklyn (11215), the property is zoned R6B and sits on a 0.046-acre lot. The listing also notes conversion flexibility back to the original three-family configuration, or use as an extra-large single-family. The home is described as convenient to Park Slope, South Slope, Greenwood Heights, and Sunset Park. The property is currently vacant.
Located at 253 21st Street in Brooklyn (11215), the property is zoned R6B and sits on a 0.046-acre lot. The listing also notes conversion flexibility back to the original three-family configuration, or use as an extra-large single-family. The home is described as convenient to Park Slope, South Slope, Greenwood Heights, and Sunset Park. The property is currently vacant.
Key Highlights
- Currently configured as a spacious 2‑family home across 3 stories, with the 3rd‑floor 2‑bedroom rental over an owner duplex
- Full basement with high ceilings and separate entrances, plus additional basement space
- Backyard with deck/patio features, including a deck and patio garden elements
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 | $138.9k | $51.00 |
| − Vacancy | −$2.6k | −$0.97 |
| EGI | $136.3k | $50.03 |
| − OpEx | −$40.9k | −$15.01 |
| NOI | $95.4k | $35.02 |
2,724 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,399 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,161 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$2.26M
$1.97M – $2.63M
NOI $157,883 @ 7.0% cap · market cap 6.19%
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 - Renovated 3-story home currently configured as extra-spacious two-family with skylights, split A/C, and updated systems.
Where is this duplex located?
The property is located at 253 21st Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Currently configured as a spacious 2‑family home across 3 stories, with the 3rd‑floor 2‑bedroom rental over an owner duplex; Full basement with high ceilings and separate entrances, plus additional basement space; Backyard with deck/patio features, including a deck and patio garden elements
