Two-Family Duplex with
253 Exeter Street, Brooklyn, NY 11235
For Sale
New
$2,199,900
Residential, Brooklyn, NY
Property Size3,940 SF
Lot Size0.10 Acres
Price / SF$558.35
Days on Market2
Property Features for 253 Exeter Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
backyard
fully finished basement
front terrace
laundry room
Building Details
Year built
Number of units
Flooring type
Building materials
Buildings
Listing Agency:
Amerihomes Realty of NY, Inc
Listed By:
Victor Li · License #40LI0944229
(718) 447-2626
Added: Nov 8
Last Checked: Nov 9 at 4:06AM
MLS# 505934
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 detached brick duplex contains two residences with a combined 3,940 square feet of interior space. The lower residence has a living room, kitchen with dining area, two bedrooms, a laundry room, and a side-entry foyer. The upper home includes an eat-in kitchen, living room, three bedrooms, and two bathrooms, including a private bath off the primary bedroom. A finished basement adds three rooms and a full bathroom. Central air, hardwood and tile flooring, and a front terrace are among the property’s features.
The home sits on a 40-by-100-foot lot on an ocean block. Parking includes a built-in two-car garage and a front driveway with space for two cars; the property also has a backyard. Built in 1960, it is zoned R3-1.
The home sits on a 40-by-100-foot lot on an ocean block. Parking includes a built-in two-car garage and a front driveway with space for two cars; the property also has a backyard. Built in 1960, it is zoned R3-1.
Key Highlights
- Detached brick duplex with 3,940 square feet of interior space
- Two residences can be connected or kept separate
- 40‑by‑100‑foot lot on an ocean block
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,985
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,759,700
$2.8M
Cap Rate 7%
$1,971,214
$2.0M
Cap Rate 9%
$1,533,167
$1.5M
Market Conditions
NOI Build-Up for 3,940 SF
Gross rent
$200.9K $51.00/SF
− Vacancy
−$3.8K −$0.97/SF
EGI
$197.1K $50.03/SF
− OpEx
−$59.1K −$15.01/SF
NOI
$138.0K $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%
$2,759,700
Cap Rate 7%
$1,971,214
Cap Rate 9%
$1,533,167
Alternative Uses
Best Use
Multifamily LT 5
$1.97M
$1.72M – $2.30M
NOI $137,985 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$1.72M
$1.50M – $2.00M
NOI $120,284 @ 7.0% cap · market cap 5.47%
Theoretical Best
Specialty Retail
$3.26M
$2.85M – $3.81M
NOI $228,362 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
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Business Placement
Demographics for 11235, NY
88,482
Population
37,188
Households
2.4
Avg Household Size
44
Median Age
50%
College-Educated
90%
High-School Grad
2.5 sq mi
ZIP Area
35,393
Density / Sq Mi
$61,689
Median Household Income
$48,898
Median Earnings
$1,649
Median Rent
$723,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences can connect or operate independently, with outdoor space and a finished basement.
Where is this duplex located?
The property is located at 253 Exeter Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,199,900.
What are key features of this property?
This property features: Detached brick duplex with 3,940 square feet of interior space; Two residences can be connected or kept separate; 40‑by‑100‑foot lot on an ocean block
