Restored Two-Family
For Sale
$3,400,000
253 Rutland Road, Brooklyn, NY 11225
Renovated duplex with private outdoor areas, flexible living space, and detailed interior finishes across two residences.
Property Size4,450 SF
Price / SF$764.04
Days on Market14
Property Features for 253 Rutland Road
General Information
Standard status
Active
Size
4,450 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,652
Building Details
Building Size
4,450 SF
Year Built
1901
Buildings
1
Listing Agency:
Fact Real Estate LLC
Listed By:
Chuanyung Wang
(917) 225-7078
Source:
Howardhannanyc
Added: Sep 9
Changed: Sep 11
Last Checked: Sep 21 at 7:25AM
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 Fact Real Estate LLC
Investment Insights
Based on property information with market context.
This 1901 two-family townhouse in Brooklyn’s Prospect Lefferts Gardens neighborhood combines a restored limestone exterior with updated interiors. The owner’s duplex includes a parlor-level kitchen, living room with marble fireplace, private deck, three upper-level bedrooms, a walk-in closet that can serve as a fourth bedroom, and a five-fixture primary bathroom. The first-floor residence provides two bedrooms and two bathrooms, along with separate deck access.
Finished basement space adds room for a den or media area and includes a dedicated laundry room with washer and dryer hookups. Interior details include white oak engineered flooring, custom millwork, marble and Dekton surfaces, new windows, and upgraded bathrooms. Landscaped front and rear outdoor areas include mature plantings, gravel landscaping, and an automated watering system. The property measures 20 feet wide by more than 50 feet deep on a 100-foot-deep lot.
Finished basement space adds room for a den or media area and includes a dedicated laundry room with washer and dryer hookups. Interior details include white oak engineered flooring, custom millwork, marble and Dekton surfaces, new windows, and upgraded bathrooms. Landscaped front and rear outdoor areas include mature plantings, gravel landscaping, and an automated watering system. The property measures 20 feet wide by more than 50 feet deep on a 100-foot-deep lot.
Key Highlights
- Two‑family townhouse built in 1901
- Owner’s duplex includes 3 bedrooms plus a walk‑in closet that can serve as a fourth bedroom
- Separate first‑floor residence with 2 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$155,847
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,116,940
$3.1M
Cap Rate 7%
$2,226,386
$2.2M
Cap Rate 9%
$1,731,633
$1.7M
Market Conditions
NOI Build-Up for 4,450 SF
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.
Gross rent
$227.0K $51.00/SF
− Vacancy
−$4.3K −$0.97/SF
EGI
$222.6K $50.03/SF
− OpEx
−$66.8K −$15.01/SF
NOI
$155.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,116,940
Cap Rate 7%
$2,226,386
Cap Rate 9%
$1,731,633
Alternative Uses
Best Use
Multifamily LT 5
$2.23M
$1.95M – $2.60M
NOI $155,847 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$1.94M
$1.70M – $2.26M
NOI $135,854 @ 7.0% cap · market cap 4.00%
Theoretical Best
Specialty Retail
$3.68M
$3.22M – $4.30M
NOI $257,922 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,851
Businesses Nearby
Explore this area
Business Placement
Demographics for 11225, NY
58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
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
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Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with private outdoor areas, flexible living space, and detailed interior finishes across two residences.
Where is this duplex located?
The property is located at 253 Rutland Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Two‑family townhouse built in 1901; Owner’s duplex includes 3 bedrooms plus a walk‑in closet that can serve as a fourth bedroom; Separate first‑floor residence with 2 bedrooms and 2 bathrooms
