Restored Two-Family
New
For Sale
$3,250,000
253 Rutland Rd townhouse, Brooklyn, NY 11225
Historic Brooklyn townhouse with two residences, private decks, landscaped outdoor areas, and finished basement space.
Property Size4,450 SF
Days on Market5
Property Features for 253 Rutland Rd townhouse
General Information
Standard status
Active
Size
4,450 SF
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,652
Building Details
Building Size
4,450 SF
Year Built
1901
Buildings
1
Units
2
Listing Agency:
Fact Real Estate LLC
Listed By:
Chuanyung Wang
(917) 225-7078
Source:
Elliman
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 21 at 9:09AM
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 restored two-family townhouse at 253 Rutland Road combines a 1901 structure with extensive contemporary improvements. The 20-foot-wide home extends more than 50 feet deep on a 100-foot-deep lot and retains its limestone facade. The owner’s duplex includes a parlor level with 9.5-foot ceilings, a custom kitchen, marble fireplace, pantry, storage, and garden-facing deck. The third floor rises to 11.5-foot ceilings and contains three bedrooms, including a primary suite with walk-in closet and five-fixture bath.
The first-floor residence provides two bedrooms and two bathrooms, along with custom millwork, Dekton surfaces, updated baths, and separate deck access. A finished basement adds open recreational space and a laundry room with washer and dryer hookups. Landscaped front and rear areas include Japanese maples, river birch trees, deep green fencing, and automated irrigation. The property is in Prospect Lefferts Gardens, with walkScore 87, bikeScore 88, and transitScore 100.
The first-floor residence provides two bedrooms and two bathrooms, along with custom millwork, Dekton surfaces, updated baths, and separate deck access. A finished basement adds open recreational space and a laundry room with washer and dryer hookups. Landscaped front and rear areas include Japanese maples, river birch trees, deep green fencing, and automated irrigation. The property is in Prospect Lefferts Gardens, with walkScore 87, bikeScore 88, and transitScore 100.
Key Highlights
- Two‑family townhouse on a 100‑foot‑deep lot with 20‑foot width and more than 50 feet of building depth
- Owner’s duplex includes three bedrooms, 9.5‑foot parlor ceilings, and 11.5‑foot third‑floor ceilings
- First‑floor residence offers 2 bedrooms and 2 bathrooms with private deck access
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
4.80%
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 4.80%
Second Best
Apartment 5plus
$1.94M
$1.70M – $2.26M
NOI $135,854 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$3.68M
$3.22M – $4.30M
NOI $257,922 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Historic Brooklyn townhouse with two residences, private decks, landscaped outdoor areas, and finished basement space.
Where is this duplex located?
The property is located at 253 Rutland Rd townhouse Brooklyn, NY.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two‑family townhouse on a 100‑foot‑deep lot with 20‑foot width and more than 50 feet of building depth; Owner’s duplex includes three bedrooms, 9.5‑foot parlor ceilings, and 11.5‑foot third‑floor ceilings; First‑floor residence offers 2 bedrooms and 2 bathrooms with private deck access
