Detached Duplex With Finished
For Sale
$1,699,000
2538 E 29th Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$707.92
Days on Market93
Property Features for 2538 E 29th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 5, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2
Parking features
Garage - Detached
Interior features
A/C Unit - Wall, Central Air - Split, Dishwasher, Dryer, Microwave, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
2,400 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
8924
Building Details
Year built
1930
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Asphalt
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Jason Zhou · License #JZ1320
(347) 988-5318
Added: Jul 13
Changed: Oct 10
Last Checked: Oct 13 at 8:06AM
MLS# 502966
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 detached duplex contains 2,400 square feet on a 0.0918-acre lot, with a 20-by-60-foot building footprint and a 40-by-100-foot parcel. The owner’s residence includes a living room, dining room, eat-in kitchen with granite counters and stainless-steel appliances, three bedrooms, an office or nursery, and two full bathrooms. A separate two-bedroom apartment has its own entrance, living room, dining area, kitchen, and bathroom. The finished basement adds recreation space and another full bathroom, with separate access.
Hardwood and tile flooring, split air-conditioning units, recessed lighting, separate water heaters, and abundant natural light are among the interior features. Exterior improvements include a rear deck, paved backyard, wide private driveway, and detached two-car garage. The property is located on E 29th Street in Brooklyn’s Sheepshead Bay, near shopping, restaurants, schools, parks, and public transportation.
Hardwood and tile flooring, split air-conditioning units, recessed lighting, separate water heaters, and abundant natural light are among the interior features. Exterior improvements include a rear deck, paved backyard, wide private driveway, and detached two-car garage. The property is located on E 29th Street in Brooklyn’s Sheepshead Bay, near shopping, restaurants, schools, parks, and public transportation.
Key Highlights
- Detached two‑family property with a 2,400‑square‑foot building on a 0.0918‑acre lot
- Owner’s duplex includes 3 bedrooms, 2 full bathrooms, office or nursery, and eat‑in kitchen
- Separate 2‑bedroom apartment has its own entrance, living areas, kitchen, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,052
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,681,040
$1.7M
Cap Rate 7%
$1,200,743
$1.2M
Cap Rate 9%
$933,911
$933.9K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$122.4K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$120.1K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$84.1K $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%
$1,681,040
Cap Rate 7%
$1,200,743
Cap Rate 9%
$933,911
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,634
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer private entrances, separate living areas, and flexible space for owner occupancy and rental use.
Where is this duplex located?
The property is located at 2538 E 29th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: Detached two‑family property with a 2,400‑square‑foot building on a 0.0918‑acre lot; Owner’s duplex includes 3 bedrooms, 2 full bathrooms, office or nursery, and eat‑in kitchen; Separate 2‑bedroom apartment has its own entrance, living areas, kitchen, and bathroom
