Two-Family Home with Private
New
For Sale
$1,288,000
2538 W 2nd St, Brooklyn, NY 11223
Well-maintained two-family home with 6 bedrooms, 3 full bathrooms, plus a private driveway and garage.
Property Size2,812 SF
Days on Market6
Property Features for 2538 W 2nd St
General Information
Standard status
Active
Size
2,812 SF
Property subtype
Multi Family
Building Details
Building Size
2,812 SF
Year Built
1965
Buildings
1
Tenancy
Multi
Listing Agency:
Real Broker LLC
(718) 256-4000
Listed By:
Ian S. Satchell
(718) 256-4000
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 4 at 7:52AM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
Spacious two-family home in Brooklyn featuring a total of 6 bedrooms and 3 full bathrooms. The property includes a private driveway and garage for added convenience. It is sold as-is and ready for buyer updates.
Conveniently located near West 2nd Street and Avenue Y, with easy access to the N, W, F, and D trains at Avenue U, plus B1, B3, and B4 bus lines. The area offers a family-friendly setting with tree-lined streets, shops, and proximity to the waterfront.
Built in 1965, this home is designed for comfortable living or rental use, with generous room sizes across both units.
Conveniently located near West 2nd Street and Avenue Y, with easy access to the N, W, F, and D trains at Avenue U, plus B1, B3, and B4 bus lines. The area offers a family-friendly setting with tree-lined streets, shops, and proximity to the waterfront.
Built in 1965, this home is designed for comfortable living or rental use, with generous room sizes across both units.
Key Highlights
- Total of 6 bedrooms and 3 full bathrooms
- Private driveway and garage
- Sold as‑is, ready for updates
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 | $143.4k | $51.00 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $140.7k | $50.03 |
| − OpEx | −$42.2k | −$15.01 |
| NOI | $98.5k | $35.02 |
2,812 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.64M
NOI $98,481 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$1.23M
$1.07M – $1.43M
NOI $85,847 @ 7.0% cap · market cap 6.67%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $162,984 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
Market
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home with 6 bedrooms, 3 full bathrooms, plus a private driveway and garage.
Where is this duplex located?
The property is located at 2538 W 2nd St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,288,000.
What are key features of this property?
This property features: Total of 6 bedrooms and 3 full bathrooms; Private driveway and garage; Sold as‑is, ready for updates
