Duplex With Garage
New
For Sale
$1,288,000
2538 W 2nd Street, Brooklyn, NY 11223
MULTI_FAMILY - NY
Property Size2,812 SF
Lot Size0.05 Acres
Price / SF$458.04
Days on Market4
Property Features for 2538 W 2nd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Parking features
Garage
Patio and Porch features
Porch
Interior features
A/C Unit - Wall, Dryer, Garage Door Opener(s), Laundry Area, Porch, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
2,812 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8850
Building Details
Year built
1965
Floors in Building
3
Number of units
2
Flooring type
Linoleum, Carpet, Hardwood
Building materials
Brick
Roof type
Flat
Architectural style
Other
Listing Agency:
Real Broker NY LLC
(718) 256-4000
Listed By:
Ian S. Satchell
(718) 256-4000
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 7:06PM
MLS# 503366
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.
Duplex in Brooklyn built in 1965 with brick construction and a flat roof. The home provides a total of 6 bedrooms and 3 full bathrooms, along with indoor-outdoor convenience from a porch. Parking includes a garage, and the property also features a private driveway. Interior amenities include wall A/C units, a dedicated laundry area, and in-unit appliances such as a washer, dryer, refrigerator, and stove. Flooring includes hardwood, carpet, and linoleum.
Set on a 0.0459-acre lot and totaling 2,812 square feet, the property is located near West 2nd Street and Avenue Y. Access to the N, W, F, and D trains at Avenue U and nearby B1, B3, and B4 bus lines supports everyday commuting.
Sold as-is, the property is positioned for buyers looking to make updates and tailor the space to their needs.
Set on a 0.0459-acre lot and totaling 2,812 square feet, the property is located near West 2nd Street and Avenue Y. Access to the N, W, F, and D trains at Avenue U and nearby B1, B3, and B4 bus lines supports everyday commuting.
Sold as-is, the property is positioned for buyers looking to make updates and tailor the space to their needs.
Key Highlights
- R4 zoned duplex on a 0.0459‑acre lot
- 2,812 square feet of total living area
- 6 bedrooms and 3 full bathrooms
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
Property Profile
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
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R4 zoned duplex with garage parking, six bedrooms, and three full bathrooms.
Where is this duplex located?
The property is located at 2538 W 2nd Street 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: R4 zoned duplex on a 0.0459‑acre lot; 2,812 square feet of total living area; 6 bedrooms and 3 full bathrooms
