Brick Duplex with Three-Car
For Sale
$1,285,000
2601 Avenue X, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size1,855 SF
Lot Size0.05 Acres
Price / SF$692.72
Days on Market102
Property Features for 2601 Avenue X
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 2
Parking features
Garage
Interior features
A/C Unit, Dishwasher, Dryer, Garage Door Opener(s), Microwave, Refrigerator, Stove, Washer
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,855 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8451
Amenities
washer and dryer
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Hardwood
Building materials
Block, Brick
Roof type
Shingle, Flat
Listing Agency:
RE/MAX Edge · RE/MAX International
Listed By:
Qikang Mei · License #10401207839
(718) 612-3088
Added: Jun 1
Changed: Sep 6
Last Checked: Sep 10 at 1:06AM
MLS# 501914
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 1,855-square-foot brick duplex contains two matching residences, each arranged with 3 bedrooms and 2 full bathrooms. Both units include their own washer and dryer, along with kitchen appliances including a stove, refrigerator, dishwasher, and microwave. Hardwood flooring, air-conditioning units, and separate gas and electric meters serve the property. The building has one heating system and one hot water system.
Exterior features include two driveways, a built-in garage, and parking for up to 3 cars. The roof was replaced 7 years ago. Constructed in 1950, the property occupies a 0.0528-acre lot and is located in Brooklyn near shopping, supermarkets, restaurants, and everyday amenities.
Exterior features include two driveways, a built-in garage, and parking for up to 3 cars. The roof was replaced 7 years ago. Constructed in 1950, the property occupies a 0.0528-acre lot and is located in Brooklyn near shopping, supermarkets, restaurants, and everyday amenities.
Key Highlights
- Two matching units, each with 3 bedrooms and 2 full bathrooms
- 1,855 square feet on a 0.0528‑acre lot
- Separate gas and electric meters for each unit
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
$64,965
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
5.06%
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%
$1,299,300
$1.3M
Cap Rate 7%
$928,071
$928.1K
Cap Rate 9%
$721,833
$721.8K
Market Conditions
NOI Build-Up for 1,855 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
$94.6K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$92.8K $50.03/SF
− OpEx
−$27.8K −$15.01/SF
NOI
$65.0K $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%
$1,299,300
Cap Rate 7%
$928,071
Cap Rate 9%
$721,833
Alternative Uses
Best Use
Multifamily LT 5
$928.1K
$812.1K – $1.08M
NOI $64,965 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$809.0K
$707.9K – $943.9K
NOI $56,631 @ 7.0% cap · market cap 4.41%
Theoretical Best
Specialty Retail
$1.54M
$1.34M – $1.79M
NOI $107,516 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,524
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
Check the figures for this property
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 - Two matching residences provide private laundry, separate utility metering, and practical parking for multifamily occupants.
Where is this duplex located?
The property is located at 2601 Avenue X Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: Two matching units, each with 3 bedrooms and 2 full bathrooms; 1,855 square feet on a 0.0528‑acre lot; Separate gas and electric meters for each unit
