Two-Family Residential Income
2611 Clarendon Rd Brooklyn, NY 11226
For Sale
Contact for pricing
Vacant legal two-family duplex being offered as-is and requires work.
Property Size1,600 SF
Price / SF$405.63
Days on Market100
Property Features for 2611 Clarendon Rd
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1930
Listing Agency:
GOTHAM REO REALTY INC
(516) 552-8785
Listed By:
Isaac Genosar
Source:
Crexi
Added: Apr 16
Changed: Jul 23
Last Checked: Jul 23 at 8:04AM
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 GOTHAM REO REALTY INC
Investment Insights
Based on property information with market context.
This offering is a legal two-family residential duplex currently vacant and needing repairs. The property is being sold as-is, and it is described as an REO sale.
The seller notes that all information, including taxes, lot size, and the age of the property, is neither guaranteed nor verified and should be independently confirmed.
The transaction is for sale.
The seller notes that all information, including taxes, lot size, and the age of the property, is neither guaranteed nor verified and should be independently confirmed.
The transaction is for sale.
Key Highlights
- Legal 2‑family duplex (vacant) being sold as‑is and requires work
- Year built: 1930
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 | $60.5k | $37.80 |
| − Vacancy | −$2.5k | −$1.59 |
| EGI | $57.9k | $36.21 |
| − OpEx | −$17.4k | −$10.86 |
| NOI | $40.6k | $25.35 |
1,600 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$579.4K
$507.0K – $676.0K
NOI $40,558 @ 7.0% cap · market cap 6.25%
Second Best
Apartment 5plus
$535.8K
$468.9K – $625.2K
NOI $37,509 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$790.8K
$692.0K – $922.6K
NOI $55,357 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Cleaning Services
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Duplex - Vacant legal two-family duplex being offered as-is and requires work.
Where is this duplex located?
The property is located at 2611 Clarendon Rd Brooklyn, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Legal 2‑family duplex (vacant) being sold as‑is and requires work; Year built: 1930
