Duplex with Two
New
For Sale
$1,299,000
2622 Mill Ave, Brooklyn, NY 11234
The two-family residence includes separate heating and cooling systems for its units.
Property Size2,464 SF
Price / SF$1,018
Days on Market4
Property Features for 2622 Mill Ave
General Information
Standard status
Active
Size
2,464 SF
Total Parking Spaces
4
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$11,707
Amenities
chef's kitchens
state of the art appliances
quartz counter tops
granite fireplace
European bathrooms
hardwood floors
backyard
separate HVAC systems
Building Details
Building Size
2,464 SF
Year Built
1965
Buildings
1
Stories
2
Listing Agency:
Bergen Basin Realty
Listed By:
Sara Levy
(718) 763-4110
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 9:58AM
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 Bergen Basin Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1965, this semi-attached duplex measures 22 feet wide by 58 feet long. The two-family layout includes two kitchens with modern appliances and quartz countertops, four renovated bathrooms, hardwood floors, and a granite fireplace. Each unit has its own central air-conditioning and heating system.
The property also offers a private four-car driveway and a backyard. Houses of worship and public transportation are a short distance away; the listed transit score is 73, and the walk score is 67.
The property also offers a private four-car driveway and a backyard. Houses of worship and public transportation are a short distance away; the listed transit score is 73, and the walk score is 67.
Key Highlights
- Semi‑attached two‑family duplex with two kitchens
- Building measures 22 feet wide by 58 feet long
- Four renovated bathrooms and two separate central air‑conditioning and heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,688
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$893,760
$893.8K
Cap Rate 7%
$638,400
$638.4K
Cap Rate 9%
$496,533
$496.5K
Market Conditions
NOI Build-Up for 1,276 SF
Gross rent
$65.1K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$63.8K $50.03/SF
− OpEx
−$19.2K −$15.01/SF
NOI
$44.7K $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%
$893,760
Cap Rate 7%
$638,400
Cap Rate 9%
$496,533
Alternative Uses
Best Use
Multifamily LT 5
$638.4K
$558.6K – $744.8K
NOI $44,688 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$556.5K
$486.9K – $649.3K
NOI $38,955 @ 7.0% cap · market cap 3.00%
Theoretical Best
Specialty Retail
$1.06M
$924.5K – $1.23M
NOI $73,957 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two-family residence includes separate heating and cooling systems for its units.
Where is this duplex located?
The property is located at 2622 Mill Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Semi‑attached two‑family duplex with two kitchens; Building measures 22 feet wide by 58 feet long; Four renovated bathrooms and two separate central air‑conditioning and heating systems
