Brick Two-Family
New
For Sale
$1,050,000
2648 Hubbard Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size1,750 SF
Lot Size0.05 Acres
Price / SF$600
Days on Market3
Property Features for 2648 Hubbard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 1
Parking features
Garage
Interior features
Refrigerator, Stove
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,750 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
8254
Amenities
back yard
deck
Building Details
Year built
1935
Floors in Building
2
Number of units
2
Flooring type
Tile, Hardwood
Building materials
Brick
Buildings
1
Listing Agency:
ProBase Real Estate
Listed By:
Xi Xian (Johnny) Pan · License #XXP4124
(718) 210-2727
Added: Oct 31
Last Checked: Nov 2 at 6:06AM
MLS# 505749
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.
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Investment Insights
Based on property information with market context.
This 1935 brick duplex contains 1,750 square feet across two residences, each arranged with two bedrooms, a living room, kitchen, and full bathroom. The upper residence has a deck, and both units can access the backyard. A built-in garage and private driveway provide two parking spaces. The property occupies 0.0469 acres and is zoned R4.
Located in Brooklyn’s Sheepshead Bay area, the property is near Coney Island Hospital, shops, and restaurants. Nearby public transportation includes the B and Q trains and the B1, B4, and B36 bus routes.
Located in Brooklyn’s Sheepshead Bay area, the property is near Coney Island Hospital, shops, and restaurants. Nearby public transportation includes the B and Q trains and the B1, B4, and B36 bus routes.
Key Highlights
- Two residences, each with a two‑bedroom layout
- 1,750 square feet on a 0.0469‑acre lot
- Built in 1935; brick construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,288
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,225,760
$1.2M
Cap Rate 7%
$875,543
$875.5K
Cap Rate 9%
$680,978
$681.0K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$89.3K $51.00/SF
− Vacancy
−$1.7K −$0.97/SF
EGI
$87.6K $50.03/SF
− OpEx
−$26.3K −$15.01/SF
NOI
$61.3K $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%
$1,225,760
Cap Rate 7%
$875,543
Cap Rate 9%
$680,978
Alternative Uses
Best Use
Multifamily LT 5
$875.5K
$766.1K – $1.02M
NOI $61,288 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$763.2K
$667.8K – $890.4K
NOI $53,426 @ 7.0% cap · market cap 5.09%
Theoretical Best
Specialty Retail
$1.45M
$1.27M – $1.69M
NOI $101,430 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,776
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a full bathroom, and access to outdoor space.
Where is this duplex located?
The property is located at 2648 Hubbard Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Two residences, each with a two‑bedroom layout; 1,750 square feet on a 0.0469‑acre lot; Built in 1935; brick construction
