Duplex Home with Shared
For Sale
$965,000
2675 E 27th Street, Brooklyn, NY 11235
SINGLE_FAMILY - Brooklyn, NY
Property Size1,328 SF
Lot Size0.06 Acres
Price / SF$726.66
Days on Market97
Property Features for 2675 E 27th Street
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Sheepshead Bay
Standard status
Active
Size
1,328 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
6691
Building Details
Year built
1905
Floors in Building
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Edge · RE/MAX International
(718) 612-3088
Listed By:
Kelly Wu
(718) 612-3088
Added: May 18
Changed: Aug 4
Last Checked: Aug 22 at 3:06AM
MLS# 501481
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.
Fully-detached duplex home featuring a shared driveway, a spacious backyard with a storage area, and a second-floor layout with three bedrooms and one full bathroom. The first floor includes a bright living room, a formal dining area, and a kitchen. A full basement adds additional space, including another full bathroom, with room for storage, recreation, or other potential uses.
Set on a 26x100 lot with a 16x45 building footprint, the home is wood-frame construction with a shingle roof. Flooring includes hardwood and tile, and interior features include a refrigerator and stove. The property is zoned R4 and was built in 1905.
The well-maintained layout, hardwood floors, and abundant natural light provide a practical configuration for residential living within a duplex structure.
Set on a 26x100 lot with a 16x45 building footprint, the home is wood-frame construction with a shingle roof. Flooring includes hardwood and tile, and interior features include a refrigerator and stove. The property is zoned R4 and was built in 1905.
The well-maintained layout, hardwood floors, and abundant natural light provide a practical configuration for residential living within a duplex structure.
Key Highlights
- R4 zoning duplex with a shared driveway and spacious backyard with storage area
- 26x100 lot with 16x45 building footprint
- Second floor: 3 bedrooms and 1 full bathroom
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
$46,509
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
4.82%
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%
$930,180
$930.2K
Cap Rate 7%
$664,414
$664.4K
Cap Rate 9%
$516,767
$516.8K
Market Conditions
NOI Build-Up for 1,328 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
$67.7K $51.00/SF
− Vacancy
−$1.3K −$0.97/SF
EGI
$66.4K $50.03/SF
− OpEx
−$19.9K −$15.01/SF
NOI
$46.5K $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%
$930,180
Cap Rate 7%
$664,414
Cap Rate 9%
$516,767
Alternative Uses
Best Use
Multifamily LT 5
$664.4K
$581.4K – $775.2K
NOI $46,509 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$579.2K
$506.8K – $675.7K
NOI $40,542 @ 7.0% cap · market cap 4.20%
Theoretical Best
Specialty Retail
$1.10M
$962.1K – $1.28M
NOI $76,971 @ 7.0% cap · market cap 7.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,670
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with R4 zoning features a second-floor layout with three bedrooms and one full bathroom plus a full basement.
Where is this duplex located?
The property is located at 2675 E 27th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $965,000.
What are key features of this property?
This property features: R4 zoning duplex with a shared driveway and spacious backyard with storage area; 26x100 lot with 16x45 building footprint; Second floor: 3 bedrooms and 1 full bathroom
