Two-Family Townhouse with
For Sale
$2,500,000
27 Dikeman Street, Brooklyn, NY 11231
A distinct third-floor residence sits above the owner's duplex, creating a flexible two-unit configuration.
Property Size2,950 SF
Price / SF$847.46
Days on Market12
Property Features for 27 Dikeman Street
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Multi Family
Additional Details
Road Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,034
Amenities
private garden
deck
laundry
Building Details
Building Size
2,950 SF
Year Built
1899
Buildings
1
Tenancy
Single
Listing Agency:
Compass
Listed By:
Ivy Kramp · License #10301208562
(646) 675-5186
Source:
Penrealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 13 at 1:12AM
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 Compass
Investment Insights
Based on property information with market context.
This 2,950-square-foot townhouse, built in 1899, is arranged as an owner's duplex with a separate residence on the third floor. The main unit spans the parlor and lower levels, with living and dining areas, a renovated kitchen, bedroom, office, recreation rooms, laundry, and two full baths. The upper apartment includes a kitchen, living and dining areas, bedroom, den, flexible additional room, and full bath. A deck connects the main level to the garden, which measures approximately 20 by 40 feet and features established plantings and a mature myrtle tree.
Located on Dikeman Street in Red Hook, the property is near waterfront parks and piers, independent shops, galleries, restaurants, and neighborhood destinations including Red Hook Tavern, Sunny's, Pioneer Works, Strong Rope Brewery, IKEA, and Chelsea Garden Center.
Located on Dikeman Street in Red Hook, the property is near waterfront parks and piers, independent shops, galleries, restaurants, and neighborhood destinations including Red Hook Tavern, Sunny's, Pioneer Works, Strong Rope Brewery, IKEA, and Chelsea Garden Center.
Key Highlights
- Two‑unit layout: owner's duplex plus a separate third‑floor residence
- 2,950 square feet; built in 1899
- Garden measures approximately 20 feet by 40 feet, with established plantings and a mature myrtle tree
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,060
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,801,200
$1.8M
Cap Rate 7%
$1,286,571
$1.3M
Cap Rate 9%
$1,000,667
$1.0M
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$167.1K $56.64/SF
− Vacancy
−$3.3K −$1.13/SF
EGI
$163.7K $55.51/SF
− OpEx
−$73.7K −$24.98/SF
NOI
$90.1K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,801,200
Cap Rate 7%
$1,286,571
Cap Rate 9%
$1,000,667
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,060 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.44M
$2.14M – $2.85M
NOI $170,982 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,749
Businesses Nearby
Explore this area
Business Placement
Demographics for 11231, NY
37,240
Population
18,265
Households
2
Avg Household Size
37
Median Age
69%
College-Educated
90%
High-School Grad
1.4 sq mi
ZIP Area
26,600
Density / Sq Mi
$138,485
Median Household Income
$85,791
Median Earnings
$2,474
Median Rent
$1,678,900
Median Home Value
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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?
Multifamily property - A distinct third-floor residence sits above the owner's duplex, creating a flexible two-unit configuration.
Where is this multifamily property located?
The property is located at 27 Dikeman Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Two‑unit layout: owner's duplex plus a separate third‑floor residence; 2,950 square feet; built in 1899; Garden measures approximately 20 feet by 40 feet, with established plantings and a mature myrtle tree
