Renovated Multi-Family Brooklyn
2704 Avenue Z, Brooklyn, NY 11235
New
MULTI_FAMILY - Brooklyn, NY
Property size:
3,180 SFLot size:
0.05 AcresPrice / SF:
$502/SF- Added:
- May 28, 2026
- Days on Market:
- 4
- Last Refresh:
- May 31 at 12:06 am
Property Features for 2704 Avenue Z
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 4
- Parking features
- Garage
- Interior features
- Central Air - Split, Dishwasher, Dryer, Refrigerator, Stove, Terrace, Washer
- Basement
- Finished
- Standard status
- Active
- Size
- 3,180 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 11899
Building Details
- Year built
- 1955
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Hardwood, Marble
- Building materials
- Brick
- Roof type
- Rubber
Listing agent Michelle J. Zhang (718) 612-3088
Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY (718) 612-3088
Listing date May 28, 2026
MLS# 501828
Listing URL
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.
HighLights
- Fully renovated multi‑family brick home in a desirable South Brooklyn location, offering both comfort and investment potential.
- Finished basement with private entrance, full bathroom, laundry, and backyard access, suitable for recreation, entertaining, or extended family.
- Spacious two‑bedroom apartment with updated eat‑in kitchen, split A/C systems, and access to outdoor space.
- Comprehensive renovation five years ago, including reinforced floor systems and quality construction upgrades, ensuring structural integrity.
- One‑car garage, beautifully maintained backyard, and private garden area.
- Three separate electric meters and 3‑zone heating system.
Overview
This renovated brick multi-family home is located in a desirable South Brooklyn neighborhood, near schools, shopping, restaurants, and public transportation, with convenient access to the Belt Parkway. The property features a fully finished level with a private entrance, additional space, a full bathroom, a laundry area, and direct access to the backyard. This versatile open layout is suitable for recreation, entertaining, a fitness area, or extended family living. The property also includes a one-car garage, a maintained backyard, and a private garden area. The second floor offers a two-bedroom apartment featuring a large living room, hardwood floors, an updated eat-in kitchen with a dining area, split A/C systems for heating and cooling, and access to outdoor space. The top floor features an expansive layout with generous bedroom accommodations, a large open living area, an eat-in kitchen, ample closet space, and a flexible floor plan. The property, built with craftsmanship and durability, underwent a renovation approximately five years ago, including reinforced floor systems and construction upgrades. The owners invested in strengthening and modernizing the property, creating a residence with structural integrity and lasting value. Additional highlights include a renovated interior and exterior, a newer roof, three separate electric meters, a 3-zone heating system, natural light, high ceilings, marble finishes, upgraded floor systems, private backyard access, and move-in ready condition. The lot size is 0.0459 acres and the property size is 3,180 square feet.
Local 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 | $162.2k | $51.00 |
| − Vacancy | −$3.1k | −$0.97 |
| EGI | $159.1k | $50.03 |
| − OpEx | −$47.7k | −$15.01 |
| NOI | $111.4k | $35.02 |
3,180 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.59M
$1.39M – $1.86M
NOI $111,369 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $97,082 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$2.63M
$2.30M – $3.07M
NOI $184,313 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.94242
- Latitude
- 40.589027
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Renovated multi-family home near schools, shopping, and transportation.
Where is this duplex located?
The property is located at 2704 Avenue Z Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Fully renovated multi‑family brick home in a desirable South Brooklyn location, offering both comfort and investment potential.; Finished basement with private entrance, full bathroom, laundry, and backyard access, suitable for recreation, entertaining, or extended family.; Spacious two‑bedroom apartment with updated eat‑in kitchen, split A/C systems, and access to outdoor space.
