Duplex Property with Rooftop
For Sale
$6,180,000
2711 E 26th Street, Brooklyn, NY 11235
Residential, Brooklyn, NY
Property Size8,912 SF
Lot Size0.21 Acres
Price / SF$693.45
Days on Market109
Property Features for 2711 E 26th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R4
Bedrooms
8
Bathrooms
8
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 7, Bedroom 5, Bathroom 4, Bathroom 3, Bathroom 7, Bedroom 1, Bathroom 8, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 8, Bathroom 6, Bathroom 5
Parking features
Garage
Interior features
Pool, Refrigerator, Stove
Basement
Finished, Full
Subdivision
Sheepshead Bay
Standard status
Active
Size
8,912 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Annual Amount
51182
Amenities
elevator
rooftop deck
koi pond and waterfall
custom Italian kitchens
Sub-Zero and Miele appliances
radiant heated floors
washers and dryers
premium tile finishes
swimming pool
gym
sauna
steam room
jacuzzi
chiller system
smart-home integration
wraparound balconies
fireplace
entertainment lounge
Building Details
Year built
2011
Floors in Building
3
Number of units
2
Flooring type
Granite, Tile
Building materials
Brick
Roof type
Flat, Metal
Listing Agency:
Tiger Realty
Listed By:
Ken Zheng
(917) 708-9966
Added: Jun 16
Changed: Sep 16
Last Checked: Oct 2 at 6:06AM
MLS# 502365
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.
This two-family property contains 8,912 square feet across a fully finished basement, multiple residential levels, and a rooftop deck. The entrance level includes a foyer, two elevators, an entertainment lounge with fireplace, and access to a landscaped backyard with a koi pond and waterfall. Wraparound balconies extend across the second and third floors, while both units include custom Italian kitchens, Sub-Zero and Miele appliances, radiant heated floors, washers, dryers, and premium tile finishes.
The lower level is configured as a private wellness area with an in-ground swimming pool, gym, sauna, steam room, jacuzzi, and chiller system. Smart-home features include surveillance, intercoms, speakers, and climate control. Additional property details include garage parking, R4 zoning, a 0.2067-acre lot, and a 2011 construction year.
The lower level is configured as a private wellness area with an in-ground swimming pool, gym, sauna, steam room, jacuzzi, and chiller system. Smart-home features include surveillance, intercoms, speakers, and climate control. Additional property details include garage parking, R4 zoning, a 0.2067-acre lot, and a 2011 construction year.
Key Highlights
- Two‑family duplex property with 8,912 square feet
- Two elevators serving the residence
- Rooftop deck with water views and wraparound balconies
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
$312,113
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
5.05%
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%
$6,242,260
$6.2M
Cap Rate 7%
$4,458,757
$4.5M
Cap Rate 9%
$3,467,922
$3.5M
Market Conditions
NOI Build-Up for 8,912 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
$454.5K $51.00/SF
− Vacancy
−$8.6K −$0.97/SF
EGI
$445.9K $50.03/SF
− OpEx
−$133.8K −$15.01/SF
NOI
$312.1K $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%
$6,242,260
Cap Rate 7%
$4,458,757
Cap Rate 9%
$3,467,922
Alternative Uses
Best Use
Multifamily LT 5
$4.46M
$3.90M – $5.20M
NOI $312,113 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$3.89M
$3.40M – $4.53M
NOI $272,074 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$7.38M
$6.46M – $8.61M
NOI $516,540 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,670
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
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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?
Duplex - Two residences feature custom kitchens, wellness amenities, and integrated home technology.
Where is this duplex located?
The property is located at 2711 E 26th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $6,180,000.
What are key features of this property?
This property features: Two‑family duplex property with 8,912 square feet; Two elevators serving the residence; Rooftop deck with water views and wraparound balconies
