Sheepshead Bay Two-Family Brick
2729 Brown St Brooklyn, NY 11235
2729 Brown St, Brooklyn, NY, 11235
$1,129,000
For Sale
$1,129,000
Two-family brick home with parking, backyard, and convenient location.
Property Size2,070 SF
Price / SF$545.41
Days on Market80
Property Features for 2729 Brown St
General Information
- Standard status
- Active
- Size
- 2,070 SF
- Property subtype
- Multi Family
Listing Agency
Ilite Realty Inc
(718) 975-0555
Listed by
Mariya Dovbenyuk
(718) 975-0555
Source
Elliman
Added: Apr 28 Checked: Jul 16 at 10:43 am
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 Ilite Realty Inc
Investment Insights
Based on property information with market context.
This two-family, fully brick home is located in Sheepshead Bay. The property features 4 beds and 2.5 baths within its 2,070 square feet. The first floor includes 1 bed and 1 bath, while the second and third floors offer 3 beds and 1.5 baths. Amenities include a washer, dryer, and dishwasher. The property also has a built-in garage and provides 3 parking spaces. Outdoor features include a private backyard and an oversized porch. The location provides easy access to the Belt Parkway and is close to public transportation, including the BM3, B4, and B44 buses, as well as the B and Q trains. It is also a short distance from Emmons Ave, which offers a selection of restaurants, a marina, and multiple supermarkets. The bike score is 61, indicating it is bikeable. The walk score is 87, indicating it is very walkable. The transit score is 72, indicating excellent transit.
Key Highlights
- Two‑family fully brick home in Sheepshead Bay
- 3 Parking Spaces including built‑in garage
- Private Backyard and Oversized Porch
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 | $105.6k | $51.00 |
| − Vacancy | −$2.0k | −$0.97 |
| EGI | $103.6k | $50.03 |
| − OpEx | −$31.1k | −$15.01 |
| NOI | $72.5k | $35.02 |
2,070 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$906.2K – $1.21M
NOI $72,495 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$902.8K
$789.9K – $1.05M
NOI $63,195 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$1.71M
$1.50M – $2.00M
NOI $119,977 @ 7.0% cap · market cap 10.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family brick home with parking, backyard, and convenient location.
Where is this duplex located?
The property is located at 2729 Brown St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,129,000.
What are key features of this property?
This property features: Two‑family fully brick home in Sheepshead Bay; 3 Parking Spaces including built‑in garage; Private Backyard and Oversized Porch
