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Sheepshead Bay Two-Family Home

2739 Brown Street Brooklyn, NY 11235

Claim this Listing
For Sale
$1,050,000

MULTI_FAMILY - Brooklyn, NY

Type:Duplex
Property size:
2,052 SF
Lot size:
0.04 Acres
Price / SF:
$511/SF
Added:
Mar 12, 2026
Days on Market:
124
Last Refresh:
Jul 13 at 8:06 am

Property Features for 2739 Brown Street

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R3-2
Bedrooms
4
Bathrooms
3
Rooms
Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Crawl Space
Standard status
Active
Size
2,052 SF
Lot size
0.04 Acres

Taxes and HOA fees

Tax Annual Amount
8046

Building Details

Year built
1955
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Carpet, Marble
Building materials
Brick
Roof type
Flat
Architectural style
Other

Listing agent Mei Hua (Michelle) Dong License #10401364256

Listing office RE/MAX Edge 1812 Bath Ave, Brooklyn, NY

Listing date Mar 12, 2026

MLS# 499452 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.


Investment Insights

Based on property information with market context.

Located in the Sheepshead Bay neighborhood, this three-story two-family home offers an opportunity for both end users and investors. The property is configured with a 1-bedroom, 1-bath apartment on the first floor, and a duplex on the second and third floors featuring 3 bedrooms and 1.5 baths. The property includes a crawl-space cellar for storage. Situated near local shopping, restaurants, and Emmons Avenue waterfront, the location provides access to the B and Q subway lines, multiple bus routes, and the Belt Parkway. The lot size is 0.0434 acres. The property size is 2052 square feet. The zoning is R3-2.

Key Highlights

  • Brick 3‑story two‑family home built in 1955
  • 1‑bedroom, 1‑bath apartment on the first floor
  • Second and third floors offer a duplex with 3 bedrooms and 1.5 baths

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 $104.7k $51.00
− Vacancy −$2.0k −$0.97
EGI $102.7k $50.03
− OpEx −$30.8k −$15.01
NOI $71.9k $35.02
2,052 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.03M
$898.3K – $1.20M (±1% cap)
NOI $71,865 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$894.9K
$783.1K – $1.04M (±1% cap)
NOI $62,645 @ 7.0% cap · market cap 5.97%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M (±1% cap)
NOI $118,934 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Parking Lot & Garage Garden Center Catering Service Hotel & Motel Locksmith Barber Shop Acupuncture (Bike/Boat/Book/etc) Store Nursing Home

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-family home in Sheepshead Bay near transportation and amenities.
Where is this duplex located?
The property is located at 2739 Brown Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Brick 3‑story two‑family home built in 1955; 1‑bedroom, 1‑bath apartment on the first floor; Second and third floors offer a duplex with 3 bedrooms and 1.5 baths
Contact an agent
More about this property
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