Semi-Detached Two-Family
For Sale
$1,159,000
2743 Mill Avenue, Brooklyn, NY 11234
MULTI_FAMILY - Brooklyn, NY
Property Size2,397 SF
Lot Size0.05 Acres
Price / SF$483.52
Days on Market76
Property Features for 2743 Mill Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5
Bedrooms
5
Bathrooms
5
Full bathrooms
3
Half bathrooms
1
Rooms
Bedroom 5, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 3
Patio and Porch features
Porch
Interior features
A/C Unit, A/C Unit - Window, Dishwasher, Dryer, Laundry Area, Microwave, Porch, Refrigerator, Stove, Washer
Basement
Full, Finished
Subdivision
Mill Basin
Standard status
Active
Size
2,397 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
11143
Amenities
finished basement
backyard
deck
Building Details
Year built
1960
Floors in Building
3
Number of units
2
Flooring type
Hardwood
Building materials
Brick
Architectural style
Other
Listing Agency:
Brooklyn4U Rltyof DykerHeights
(718) 236-1800
Listed By:
Maria Fabbro
(718) 236-1800
Added: Jun 16
Changed: Aug 3
Last Checked: Aug 30 at 7:06AM
MLS# 502349
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.
Semi-detached two-family duplex at 2743 Mill Avenue with brick construction and hardwood flooring throughout. The main unit is a spacious 3-bedroom duplex with a master suite and a private bath, plus a bright living room and an eat-in kitchen. Sliding doors lead to a large deck, and there is a porch on site. The second unit offers a large 2-bedroom apartment.
The property includes a full finished basement with a separate entrance, private parking for two cars, and a large backyard. Interior features include A/C unit window units, dishwasher, microwave, refrigerator, stove, washer, and dryer.
Built in 1960, the lot is 0.0535 acres and the property size is 2,397 square feet. The property is zoned R5.
The property includes a full finished basement with a separate entrance, private parking for two cars, and a large backyard. Interior features include A/C unit window units, dishwasher, microwave, refrigerator, stove, washer, and dryer.
Built in 1960, the lot is 0.0535 acres and the property size is 2,397 square feet. The property is zoned R5.
Key Highlights
- R5 zoned semi‑detached two‑family duplex with brick construction
- Main unit is a 3‑bedroom duplex with master suite and private bath
- Second unit offers a large 2‑bedroom apartment
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
$83,947
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
7.24%
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%
$1,678,940
$1.7M
Cap Rate 7%
$1,199,243
$1.2M
Cap Rate 9%
$932,744
$932.7K
Market Conditions
NOI Build-Up for 2,397 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
$122.2K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$119.9K $50.03/SF
− OpEx
−$36.0K −$15.01/SF
NOI
$83.9K $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%
$1,678,940
Cap Rate 7%
$1,199,243
Cap Rate 9%
$932,744
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $83,947 @ 7.0% cap · market cap 7.24%
Second Best
Apartment 5plus
$1.05M
$914.7K – $1.22M
NOI $73,178 @ 7.0% cap · market cap 6.31%
Theoretical Best
Specialty Retail
$1.98M
$1.74M – $2.32M
NOI $138,930 @ 7.0% cap · market cap 11.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,261
Businesses Nearby
Explore this area
Business Placement
Demographics for 11234, NY
92,133
Population
35,167
Households
2.6
Avg Household Size
41
Median Age
39%
College-Educated
89%
High-School Grad
7.4 sq mi
ZIP Area
12,450
Density / Sq Mi
$94,434
Median Household Income
$55,206
Median Earnings
$1,771
Median Rent
$746,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - R5 zoned semi-detached two-family duplex with brick construction, hardwood floors, and porch.
Where is this duplex located?
The property is located at 2743 Mill Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,159,000.
What are key features of this property?
This property features: R5 zoned semi‑detached two‑family duplex with brick construction; Main unit is a 3‑bedroom duplex with master suite and private bath; Second unit offers a large 2‑bedroom apartment
