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Renovated Two-Family Townhouse with Garden
For Sale
$2,850,000
Pending

277 MIDWOOD Street, Brooklyn, NY 11225

Turnkey two-family home with private outdoor space and an independent garden-level one-bedroom apartment.

Property Size3,120 SF
Days on Market146

Property Features for 277 MIDWOOD Street

General Information

Standard status Pending
Size 3,120 SF
Property subtype Multi Family

Additional Details

Multifamily Units 2

Taxes and HOA fees

Annual Taxes $10,620

Building Details

Building Size 3,120 SF
Year Built 1915
Tenancy Multi
Listing Agency: Serhant
Listed By: Alexandra Newman
Source: Howardhannanyc
Added: Jun 4 Changed: Oct 25 Last Checked: Oct 27 at 1:49AM

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 Serhant

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Investment Insights

Based on property information with market context.

A fully renovated two-family townhouse spanning approximately 3,120 interior square feet on a 20-foot-wide lot, paired with more than 1,600 square feet of private outdoor space. The owner’s duplex covers the parlor and upper levels with three bedrooms, two full bathrooms, and a powder room. The parlor floor features an open-concept layout with a sun-filled dining area framed by south-facing bay windows, a restored decorative fireplace, and a custom chef’s kitchen with paneled Sub-Zero and Wolf appliances, custom cabinetry, wine storage, and oversized island seating. A rear living room overlooks the landscaped garden through a wall of windows and opens directly outdoors. Finishes include white oak herringbone flooring, built-in speakers, and central air. Upstairs, the primary suite offers oversized bay windows with built-in seating, a walk-in closet, and a windowed marble bath with skylight and soaking tub, plus two additional bedrooms, a second finished bath, and a dedicated laundry room. A floating staircase leads to a glass-enclosed bulkhead and a private roof deck with built-in lounge seating, water lines for a future wet bar, and speaker hookups.

The garden-level residence is a fully independent one-bedroom apartment with a private entrance, open-concept living and dining, in-unit laundry, a decorative fireplace, and direct backyard access. The layout also allows for an easy conversion to a single-family residence if desired. Located in Prospect Lefferts Gardens, the home is moments from Prospect Park and near Bomberino, Pacha Cafe, Midwood Flats, and Silver Rice, with convenient access to the 2, 5, B, Q, and S trains.

For buyers seeking a turnkey setup, this property offers distinct living spaces that can support owner-occupancy while maintaining a separate income-producing option below. The extensive outdoor areas—garden-level backyard access and a private roof deck—add practical everyday value for entertaining and day-to-day living.

Key Highlights

  • Two‑family townhouse on a 20‑foot‑wide lot with approx. 3,120 interior SF and over 1,600 SF of private outdoor space
  • Owner’s duplex spans parlor and upper levels with 3 bedrooms, 2 full bathrooms, plus a powder room
  • Custom chef’s kitchen with paneled Sub‑Zero and Wolf appliances, custom cabinetry, wine storage, and oversized island seating

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$109,268
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,185,360 $2.2M
Cap Rate 7%
$1,560,971 $1.6M
Cap Rate 9%
$1,214,089 $1.2M
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$159.1K $51.00/SF
− Vacancy
−$3.0K −$0.97/SF
EGI
$156.1K $50.03/SF
− OpEx
−$46.8K −$15.01/SF
NOI
$109.3K $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 Rate 5%
$2,185,360
Cap Rate 7%
$1,560,971
Cap Rate 9%
$1,214,089

Alternative Uses

Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M (±1% cap)
NOI $109,268 @ 7.0% cap · market cap 3.83%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M (±1% cap)
NOI $95,250 @ 7.0% cap · market cap 3.34%
Theoretical Best
Specialty Retail
$2.58M
$2.26M – $3.01M (±1% cap)
NOI $180,835 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

6,851
Businesses Nearby

Demographics for 11225, NY

58,786
Population
26,703
Households
2.2
Avg Household Size
36
Median Age
48%
College-Educated
89%
High-School Grad
0.9 sq mi
ZIP Area
65,318
Density / Sq Mi
$85,201
Median Household Income
$54,639
Median Earnings
$1,733
Median Rent
$1,218,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Turnkey two-family home with private outdoor space and an independent garden-level one-bedroom apartment.
Where is this duplex located?
The property is located at 277 MIDWOOD Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Two‑family townhouse on a 20‑foot‑wide lot with approx. 3,120 interior SF and over 1,600 SF of private outdoor space; Owner’s duplex spans parlor and upper levels with 3 bedrooms, 2 full bathrooms, plus a powder room; Custom chef’s kitchen with paneled Sub‑Zero and Wolf appliances, custom cabinetry, wine storage, and oversized island seating
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