Brooklyn Two-Family Residence For
For Sale
$1,100,000
Pending
28 Paerdegat 9th St, Brooklyn, NY 11236
Well-maintained, turnkey 2-family residence in Canarsie neighborhood, Brooklyn.
Property Size2,375 SF
Lot Size0.05 Acres
Days on Market232
Property Features for 28 Paerdegat 9th St
General Information
Standard status
Pending
Size
2,375 SF
Lot size
0.05 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,965
Building Details
Building Size
2,375 SF
Year Built
1965
Stories
2
Listing Agency:
Lamar M Collins
Listed By:
Lamar M. Collins · License #967038
(718) 570-5131
Source:
Elliman
Added: Mar 10
Changed: Oct 26
Last Checked: Oct 26 at 3:59PM
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 Lamar M Collins
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a two-family residence located in the Canarsie neighborhood of Brooklyn. The two-story home has a solid brick exterior. The gross building area is 2,375 square feet, situated on a 19.83' x 100' lot. The property features an abundance of natural light and gleaming hardwood floors. It has been updated with a new roof, modern boiler, and a hot water tank.
Key Highlights
- Turnkey 2‑family residence in desirable Canarsie neighborhood.
- Income‑generating potential.
- Solid brick, two‑story construction.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,177
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,663,540
$1.7M
Cap Rate 7%
$1,188,243
$1.2M
Cap Rate 9%
$924,189
$924.2K
Market Conditions
NOI Build-Up for 2,375 SF
Gross rent
$121.1K $51.00/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$118.8K $50.03/SF
− OpEx
−$35.6K −$15.01/SF
NOI
$83.2K $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%
$1,663,540
Cap Rate 7%
$1,188,243
Cap Rate 9%
$924,189
Alternative Uses
Best Use
Multifamily LT 5
$1.19M
$1.04M – $1.39M
NOI $83,177 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$1.04M
$906.3K – $1.21M
NOI $72,506 @ 7.0% cap · market cap 6.59%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.29M
NOI $137,655 @ 7.0% cap · market cap 12.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,132
Businesses Nearby
Explore this area
Business Placement
Demographics for 11236, NY
100,687
Population
37,002
Households
2.7
Avg Household Size
40
Median Age
28%
College-Educated
88%
High-School Grad
3.6 sq mi
ZIP Area
27,969
Density / Sq Mi
$82,813
Median Household Income
$50,244
Median Earnings
$1,637
Median Rent
$710,300
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
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained, turnkey 2-family residence in Canarsie neighborhood, Brooklyn.
Where is this duplex located?
The property is located at 28 Paerdegat 9th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Turnkey 2‑family residence in desirable Canarsie neighborhood.; Income‑generating potential.; Solid brick, two‑story construction.
