Flatbush Two-Family Home with
2802 Cortelyou Road Brooklyn, NY 11226
2802 Cortelyou Road, Brooklyn, NY, 11226
$979,000
For Sale
$979,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,568 SF
Lot Size0.04 Acres
Price / SF$624.36
Days on Market63
Property Features for 2802 Cortelyou Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Basement
- Finished
- Standard status
- Active
- Size
- 1,568 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5056
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 2
Listing Agency
Citizens International Realty
(718) 282-6400
3017 Beverly Road, Bklyn, NY
Listed by
Raul Vanrossum
(718) 282-6400
Added: May 16 Checked: Jul 17 at 9:06 am
MLS# 501496
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.
This move-in ready two-family home is situated in Flatbush, close to supermarkets, cafes, and shopping centers. The property features spacious bedrooms and great lighting. Direct access to a two-car garage is available from the basement. The property includes a yard suitable for entertaining. The location is minutes from Kings Theatre on Flatbush Avenue. Commuting is facilitated by the proximity to the #2 and #5 trains, located two blocks away. The lot size is 0.0405 acres. The property size is 1568 square feet. The zoning is R6.
Key Highlights
- Move‑in ready 2‑family home.
- Convenient location: close to supermarkets, cafes, shopping centers, and Kings Theatre.
- Easy Commute: Just two blocks from the #2 and #5 trains.
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 | $59.3k | $37.80 |
| − Vacancy | −$2.5k | −$1.59 |
| EGI | $56.8k | $36.21 |
| − OpEx | −$17.0k | −$10.86 |
| NOI | $39.7k | $25.35 |
1,568 SF · lease $37.80/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.8K
$496.8K – $662.5K
NOI $39,747 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$525.1K
$459.5K – $612.7K
NOI $36,759 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$775.0K
$678.1K – $904.2K
NOI $54,250 @ 7.0% cap · market cap 5.54%
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 - Move-in ready Brooklyn two-family near transit and amenities.
Where is this duplex located?
The property is located at 2802 Cortelyou Road Brooklyn, NY.
What is the asking price?
The asking price for this property is $979,000.
What are key features of this property?
This property features: Move‑in ready 2‑family home.; Convenient location: close to supermarkets, cafes, shopping centers, and Kings Theatre.; Easy Commute: **Just two blocks from the #2 and #5 trains.**
