Brick Duplex with Detached
282 Avenue W, Brooklyn, NY 11223
For Sale
New
$1,799,000
Residential, Brooklyn, NY
Property Size3,700 SF
Lot Size0.07 Acres
Price / SF$486.22
Days on Market1
Property Features for 282 Avenue W
General Information
Property type
Property subtype
Bathrooms
Full bathrooms
Rooms
Parking features
Basement
Subdivision
Standard status
Size
Lot size
Building Details
Building materials
Roof type
Buildings
Listing Agency:
Wolf Properties Inc
Listed By:
Vincent E. Salino
(718) 382-9653
Added: Nov 6
Last Checked: Nov 6 at 11:06PM
MLS# 505894
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.
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Investment Insights
Based on property information with market context.
This brick duplex contains two apartments, each with three bedrooms and one bathroom. The full basement is unfinished and includes a full bathroom. The building measures approximately 3,700 square feet and has a flat roof. A detached private garage provides parking for two cars.
At 282 Avenue W in Brooklyn, the irregular lot measures 0.0749 acres and widens toward the rear. Its dimensions are 22 feet at the front, 42 feet at the rear, and 104 feet deep. The building footprint also widens, from 18 feet to 25 feet, and extends 62 feet deep.
At 282 Avenue W in Brooklyn, the irregular lot measures 0.0749 acres and widens toward the rear. Its dimensions are 22 feet at the front, 42 feet at the rear, and 104 feet deep. The building footprint also widens, from 18 feet to 25 feet, and extends 62 feet deep.
Key Highlights
- Two apartments, each with 3 bedrooms and 1 bathroom
- Approximately 3,700 square feet of building area
- Full unfinished basement with a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,580
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,591,600
$2.6M
Cap Rate 7%
$1,851,143
$1.9M
Cap Rate 9%
$1,439,778
$1.4M
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$188.7K $51.00/SF
− Vacancy
−$3.6K −$0.97/SF
EGI
$185.1K $50.03/SF
− OpEx
−$55.5K −$15.01/SF
NOI
$129.6K $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%
$2,591,600
Cap Rate 7%
$1,851,143
Cap Rate 9%
$1,439,778
Alternative Uses
Best Use
Multifamily LT 5
$1.85M
$1.62M – $2.16M
NOI $129,580 @ 7.0% cap · market cap 7.20%
Second Best
Apartment 5plus
$1.61M
$1.41M – $1.88M
NOI $112,957 @ 7.0% cap · market cap 6.28%
Theoretical Best
Specialty Retail
$3.06M
$2.68M – $3.57M
NOI $214,452 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,870
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom apartments sit above a full unfinished basement with an additional bathroom.
Where is this duplex located?
The property is located at 282 Avenue W Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 1 bathroom; Approximately 3,700 square feet of building area; Full unfinished basement with a full bathroom
