Brooklyn Two-Family Home with
283 Montauk Avenue Brooklyn, NY 11208
283 Montauk Avenue, Brooklyn, NY, 11208
$1,250,000
For Sale
$1,250,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,000 SF
Lot Size0.04 Acres
Price / SF$625
Days on Market496
Property Features for 283 Montauk Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 3, Basement, Bedroom 1, Bedroom 5, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 2
- Fencing
- Fenced
- Basement
- Full, Finished
- Standard status
- Active
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 3019
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Flooring type
- Hardwood
- Building materials
- Brick
Listing Agency
Keller Williams Landmark II
(347) 846-1200
7535 31st Ave Ste 202, Jackson Heights, NY
Listed by
Shameer Fazal · License #10491207122
(917) 836-3283
Added: Mar 9, 2025 Checked: Jul 18 at 8:06 am
MLS# 833202
Listing URL
Copyright © 2026 OneKey MLS. 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 meticulously maintained all-brick two-family home in Brooklyn offers 2,000 sq. ft. of living space, plus a fully finished basement with high ceilings and a separate front entrance. It features five spacious bedrooms, a home office, and two full baths, blending classic charm with modern updates, including exposed brick accents. The first-floor unit boasts a beautifully updated three-bedroom apartment with a spacious living room and a renovated full bath. The second-floor unit impresses with soaring cathedral ceilings, a large living room, two bedrooms, a home office, and an updated bath, all with stylish, contemporary finishes. The fully finished basement is ideal for a recreation room, home office, or extra storage. The property is designed for convenience with separate heating units for each floor and three gas and three electric meters, ensuring efficiency for multi-family living. Situated in the East New York neighborhood of Brooklyn, this home offers easy access to shopping, dining, schools, and public transportation. The lot size is 0.0367 acres.
Key Highlights
- All‑brick two‑family home with 2,000 sq. ft. of living space and hardwood flooring
- Fully finished basement with high ceilings plus a separate front entrance
- Two full baths and five bedrooms total, including home office space
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 | $76.8k | $38.40 |
| − Vacancy | −$3.5k | −$1.73 |
| EGI | $73.3k | $36.67 |
| − OpEx | −$22.0k | −$11.00 |
| NOI | $51.3k | $25.67 |
2,000 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$733.4K
$641.8K – $855.7K
NOI $51,341 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$653.1K
$571.4K – $761.9K
NOI $45,714 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,663 @ 7.0% cap · market cap 6.85%
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 - Meticulously maintained two-family home in Brooklyn with modern updates.
Where is this duplex located?
The property is located at 283 Montauk Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: All‑brick two‑family home with 2,000 sq. ft. of living space and hardwood flooring; Fully finished basement with high ceilings plus a separate front entrance; Two full baths and five bedrooms total, including home office space
