Semi-Detached Two-Family
For Sale
Contact for pricing
2839 Linden Boulevard, Brooklyn, NY 11208
Well-maintained semi-detached two-family home built in 2009 with separate front entrances and a finished basement.
Property Size3,000 SF
Price / SF$299.67
Days on Market108
Property Features for 2839 Linden Boulevard
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Mixed Use
Building Details
Year Built
2009
Listing Agency:
HIGGINS REALTY GROUP LLC
(347) 533-4832
Listed By:
Conrad Higgins
Source:
Crexi
Added: Apr 28
Changed: Aug 8
Last Checked: Jul 22 at 2:55AM
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 HIGGINS REALTY GROUP LLC
Investment Insights
Based on property information with market context.
New to the market, this well-maintained semi-detached two-family home was built in 2009 and offers two separate front entrances for each apartment unit. The property includes a finished full basement with a separate back entrance, featuring two bonus rooms and a full bathroom.
The top floor unit has two bedrooms, a living room, a kitchen, and a full bathroom. The first-floor unit features three bedrooms with a living room, a kitchen, and a full bathroom. The backyard is fenced with a PVC fence and includes a driveway for two parking spaces tied to a community drive.
Additional parking opportunity is described at the front of the home, though the remarks note that a permit is required to remove a tree and to cut the sidewalk. The B15 bus is indicated as being in close proximity, connecting to JFK and other bus routes that lead to various trains, with nearby shopping, dining, gyms, supermarkets, Brooklyn’s Gateway Mall, and Shirley Chisholm Park for recreation.
The top floor unit has two bedrooms, a living room, a kitchen, and a full bathroom. The first-floor unit features three bedrooms with a living room, a kitchen, and a full bathroom. The backyard is fenced with a PVC fence and includes a driveway for two parking spaces tied to a community drive.
Additional parking opportunity is described at the front of the home, though the remarks note that a permit is required to remove a tree and to cut the sidewalk. The B15 bus is indicated as being in close proximity, connecting to JFK and other bus routes that lead to various trains, with nearby shopping, dining, gyms, supermarkets, Brooklyn’s Gateway Mall, and Shirley Chisholm Park for recreation.
Key Highlights
- Semi‑detached two‑family home built in 2009 in East New York, Brooklyn
- Two separate front entrances for each unit
- Top‑floor unit features 2 bedrooms plus living room, kitchen, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,011
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,540,220
$1.5M
Cap Rate 7%
$1,100,157
$1.1M
Cap Rate 9%
$855,678
$855.7K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$115.2K $38.40/SF
− Vacancy
−$5.2K −$1.73/SF
EGI
$110.0K $36.67/SF
− OpEx
−$33.0K −$11.00/SF
NOI
$77.0K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,540,220
Cap Rate 7%
$1,100,157
Cap Rate 9%
$855,678
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$962.6K – $1.28M
NOI $77,011 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$979.6K
$857.1K – $1.14M
NOI $68,571 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,494 @ 7.0% cap · market cap 14.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,507
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained semi-detached two-family home built in 2009 with separate front entrances and a finished basement.
Where is this duplex located?
The property is located at 2839 Linden Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Semi‑detached two‑family home built in 2009 in East New York, Brooklyn; Two separate front entrances for each unit; Top‑floor unit features 2 bedrooms plus living room, kitchen, and a full bathroom
