Brick Two-Family
For Sale
$959,000
Pending
2839 Linden Boulevard, Brooklyn, NY 11208
Residential Income, Brooklyn, NY
Property Size1,640 SF
Lot Size0.07 Acres
Days on Market140
Property Features for 2839 Linden Boulevard
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bedroom 5
Interior features
Entrance Foyer
Subdivision
Jewel Streets
View
City
Standard status
Pending
Size
1,640 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
7824
Utilities
Heating system
Natural Gas, Forced Air, Baseboard
Water source
Public
Amenities
backyard
Building Details
Year built
2009
Floors in Building
2
Flooring type
Tile, Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
THE HIGGINS REALTY GROUP
(347) 533-4832
Listed By:
Conrad W. Higgins
(917) 776-2044
Added: Apr 24
Changed: Sep 10
Last Checked: Sep 10 at 10:06PM
MLS# 11732768
Copyright © 2026 My State 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 semidetached duplex was built in 2009 and contains two separately accessed apartment units. The upper apartment has two bedrooms, a full bathroom, living room, and kitchen, while the first-floor apartment includes three bedrooms, a full bathroom, living room, and kitchen. The finished basement adds two bonus rooms, a full bathroom, and a separate backyard entrance. The property measures 1,640 square feet on a 0.0689-acre lot and features brick construction, hardwood and tile flooring, forced-air and baseboard heating, natural gas service, public water, and an asphalt roof.
The fenced backyard includes a driveway with two parking spaces connected to a community drive. An additional front parking space may be possible with permits for tree removal and sidewalk work. The property is located in Brooklyn, NY, near B15 bus service, shopping, restaurants, gyms, supermarkets, Gateway Mall, and Shirley Chisholm Park.
The fenced backyard includes a driveway with two parking spaces connected to a community drive. An additional front parking space may be possible with permits for tree removal and sidewalk work. The property is located in Brooklyn, NY, near B15 bus service, shopping, restaurants, gyms, supermarkets, Gateway Mall, and Shirley Chisholm Park.
Key Highlights
- Two‑family duplex built in 2009
- 1,640 square feet on a 0.0689‑acre lot
- Two‑bedroom upper unit and three‑bedroom first‑floor unit
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
$42,099
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
4.39%
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%
$841,980
$842.0K
Cap Rate 7%
$601,414
$601.4K
Cap Rate 9%
$467,767
$467.8K
Market Conditions
NOI Build-Up for 1,640 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
$63.0K $38.40/SF
− Vacancy
−$2.8K −$1.73/SF
EGI
$60.1K $36.67/SF
− OpEx
−$18.0K −$11.00/SF
NOI
$42.1K $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%
$841,980
Cap Rate 7%
$601,414
Cap Rate 9%
$467,767
Alternative Uses
Best Use
Multifamily LT 5
$601.4K
$526.2K – $701.7K
NOI $42,099 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$535.5K
$468.6K – $624.8K
NOI $37,486 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$1.00M
$878.0K – $1.17M
NOI $70,243 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,727
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Semidetached layout provides separate access for each apartment and a finished lower level with its own exterior entry.
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 $959,000.
What are key features of this property?
This property features: Two‑family duplex built in 2009; 1,640 square feet on a 0.0689‑acre lot; Two‑bedroom upper unit and three‑bedroom first‑floor unit
