Spacious Two-Family Home in
For Sale
Contact for pricing
Pending
287 23rd Street, Brooklyn, NY 11215
Two-family home in Greenwood Heights with income potential.
Property Size2,950 SF
Lot Size0.06 Acres
Days on Market163
Property Features for 287 23rd Street
General Information
Standard status
Pending
Size
2,950 SF
Class
A
Lot size
0.06 Acres
Property subtype
Multifamily
Zoning
R6B
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Building Details
Units
3
Tenancy
Multi
Listing Agency:
Revived Commercial
Listed By:
Elysa Berlin · License #10301219469
(929) 379-3750
Source:
Crexi
Added: May 19
Changed: Oct 26
Last Checked: Oct 28 at 5:49AM
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 Revived Commercial
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Investment Insights
Based on property information with market context.
Located in Greenwood Heights, Brooklyn, the property at 287 23rd Street presents an opportunity to own a two-family home. Constructed in 1901, this property offers approximately 2,947 square feet of living space across three levels, situated on a 2,500 square foot lot. The building is configured as a two-bedroom, one-bath unit over a two-bedroom, one-bath reverse duplex, with an additional studio and one bath in the above-grade basement. The layout includes a total of 5 bedrooms and 3 full bathrooms.
Key Highlights
- Spacious two‑family home with approximately 2,947 square feet.
- Located in the desirable Greenwood Heights neighborhood of Brooklyn.
- Versatile layout suitable for end‑users, investors, or multi‑generational living.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,314
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,066,280
$2.1M
Cap Rate 7%
$1,475,914
$1.5M
Cap Rate 9%
$1,147,933
$1.1M
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$150.5K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$147.6K $50.03/SF
− OpEx
−$44.3K −$15.01/SF
NOI
$103.3K $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%
$2,066,280
Cap Rate 7%
$1,475,914
Cap Rate 9%
$1,147,933
Alternative Uses
Best Use
Multifamily LT 5
$1.48M
$1.29M – $1.72M
NOI $103,314 @ 7.0% cap · market cap 8.65%
Second Best
Apartment 5plus
$1.29M
$1.13M – $1.50M
NOI $90,060 @ 7.0% cap · market cap 7.54%
Theoretical Best
Specialty Retail
$2.44M
$2.14M – $2.85M
NOI $170,982 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,488
Businesses Nearby
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Business Placement
Demographics for 11215, NY
67,493
Population
32,197
Households
2.1
Avg Household Size
37
Median Age
80%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
30,679
Density / Sq Mi
$180,773
Median Household Income
$99,151
Median Earnings
$2,803
Median Rent
$1,674,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home in Greenwood Heights with income potential.
Where is this duplex located?
The property is located at 287 23rd Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Spacious two‑family home with approximately 2,947 square feet.; Located in the desirable Greenwood Heights neighborhood of Brooklyn.; Versatile layout suitable for end‑users, investors, or multi‑generational living.
