Spacious Two-Family Home in
287 23rd Street Brooklyn, NY 11215
287 23rd Street, Brooklyn, NY, 11215
Contact for pricing
For Sale
Contact for pricing
Pending
Two-family home in Greenwood Heights with income potential.
Property Size2,950 SF
Lot Size0.06 Acres
Days on Market65
Property Features for 287 23rd Street
General Information
- Standard status
- Pending
- Size
- 2,950 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multifamily
Listing agency
Revived Commercial
Listed by
Elysa Berlin · License #10301219469
Source
Crexi
Added: May 19 Updated: Jul 10 at 1:40PM Checked: Jul 22 at 2:55PM
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
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.
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 | $150.5k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $147.6k | $50.03 |
| − OpEx | −$44.3k | −$15.01 |
| NOI | $103.3k | $35.02 |
2,950 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
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 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 - 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.
