Brick Two-Family
New
For Sale
$849,000
290 Rockaway Parkway, Brooklyn, NY 11212
Two apartment layouts sit above a walk-in studio level, with garage access and front and rear outdoor areas.
Property Size1,920 SF
Lot Size0.04 Acres
Price / SF$442.19
Days on Market6
Property Features for 290 Rockaway Parkway
General Information
Standard status
Active
Size
1,920 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Units
Unit Mix
1 x 2BR, 1 x 1BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,121
Amenities
built-in garage
private driveway
front yard
backyard
Building Details
Building Size
1,920 SF
Year Built
1930
Buildings
1
Construction
solid brick
Listing Agency:
RE/MAX Edge
Listed By:
Gennadi B. Barmin
(718) 612-3088
Source:
Penrealty
Added: Oct 9
Changed: Oct 11
Last Checked: Oct 13 at 2:44AM
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 RE/MAX Edge
Investment Insights
Based on property information with market context.
Built in 1930, this brick two-family property has a 20’ x 48’ building on a 20’ x 80’ lot. The upper apartment contains two bedrooms and a flex room or office; the middle-level apartment has one bedroom. A ground-level walk-in area includes studio space, a boiler room, and access to the built-in garage. A private driveway adds off-street parking, and the property includes both front and backyard areas. Delivery is vacant at closing.
The property is at 290 Rockaway Pkwy in Brooklyn, near local transportation, shopping, and commercial corridors. WalkScore, TransitScore, and bikeScore are 92, 98, and 67, respectively.
The property is at 290 Rockaway Pkwy in Brooklyn, near local transportation, shopping, and commercial corridors. WalkScore, TransitScore, and bikeScore are 92, 98, and 67, respectively.
Key Highlights
- Two‑family brick property built in 1930
- 20’ x 48’ building on a 20’ x 80’ lot
- Upper apartment has 2 bedrooms and a flex room/office; middle‑level apartment has 1 bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,242
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,840
$1.3M
Cap Rate 7%
$960,600
$960.6K
Cap Rate 9%
$747,133
$747.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$97.9K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.1K $50.03/SF
− OpEx
−$28.8K −$15.01/SF
NOI
$67.2K $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%
$1,344,840
Cap Rate 7%
$960,600
Cap Rate 9%
$747,133
Alternative Uses
Best Use
Multifamily LT 5
$960.6K
$840.5K – $1.12M
NOI $67,242 @ 7.0% cap · market cap 7.92%
Second Best
Apartment 5plus
$837.4K
$732.7K – $976.9K
NOI $58,616 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M
NOI $111,283 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two apartment layouts sit above a walk-in studio level, with garage access and front and rear outdoor areas.
Where is this duplex located?
The property is located at 290 Rockaway Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Two‑family brick property built in 1930; 20’ x 48’ building on a 20’ x 80’ lot; Upper apartment has 2 bedrooms and a flex room/office; middle‑level apartment has 1 bedroom
