Brick Duplex with
New
For Sale
$1,295,000
2924 86th Street, Brooklyn, NY 11223
Residential, Brooklyn, NY
Property Size3,150 SF
Lot Size0.05 Acres
Price / SF$411.11
Days on Market1
Property Features for 2924 86th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R5
Bedrooms
6
Bathrooms
2
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 2, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 5, Bedroom 3, Bedroom 1, Bathroom 1
Parking features
Garage
Interior features
Refrigerator, Stove
Basement
Finished, Full
Subdivision
Gravesend
Standard status
Active
Size
3,150 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
5038
Building Details
Year built
1965
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Ceramic, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
RE/MAX Real Estate Professiona
Listed By:
Billy Apter
(718) 532-2000
Added: Oct 22
Last Checked: Oct 22 at 7:06PM
MLS# 505355
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,150-square-foot brick duplex in Brooklyn is arranged across three stories and includes a garage, private driveway, and full basement. The property was built in 1965 and sits on a 0.0492-acre lot. R5 zoning is reported for the site.
Key Highlights
- 3,150‑square‑foot building
- Three‑story brick construction
- Garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,318
Cap Rate
8.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,206,360
$2.2M
Cap Rate 7%
$1,575,971
$1.6M
Cap Rate 9%
$1,225,756
$1.2M
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$160.7K $51.00/SF
− Vacancy
−$3.1K −$0.97/SF
EGI
$157.6K $50.03/SF
− OpEx
−$47.3K −$15.01/SF
NOI
$110.3K $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%
$2,206,360
Cap Rate 7%
$1,575,971
Cap Rate 9%
$1,225,756
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,318 @ 7.0% cap · market cap 8.52%
Second Best
Apartment 5plus
$1.37M
$1.20M – $1.60M
NOI $96,166 @ 7.0% cap · market cap 7.43%
Theoretical Best
Specialty Retail
$2.61M
$2.28M – $3.04M
NOI $182,574 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,891
Businesses Nearby
Explore this area
Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The three-story residence includes a private driveway and a full basement.
Where is this duplex located?
The property is located at 2924 86th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 3,150‑square‑foot building; Three‑story brick construction; Garage and private driveway
