Duplex with Rear
New
For Sale
$849,000
345 Dewitt Avenue, Brooklyn, NY 11207
Two separate apartments are arranged across the main floors, with a finished basement and private driveway.
Property Size1,672 SF
Lot Size0.07 Acres
Price / SF$507.78
Days on Market5
Property Features for 345 Dewitt Avenue
General Information
Standard status
Active
Size
1,672 SF
Total Parking Spaces
3
Lot size
0.07 Acres
Property subtype
Multi Family
Zoning
R6
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,439
Building Details
Building Size
1,672 SF
Year Built
1910
Buildings
1
Listing Agency:
Century 21 Achievers
Listed By:
Andre Hanniford · License #HANDE791
(718) 758-0600
Source:
Penrealty
Added: Oct 22
Changed: Oct 26
Last Checked: Oct 25 at 2:40AM
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 Century 21 Achievers
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,672 square feet, with a three-bedroom, one-bath apartment above a two-bedroom, one-bath apartment. A finished basement adds interior space. The home measures 22 by 38 feet and sits on a 30-by-100-foot lot zoned R6. A private driveway leads to a rear three-car garage; the property was built in 1910.
Public transportation and Gateway Mall are nearby.
Public transportation and Gateway Mall are nearby.
Key Highlights
- Two apartments: one with three bedrooms and one bath, the other with two bedrooms and one bath
- 1,672 square feet; home measures 22'x38'
- 30'x100' lot with R6 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,556
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,171,120
$1.2M
Cap Rate 7%
$836,514
$836.5K
Cap Rate 9%
$650,622
$650.6K
Market Conditions
NOI Build-Up for 1,672 SF
Gross rent
$85.3K $51.00/SF
− Vacancy
−$1.6K −$0.97/SF
EGI
$83.7K $50.03/SF
− OpEx
−$25.1K −$15.01/SF
NOI
$58.6K $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%
$1,171,120
Cap Rate 7%
$836,514
Cap Rate 9%
$650,622
Alternative Uses
Best Use
Multifamily LT 5
$836.5K
$732.0K – $975.9K
NOI $58,556 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$729.2K
$638.1K – $850.7K
NOI $51,044 @ 7.0% cap · market cap 6.01%
Theoretical Best
Specialty Retail
$1.38M
$1.21M – $1.62M
NOI $96,909 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,957
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
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 - Two separate apartments are arranged across the main floors, with a finished basement and private driveway.
Where is this duplex located?
The property is located at 345 Dewitt Avenue 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 apartments: one with three bedrooms and one bath, the other with two bedrooms and one bath; 1,672 square feet; home measures 22'x38'; 30'x100' lot with R6 zoning
