Duplex with Private
New
For Sale
$849,000
345 Dewitt Avenue, Brooklyn, NY 11207
Residential, Brooklyn, NY
Property Size1,672 SF
Lot Size0.07 Acres
Price / SF$507.78
Days on Market2
Property Features for 345 Dewitt Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 1
Parking features
Garage - Detached
Interior features
A/C Unit - Window, Laundry Area, Microwave, Refrigerator
Basement
Full, Finished
Subdivision
East New York
Standard status
Active
Size
1,672 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Annual Amount
2439
Building Details
Year built
1910
Floors in Building
2
Number of units
2
Flooring type
Hardwood, Tile
Building materials
Wood Frame
Roof type
Rubber
Buildings
1
Listing Agency:
Century 21 Achievers
Listed By:
Andre Hanniford
(718) 758-0600
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# 505562
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 two-family duplex contains a three-bedroom, one-bath apartment above a two-bedroom, one-bath apartment. A full finished basement adds interior space, and the home measures 22'x38' on a 30'x100' lot. The property totals 1,672 square feet and was built in 1910. Interior features include window-unit A/C, a laundry area, microwave, refrigerator, hardwood and tile flooring, and closet space. The structure has wood-frame construction and a rubber roof.
A private driveway leads to a detached three-car garage at the rear. The property is zoned R6 and is near Gateway Mall and transportation options.
A private driveway leads to a detached three-car garage at the rear. The property is zoned R6 and is near Gateway Mall and transportation options.
Key Highlights
- Two‑family layout with three‑bedroom and two‑bedroom apartments, each with one bathroom
- Full finished basement
- 30'x100' lot with a 22'x38' home
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,957
Businesses Nearby
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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 apartments with a finished basement, private driveway, and detached garage provide a multi-unit residential configuration.
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‑family layout with three‑bedroom and two‑bedroom apartments, each with one bathroom; Full finished basement; 30'x100' lot with a 22'x38' home
