Brooklyn Two-Family Home For
353 Pennsylvania Avenue Brooklyn, NY 11207
For Sale
$989,999
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size2,700 SF
Lot Size0.05 Acres
Days on Market512
Property Features for 353 Pennsylvania Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 7
- Parking
- 1
- Basement
- Full, Walk-Out Access, Finished
- Standard status
- Pending
- APN
- 03772-0015
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2770
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Cooling system
- Varies by Unit, Electric
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Building materials
- Brownstone
Listing Agency:
EXP Realty
(888) 276-0630
Listed By:
Mahir Sadman SFR
(347) 771-7288
Added: Feb 27, 2025
Changed: Jul 17
Last Checked: Jul 24 at 8:06AM
MLS# 828913
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained legal two-family brick home on Pennsylvania Avenue in Brooklyn features 6 bedrooms and 3 baths, offering space, convenience, and investment potential. The property is situated near the Jackie Robinson Parkway, with access to the subway, buses, shopping, and hospitals. The home includes 2,700 square feet of interior space, featuring a three-bedroom, one-bath unit over another three-bedroom, one-bath unit, along with a full finished walk-out basement. The property has solid brick construction and has been recently updated in many areas and is in excellent condition throughout. Hardwood floors run throughout the home, and large windows invite natural light. A private one-car garage offers secure parking, and the spacious private yard provides a setting for relaxation or entertaining. Additional storage space is available with a dedicated storage room. Practical features include separate boilers and water heaters for each unit, as well as three electric meters. The property is located on a lot of 0.0459 acres. This home is suitable for comfortable residence with rental income potential or as an investment property.
Key Highlights
- Legal two‑family home with two separate 3‑bedroom/1‑bath units and a full finished walk‑out basement
- 2,700 sq ft interior space in a solid brick/brownstone construction built in 1901
- Separate boilers and water heaters for each unit, plus three electric meters for the multi‑family setup
Financial Insights For Apartment 5plus
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 | $152.9k | $56.64 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $149.9k | $55.51 |
| − OpEx | −$67.4k | −$24.98 |
| NOI | $82.4k | $30.53 |
2,700 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.35M
$1.18M – $1.58M
NOI $94,559 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.37M
NOI $82,428 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained 6-bedroom, 3-bath two-family home in Brooklyn.
Where is this duplex located?
The property is located at 353 Pennsylvania Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $989,999.
What are key features of this property?
This property features: Legal two‑family home with two separate 3‑bedroom/1‑bath units and a full finished walk‑out basement; 2,700 sq ft interior space in a solid brick/brownstone construction built in 1901; Separate boilers and water heaters for each unit, plus three electric meters for the multi‑family setup
