Brooklyn Duplex with Finished
For Sale
$849,000
Pending
369 Berriman St, Brooklyn, NY 11208
Two 3-bedroom units with finished basement in Brooklyn.
Property Size2,000 SF
Lot Size0.05 Acres
Days on Market335
Property Features for 369 Berriman St
General Information
Standard status
Pending
Size
2,000 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$517
Building Details
Building Size
2,000 SF
Year Built
1901
Units
2
Listing Agency:
Better Assets Realty Corp
Listed By:
Kelly Abichet
(516) 205-9000
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:43AM
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 Better Assets Realty Corp
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 369 Berriman Street features two apartment units, each containing three bedrooms and one full bathroom. A finished basement includes an additional full bathroom. Outdoor space is available with a front patio and a sizable backyard. The property is located in a Brooklyn neighborhood with access to public transportation, shopping centers, and restaurants.
Key Highlights
- Two apartment units, each with 3 bedrooms and 1 full bath.
- Finished basement with an additional full bath.
- Located in Brooklyn with accessible public transportation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,341
Cap Rate
6.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,820
$1.0M
Cap Rate 7%
$733,443
$733.4K
Cap Rate 9%
$570,456
$570.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$76.8K $38.40/SF
− Vacancy
−$3.5K −$1.73/SF
EGI
$73.3K $36.67/SF
− OpEx
−$22.0K −$11.00/SF
NOI
$51.3K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,820
Cap Rate 7%
$733,443
Cap Rate 9%
$570,456
Alternative Uses
Best Use
Multifamily LT 5
$733.4K
$641.8K – $855.7K
NOI $51,341 @ 7.0% cap · market cap 6.05%
Second Best
Apartment 5plus
$653.1K
$571.4K – $761.9K
NOI $45,714 @ 7.0% cap · market cap 5.38%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,663 @ 7.0% cap · market cap 10.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,517
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two 3-bedroom units with finished basement in Brooklyn.
Where is this duplex located?
The property is located at 369 Berriman St 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 apartment units, each with **3 bedrooms and 1 full bath**.; Finished basement with an additional full bath.; Located in Brooklyn with accessible public transportation.
