Residential Duplex With Double
37 Celeste Court Brooklyn, NY 11229
37 Celeste Court, Brooklyn, NY, 11229
$600,000
For Sale
$600,000
SINGLE_FAMILY - Brooklyn, NY
Property Size1,358 SF
Lot Size0.08 Acres
Price / SF$441.83
Days on Market272
Property Features for 37 Celeste Court
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- R4
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
- Parking features
- Garage - Detached
- Patio and Porch features
- Deck
- Interior features
- Deck, Dishwasher
- Basement
- Unfinished
- Standard status
- Active
- Size
- 1,358 SF
- Lot size
- 0.08 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2366
Building Details
- Year built
- 1920
- Floors in Building
- 2
- Flooring type
- Linoleum
- Building materials
- Wood Frame
- Architectural style
- Other
Listing agency
Nacmias Realty LLC
(347) 392-6356
Listed by
Helen Lyons
(347) 392-6356
Added: Oct 24, 2025 Updated: Jul 19 at 12:37PM Checked: Jul 22 at 5:06AM
MLS# 496885
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.
Investment Insights
Based on property information with market context.
This offering is a residential duplex property located on a double lot, with an interior described as livable but outdated. The layout provides space for a buyer looking to either move in or renovate over time, with the property positioned as a handyman-oriented opportunity.
The property is zoned R4 and is located in Gerritsen Beach within Brooklyn, NY. The parcel size is listed at approximately 0.082 acres.
The listing also references a property size of 1,358 square feet and is presented for sale at 37 Celeste Court, Brooklyn, NY 11229.
The property is zoned R4 and is located in Gerritsen Beach within Brooklyn, NY. The parcel size is listed at approximately 0.082 acres.
The listing also references a property size of 1,358 square feet and is presented for sale at 37 Celeste Court, Brooklyn, NY 11229.
Key Highlights
- Double‑lot property in Gerritsen Beach with a livable, currently outdated interior
- Wood frame construction with linoleum flooring
- Deck and deck patio/porch features
Local Financial Insights For Multifamily LT 5
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 | $69.3k | $51.00 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $67.9k | $50.03 |
| − OpEx | −$20.4k | −$15.01 |
| NOI | $47.6k | $35.02 |
1,358 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$679.4K
$594.5K – $792.7K
NOI $47,559 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$592.3K
$518.2K – $691.0K
NOI $41,458 @ 7.0% cap · market cap 6.91%
Theoretical Best
Specialty Retail
$1.12M
$983.9K – $1.31M
NOI $78,710 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Livable duplex on a rare double-lot parcel in Gerritsen Beach, offered with an R4 zoning designation.
Where is this duplex located?
The property is located at 37 Celeste Court Brooklyn, NY.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Double‑lot property in Gerritsen Beach with a livable, currently outdated interior; Wood frame construction with linoleum flooring; Deck and deck patio/porch features
