Two-Family Duplex with Covered
New
For Sale
$895,000
3848 LAUREL Ave, Brooklyn, NY 11224
Two distinct residences are complemented by landscaped outdoor areas, a private terrace, and a detached garage.
Property Size814 SF
Lot Size0.09 Acres
Days on Market3
Property Features for 3848 LAUREL Ave
General Information
Standard status
Active
Size
814 SF
Total Parking Spaces
1
Lot size
0.09 Acres
Property subtype
Multi Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,972
Amenities
landscaped grounds
koi pond
private backyard
covered outdoor seating area
private covered terrace
in-home laundry
Building Details
Building Size
814 SF
Year Built
1910
Buildings
1
Stories
2
Units
2
Listed By:
Jerry Minsky · License #30MI0708058
(718) 942-6789
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 2:57AM
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 Jerry Minsky
Investment Insights
Based on property information with market context.
This legal two-family residence contains two separate homes with distinct layouts. The primary unit has two bedrooms, a formal dining room, a windowed kitchen, and a lower-level recreation room, laundry area, bathroom, and storage totaling approximately 730 square feet. The upper residence features a vaulted, open-plan living, dining, and kitchen area, one bedroom, a home office, and a loft of approximately 240 square feet. Hardwood floors, architectural woodwork, and a covered private terrace are among the property’s features. The lot measures approximately 4,000 square feet and includes landscaped grounds, a koi pond, a covered seating area, and a detached one-car garage.
Located in Seagate, a gated waterfront community, the property is near Coney Island’s dining, shopping, recreation, and entertainment options. The D, F, N, and Q subway lines are accessible at Stillwell Avenue.
Located in Seagate, a gated waterfront community, the property is near Coney Island’s dining, shopping, recreation, and entertainment options. The D, F, N, and Q subway lines are accessible at Stillwell Avenue.
Key Highlights
- Legal two‑family configuration with two separate residences
- Approximately 4,000‑square‑foot lot with landscaped grounds and a koi pond
- Primary residence includes a lower‑level area of approximately 730 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,508
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,160
$570.2K
Cap Rate 7%
$407,257
$407.3K
Cap Rate 9%
$316,756
$316.8K
Market Conditions
NOI Build-Up for 814 SF
Gross rent
$41.5K $51.00/SF
− Vacancy
−$789 −$0.97/SF
EGI
$40.7K $50.03/SF
− OpEx
−$12.2K −$15.01/SF
NOI
$28.5K $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%
$570,160
Cap Rate 7%
$407,257
Cap Rate 9%
$316,756
Alternative Uses
Best Use
Multifamily LT 5
$407.3K
$356.4K – $475.1K
NOI $28,508 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$355.0K
$310.6K – $414.2K
NOI $24,851 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$674.0K
$589.7K – $786.3K
NOI $47,179 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences are complemented by landscaped outdoor areas, a private terrace, and a detached garage.
Where is this duplex located?
The property is located at 3848 LAUREL Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Legal two‑family configuration with two separate residences; Approximately 4,000‑square‑foot lot with landscaped grounds and a koi pond; Primary residence includes a lower‑level area of approximately 730 square feet
