Two-Family Brick House in
For Sale
$879,999
Pending
385 Amboy St, Brooklyn, NY 11212
Well-maintained two-family brick house with parking in Brownsville, Brooklyn.
Property Size2,400 SF
Lot Size0.06 Acres
Days on Market216
Property Features for 385 Amboy St
General Information
Standard status
Pending
Size
2,400 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,360
Building Details
Building Size
2,400 SF
Year Built
1901
Stories
2
Listed By:
Adebanjo Anthony Olatunji
(718) 345-4545
Source:
Elliman
Added: Mar 10
Changed: Oct 2
Last Checked: Oct 9 at 10:28PM
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 Adebanjo Anthony Olatunji
Investment Insights
Based on property information with market context.
This is a well-maintained two-family brick house located in Brownsville, Brooklyn. The property features a layout of 3 bedrooms and 2 full bathrooms on the first floor, with the second floor mirroring this layout, also offering 3 bedrooms and 2 bathrooms. A large backyard is included, along with a side driveway providing ample parking space for up to 5 cars. The property is conveniently located near groceries, laundromats, and various transportation options. The property will be delivered fully vacant.
Key Highlights
- Two‑family brick house, delivered fully vacant.
- Each floor features 3 bedrooms and 2 full bathrooms.
- Ample side driveway with parking space for up to 5 cars.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,270
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,400
$1.5M
Cap Rate 7%
$1,046,714
$1.0M
Cap Rate 9%
$814,111
$814.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$135.9K $56.64/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$133.2K $55.51/SF
− OpEx
−$59.9K −$24.98/SF
NOI
$73.3K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,465,400
Cap Rate 7%
$1,046,714
Cap Rate 9%
$814,111
Alternative Uses
Best Use
Multifamily LT 5
$1.20M
$1.05M – $1.40M
NOI $84,052 @ 7.0% cap · market cap 9.55%
Second Best
Apartment 5plus
$1.05M
$915.9K – $1.22M
NOI $73,270 @ 7.0% cap · market cap 8.33%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,104 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,525
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family brick house with parking in Brownsville, Brooklyn.
Where is this duplex located?
The property is located at 385 Amboy St Brooklyn, NY.
What is the asking price?
The asking price for this property is $879,999.
What are key features of this property?
This property features: Two‑family brick house, delivered fully vacant.; Each floor features 3 bedrooms and 2 full bathrooms.; Ample side driveway with parking space for up to 5 cars.
