Brooklyn Two-Family Investment
387 Ashford Street Brooklyn, NY 11207
387 Ashford Street, Brooklyn, NY, 11207
$899,999
Pending
For Sale
$899,999
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size2,000 SF
Lot Size0.04 Acres
Days on Market218
Property Features for 387 Ashford Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Basement, Bathroom 2, Bathroom 1
- Parking features
- On Street
- Basement
- Finished, Full
- Standard status
- Pending
- APN
- 04016-0009
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 2062
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Window Unit(s), Wall/Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1901
- Number of units
- 2
- Building materials
- Brick
Listing Agency
Fave Realty Inc
(516) 519-8049
20 Jericho Tpke, New Hyde Park, NY
Listed by
Kenneth Mungin
(718) 269-9678
Added: Dec 11, 2025 Checked: Jul 17 at 4:06 pm
MLS# 943529
Listing URL
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.
Located in East New York, Brooklyn, this two-family residence at 387 Ashford Street presents an investment opportunity. The property features two residential units within a two-story structure. The building has approximately 2,000 sq. ft. of living space and is set on an 1,800 sq. ft. lot, which is equivalent to 0.0413 acres. The property is suitable for investors seeking income-producing real estate or for buyers interested in occupying one unit while renting out the other. The location provides access to transportation, local shops, schools, and community amenities.
Key Highlights
- Classic 2‑family, 2‑story brick building built in 1901
- Approximately 2,000 sq. ft. total with 2 residential units
- Set on an approximately 1,800 sq. ft. lot at 387 Ashford Street
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 | $102.0k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $100.1k | $50.03 |
| − OpEx | −$30.0k | −$15.01 |
| NOI | $70.0k | $35.02 |
2,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 6.78%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 12.88%
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 - Two-family residence in East New York with strong rental potential.
Where is this duplex located?
The property is located at 387 Ashford Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Classic 2‑family, 2‑story brick building built in 1901; Approximately 2,000 sq. ft. total with 2 residential units; Set on an approximately 1,800 sq. ft. lot at 387 Ashford Street
