Attached Brick Two-Family
New
For Sale
$735,000
391 New Jersey Avenue, Brooklyn, NY 11207
Residential Income, Brooklyn, NY
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$367.50
Days on Market3
Property Features for 391 New Jersey Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 4, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 3, Basement
Parking features
On Street
Interior features
First Floor Bedroom
Basement
Partially Finished
Elementary school
Ps 149 Danny Kaye
Middle school
Jhs 292 Margaret S Douglas
High school
World Academy For Total Community Health High Sch
Elementary school district
Brooklyn 19
Middle school district
Brooklyn 19
High school district
Brooklyn 19
Directions
Sutter to New Jersey
Special listing conditions
Real Estate Owned, In Foreclosure
Standard status
Active
APN
03756-0005
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2773
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Baseboard, Natural Gas
Water source
Public
Building Details
Year built
1910
Number of units
2
Building materials
Brick
Listing Agency:
Ken Trestka Real Estate Inc
(631) 926-0047
Listed By:
Kenneth A. Trestka CBR · License #10301218919
(631) 486-1126
Added: Oct 8
Changed: Oct 9
Last Checked: Oct 10 at 1:06PM
MLS# 1060429
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.
This attached brick duplex contains two apartments and a full basement. The first-floor unit is arranged as four rooms, including two bedrooms and one bathroom; the upper unit has five rooms, three bedrooms, and one bathroom. The building was constructed in 1910 and has approximately 2,000 square feet of living area. Heat is provided by natural-gas-fired hot-water baseboards.
The property occupies a 20-by-100-foot lot in East New York and is within an R6 zoning district. It is situated between Atlantic Avenue and Linden Boulevard, with public transportation, shopping, and schools nearby. The sale is subject to current occupancy and is on an as-is basis.
The property occupies a 20-by-100-foot lot in East New York and is within an R6 zoning district. It is situated between Atlantic Avenue and Linden Boulevard, with public transportation, shopping, and schools nearby. The sale is subject to current occupancy and is on an as-is basis.
Key Highlights
- Attached brick two‑family building with a full basement
- Two‑bedroom, one‑bath first‑floor apartment; three‑bedroom, one‑bath upper apartment
- Approximately 2,000 square feet of living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,058
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,160
$1.2M
Cap Rate 7%
$872,257
$872.3K
Cap Rate 9%
$678,422
$678.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$113.3K $56.64/SF
− Vacancy
−$2.3K −$1.13/SF
EGI
$111.0K $55.51/SF
− OpEx
−$50.0K −$24.98/SF
NOI
$61.1K $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%
$1,221,160
Cap Rate 7%
$872,257
Cap Rate 9%
$678,422
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 9.53%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 15.77%
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
3,148
Businesses Nearby
Explore this area
Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 separate apartments sit within an R6-zoned building and are conveyed with existing occupants in place.
Where is this duplex located?
The property is located at 391 New Jersey Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Attached brick two‑family building with a full basement; Two‑bedroom, one‑bath first‑floor apartment; three‑bedroom, one‑bath upper apartment; Approximately 2,000 square feet of living area
