Two-Family Brick
For Sale
$735,000
391 New Jersey Avenue, Brooklyn, NY 11207
Two separate apartments provide a two-bedroom layout on the first floor and a three-bedroom layout above.
Property Size2,000 SF
Lot Size0.05 Acres
Price / SF$367.50
Days on Market17
Property Features for 391 New Jersey Avenue
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.05 Acres
Property subtype
Residential Income
Zoning
R6
Units
Unit Mix
1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,772
Amenities
First Floor Bedroom
Building Details
Building Size
2,000 SF
Year Built
1910
Units
2
Construction
brick
Listing Agency:
Ken Trestka Real Estate Inc
Listed By:
Kenneth A. Trestka CBR
(631) 926-0047
Source:
Croninreale
Added: Oct 8
Changed: Oct 23
Last Checked: Oct 23 at 5:17PM
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 Ken Trestka Real Estate Inc
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Investment Insights
Based on property information with market context.
This attached brick duplex contains two apartments and approximately 2,000 square feet of living space, along with a full basement. The first-floor unit has four rooms, including two bedrooms and one bathroom; the upper unit has five rooms, with three bedrooms and one bathroom. Gas-fired hot-water baseboard heat serves the building, which was built in 1910.
The property occupies a 20-by-100-foot lot in an R6 zoning district in East New York, between Atlantic Avenue and Linden Boulevard. Public transportation, shopping, and schools are nearby.
The building is being sold as-is with existing occupants in place and will not be delivered vacant. Room counts and area are approximate; buyers should verify property information.
The property occupies a 20-by-100-foot lot in an R6 zoning district in East New York, between Atlantic Avenue and Linden Boulevard. Public transportation, shopping, and schools are nearby.
The building is being sold as-is with existing occupants in place and will not be delivered vacant. Room counts and area are approximate; buyers should verify property information.
Key Highlights
- Attached two‑family brick building on a 20 x 100 lot
- Approximately 2,000 sq ft of living space plus a full basement
- R6 zoning in East New York
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.
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments provide a two-bedroom layout on the first floor and a three-bedroom layout above.
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 two‑family brick building on a 20 x 100 lot; Approximately 2,000 sq ft of living space plus a full basement; R6 zoning in East New York
