Duplex Residence with Private
New
For Sale
$1,595,000
395 S 2ND Street 1, Brooklyn, NY 11211
Multi-level three-bedroom duplex unit with central air, in-unit laundry, and a private backyard for outdoor living.
Property Size1,307 SF
Price / SF$1,220
Days on Market6
Property Features for 395 S 2ND Street 1
General Information
Standard status
Active
Size
1,307 SF
Property subtype
Duplex
Amenities
private backyard
central air conditioning
in-unit laundry
dishwasher
Building Details
Building Size
1,307 SF
Year Built
2003
Listing Agency:
Serhant
(516) 761-3086
Listed By:
Eric Shostak
(516) 761-3086
Source:
Carlinwright
Added: Jul 27
Changed: Jul 31
Last Checked: Jul 31 at 3:56AM
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 Serhant
Investment Insights
Based on property information with market context.
Unit 1 at 395 S 2nd Street is a multi-level duplex residence with a townhouse-like layout and a private backyard. The main level is organized around an open kitchen, dining, and living area, anchored by a kitchen with custom cabinetry, stone countertops, new stainless steel appliances, and a generous breakfast bar.
Upstairs, the primary suite includes an en suite bathroom. The lower level adds two additional rooms and a second full bathroom, along with a newly installed vented Miele washer and dryer for in-unit laundry convenience. Central air provides year-round comfort. The home is eligible for a 421a tax abatement through 2031, and it was built in 2003. The home also offers easy transit access, with the L and G trains about a 6-minute walk and the J, M, and Z trains about a 9-minute walk.
The home is currently configured as a three-bedroom residence; building records indicate a one-bedroom.
Upstairs, the primary suite includes an en suite bathroom. The lower level adds two additional rooms and a second full bathroom, along with a newly installed vented Miele washer and dryer for in-unit laundry convenience. Central air provides year-round comfort. The home is eligible for a 421a tax abatement through 2031, and it was built in 2003. The home also offers easy transit access, with the L and G trains about a 6-minute walk and the J, M, and Z trains about a 9-minute walk.
The home is currently configured as a three-bedroom residence; building records indicate a one-bedroom.
Key Highlights
- Private backyard off a multi‑level duplex unit
- Open kitchen, dining, and living area with breakfast bar
- Kitchen with custom cabinetry, stone countertops, and new stainless steel appliances
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 | $66.7k | $51.00 |
| − Vacancy | −$1.3k | −$0.97 |
| EGI | $65.4k | $50.03 |
| − OpEx | −$19.6k | −$15.01 |
| NOI | $45.8k | $35.02 |
1,307 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$653.9K
$572.2K – $762.9K
NOI $45,773 @ 7.0% cap · market cap 2.87%
Second Best
Apartment 5plus
$570.0K
$498.8K – $665.0K
NOI $39,901 @ 7.0% cap · market cap 2.50%
Theoretical Best
Specialty Retail
$1.08M
$946.9K – $1.26M
NOI $75,754 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
8,301
Businesses Nearby
Explore this area
Business Placement
Demographics for 11211, NY
68,540
Population
29,068
Households
2.4
Avg Household Size
31
Median Age
55%
College-Educated
86%
High-School Grad
1.5 sq mi
ZIP Area
45,693
Density / Sq Mi
$105,183
Median Household Income
$67,533
Median Earnings
$2,357
Median Rent
$1,118,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Multi-level three-bedroom duplex unit with central air, in-unit laundry, and a private backyard for outdoor living.
Where is this duplex located?
The property is located at 395 S 2ND Street 1 Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Private backyard off a multi‑level duplex unit; Open kitchen, dining, and living area with breakfast bar; Kitchen with custom cabinetry, stone countertops, and new stainless steel appliances
