Renovated Two-Family
405 Irving Avenue Brooklyn, NY 11237
New
For Sale
$2,250,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$681.82
Days on Market1
Property Features for 405 Irving Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2
- Interior features
- Central Air, Dishwasher, Dryer, Washer
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5028
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Hardwood
- Building materials
- Brick
Listing Agency:
Luxian International Realty LL
(877) 341-1555
Listed By:
Luciane R. Serifovic · License #10491208575
(877) 341-1555
Added: Jul 26
Last Checked: Jul 26 at 4:06PM
MLS# 503305
Copyright © 2026 Brooklyn New York Multiple Listing Service. 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.
405 Irving Avenue is a renovated brick two-family townhouse on a 20' x 100' lot, offering an owner duplex plus a fully independent two-bedroom, two-bath garden apartment. The layout includes a private backyard with custom cedar and iron fencing and features natural light through soaring ceilings and three skylights, along with an oak kitchen outfitted with Bosch and ZLINE appliances, a 36-inch gas range, and an oversized island. Additional interior highlights include oak hardwood floors, custom millwork, restored architectural details, and 8-foot solid wood doors, with central HVAC using Hyper Heat.
The garden apartment includes a private entrance, central heating and cooling, GE appliances, and a GE Profile washer/dryer, with porcelain tile floors and separately metered utilities. The property is zoned R6 and provides approximately 4,400 buildable square feet. Annual taxes are listed as $5,026.
For convenience, the home is described as being about two blocks from a new Whole Foods and moments from transit, including the Myrtle-Wyckoff L train, with nearby dining, shopping, and parks.
The garden apartment includes a private entrance, central heating and cooling, GE appliances, and a GE Profile washer/dryer, with porcelain tile floors and separately metered utilities. The property is zoned R6 and provides approximately 4,400 buildable square feet. Annual taxes are listed as $5,026.
For convenience, the home is described as being about two blocks from a new Whole Foods and moments from transit, including the Myrtle-Wyckoff L train, with nearby dining, shopping, and parks.
Key Highlights
- Newly reimagined brick 2‑family townhouse on a 20' x 100' lot with approx. 3,400 SF renovated living space
- Zoned R6 with approx. 4,400 buildable SF, plus annual taxes of $5,026 ($419/month)
- Owner duplex plus a fully independent 2‑bedroom, 2‑bath garden apartment with a private entrance
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 | $168.3k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $165.1k | $50.03 |
| − OpEx | −$49.5k | −$15.01 |
| NOI | $115.6k | $35.02 |
3,300 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 4.48%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Renovated brick two-family with private backyard and a separately metered garden apartment under R6 zoning.
Where is this duplex located?
The property is located at 405 Irving Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Newly reimagined brick 2‑family townhouse on a 20' x 100' lot with approx. 3,400 SF renovated living space; Zoned R6 with approx. 4,400 buildable SF, plus annual taxes of $5,026 ($419/month); Owner duplex plus a fully independent 2‑bedroom, 2‑bath garden apartment with a private entrance
