Duplex with Garden
For Sale
$2,250,000
405 Irving Avenue, Brooklyn, NY 11237
Residential, Brooklyn, NY
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$681.82
Days on Market50
Property Features for 405 Irving Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R6
Bedrooms
6
Bathrooms
5
Full bathrooms
4
Half bathrooms
1
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 3
Interior features
A/C Unit, Central Air, Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
Bushwick
Standard status
Active
Size
3,300 SF
Lot size
0.05 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Tax Annual Amount
5028
Amenities
skylights
private backyard
spa-inspired bath
rain shower
walk-in closets
Building Details
Year built
1910
Floors in Building
3
Number of units
1
Flooring type
Hardwood
Building materials
Brick
Buildings
1
Listing Agency:
Luxian International Realty LL
Listed By:
Luciane R. Serifovic
(917) 567-8767
Added: Sep 7
Changed: Oct 25
Last Checked: Oct 26 at 8:06AM
MLS# 504321
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.
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Investment Insights
Based on property information with market context.
This brick two-family property pairs an owner’s duplex with an independent garden apartment. The lower unit has two bedrooms, two bathrooms, and a private entrance, along with central heating and cooling and separately metered utilities. The upper residence includes oak hardwood floors, central HVAC with Hyper Heat, custom millwork, and a kitchen with Bosch and ZLINE appliances, a 36-inch gas range, and a Verde Alpi Italian marble finish. Three skylights bring daylight into the interior, while folding glass doors open to a landscaped backyard enclosed by cedar and iron fencing.
The property is zoned R6, with approximately 4,400 buildable square feet noted. The Myrtle-Wyckoff L train is nearby, as are cafes, restaurants, shops, and parks.
The property is zoned R6, with approximately 4,400 buildable square feet noted. The Myrtle-Wyckoff L train is nearby, as are cafes, restaurants, shops, and parks.
Key Highlights
- Two‑family brick property with an owner’s duplex and separate garden apartment
- Garden apartment has 2 bedrooms, 2 bathrooms, and a private entrance
- R6 zoning; approximately 4,400 buildable square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
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 authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,755
Businesses Nearby
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Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
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 - A separate garden residence offers two bedrooms, two bathrooms, and its own entrance.
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: Two‑family brick property with an owner’s duplex and separate garden apartment; Garden apartment has 2 bedrooms, 2 bathrooms, and a private entrance; R6 zoning; approximately 4,400 buildable square feet
