Renovated Two-Family
408 Van Siclen Avenue, Brooklyn, NY 11207
For Sale
$1,075,000
Each residential floor has its own kitchen, full bathroom, and half bathroom.
Property Size2,000 SF
Price / SF$537.50
Days on Market27
Property Features for 408 Van Siclen Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
backyard deck
First Floor Bedroom
First Floor Full Bath
Formal Dining
High Ceilings
Open Kitchen
Building Details
Building Size
Year Built
Buildings
Units
Construction
Listing Agency:
Sahara Homes Inc
Listed By:
Mohammad Tutul
(718) 805-0000
Source:
Krumpfer-realestate
Added: Oct 15
Changed: Nov 7
Last Checked: Nov 9 at 12:26PM
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 Sahara Homes Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot brick duplex, built in 1930, has a three-bedroom upper layout and a four-bedroom lower layout. Both floors feature custom kitchens, a full bathroom, and a half bathroom. The basement adds another full bathroom and three-way egress. Improvements include updated electrical and plumbing, and the property has two separate boilers. A deck extends from the first floor into the backyard.
Public transportation is accessible from the property.
Public transportation is accessible from the property.
Key Highlights
- Two‑family brick duplex with 3 bedrooms over 4 bedrooms
- 2,000 square feet; built in 1930
- Custom kitchen, 1 full bathroom, and 1 half bathroom on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,043
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,860
$1.4M
Cap Rate 7%
$1,000,614
$1.0M
Cap Rate 9%
$778,256
$778.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$102.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$100.1K $50.03/SF
− OpEx
−$30.0K −$15.01/SF
NOI
$70.0K $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%
$1,400,860
Cap Rate 7%
$1,000,614
Cap Rate 9%
$778,256
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 6.52%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,990
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
$657,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residential floor has its own kitchen, full bathroom, and half bathroom.
Where is this duplex located?
The property is located at 408 Van Siclen Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two‑family brick duplex with 3 bedrooms over 4 bedrooms; 2,000 square feet; built in 1930; Custom kitchen, 1 full bathroom, and 1 half bathroom on each floor
