Two-Family Residential
411 Avenue P Brooklyn, NY 11223
For Sale
$2,300,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,944 SF
Lot Size0.06 Acres
Price / SF$1,183
Days on Market177
Property Features for 411 Avenue P
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Garage - Detached
Interior features
Refrigerator, Stove
Basement
Full
Standard status
Active
Size
1,944 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
8297
Building Details
Year built
1935
Flooring type
Hardwood
Building materials
Block
Listing Agency:
Coldwell Banker LaBarca
(718) 258-1222
Listed By:
Michael McGuire
(718) 258-1222
Added: Feb 3
Changed: Jun 18
Last Checked: Jul 30 at 2:06AM
MLS# 498752
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.
This offering includes a two-family residential property sold with a separate lot located behind the house. The property size is listed at 1,944 square feet, and the additional lot measures 30 feet by 114 feet, providing room for future planning consistent with the seller’s stated intent for builders and investors.
The property is located at 411 Avenue P in Brooklyn, NY 11223 (Kings County). The package is presented as a two-family plus rear lot configuration, with the rear lot support included as part of the sale.
For prospective buyers, this configuration can be useful when seeking flexibility beyond a single structure. The inclusion of the lot behind the house creates a built-in path for buyers evaluating development or expansion opportunities that align with their own plans and due diligence. Interested parties should contact the listing agent for additional details on the property, the included lot, and any other sale terms or documentation available.
The property is located at 411 Avenue P in Brooklyn, NY 11223 (Kings County). The package is presented as a two-family plus rear lot configuration, with the rear lot support included as part of the sale.
For prospective buyers, this configuration can be useful when seeking flexibility beyond a single structure. The inclusion of the lot behind the house creates a built-in path for buyers evaluating development or expansion opportunities that align with their own plans and due diligence. Interested parties should contact the listing agent for additional details on the property, the included lot, and any other sale terms or documentation available.
Key Highlights
- Two‑family home sold with a lot behind the house (30' x 114')
- 1658 East 2nd Street, built in 1935
- Block construction with hardwood flooring
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 | $99.1k | $51.00 |
| − Vacancy | −$1.9k | −$0.97 |
| EGI | $97.3k | $50.03 |
| − OpEx | −$29.2k | −$15.01 |
| NOI | $68.1k | $35.02 |
1,944 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$972.6K
$851.0K – $1.13M
NOI $68,082 @ 7.0% cap · market cap 2.96%
Second Best
Apartment 5plus
$847.8K
$741.9K – $989.1K
NOI $59,348 @ 7.0% cap · market cap 2.58%
Theoretical Best
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,674 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-family home offered with an additional lot behind the property, suited for builders and residential investors.
Where is this duplex located?
The property is located at 411 Avenue P Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Two‑family home sold with a lot behind the house (30' x 114'); 1658 East 2nd Street, built in 1935; Block construction with hardwood flooring
