Duplex with Two
For Sale
$1,995,000
413 Vanderbilt Street, Brooklyn, NY 11218
Two residential units feature separate kitchens, renovated bathrooms, and access to outdoor space.
Property Size3,009 SF
Price / SF$663.01
Days on Market9
Property Features for 413 Vanderbilt Street
General Information
Standard status
Active
Size
3,009 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,680
Building Details
Building Size
3,009 SF
Year Built
1910
Buildings
1
Listing Agency:
Corcoran Group
Listed By:
Bridget Elizabeth Applegate · License #10301216099 (NY)
(917) 826-2273
Source:
Carlinwright
Added: Oct 29
Changed: Nov 3
Last Checked: Nov 4 at 10:54PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 3,009-square-foot duplex, built in 1910, is configured as a two-family home. Both upper levels have a kitchen and full bathroom; the first-floor kitchen opens to a patio and backyard. The upper kitchen includes a combined washer and dryer. Original interior features include pressed-tin ceilings, inlaid herringbone hardwood floors, and original door and window casings. A semi-finished basement adds two finished rooms, storage, laundry, mechanical space, and a separate street-level exit.
A park sits across the street, with another park and a small playground behind the property. The location is also within a couple of blocks of Cozie's Pizzeria, Terrace Cafe, Windsor Coffee, and Hamilton's.
A park sits across the street, with another park and a small playground behind the property. The location is also within a couple of blocks of Cozie's Pizzeria, Terrace Cafe, Windsor Coffee, and Hamilton's.
Key Highlights
- 3,009 SF duplex built in 1910
- Two‑family layout with a separate kitchen on each upper level
- First‑floor kitchen opens to a patio and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,380
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,107,600
$2.1M
Cap Rate 7%
$1,505,429
$1.5M
Cap Rate 9%
$1,170,889
$1.2M
Market Conditions
NOI Build-Up for 3,009 SF
Gross rent
$153.5K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.5K $50.03/SF
− OpEx
−$45.2K −$15.01/SF
NOI
$105.4K $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%
$2,107,600
Cap Rate 7%
$1,505,429
Cap Rate 9%
$1,170,889
Alternative Uses
Best Use
Multifamily LT 5
$1.51M
$1.32M – $1.76M
NOI $105,380 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,862 @ 7.0% cap · market cap 4.60%
Theoretical Best
Specialty Retail
$2.49M
$2.18M – $2.91M
NOI $174,402 @ 7.0% cap · market cap 8.74%
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
1,826
Businesses Nearby
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Business Placement
Demographics for 11218, NY
78,642
Population
27,403
Households
2.9
Avg Household Size
35
Median Age
51%
College-Educated
86%
High-School Grad
1.4 sq mi
ZIP Area
56,173
Density / Sq Mi
$95,916
Median Household Income
$55,190
Median Earnings
$1,966
Median Rent
$914,300
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 - Two residential units feature separate kitchens, renovated bathrooms, and access to outdoor space.
Where is this duplex located?
The property is located at 413 Vanderbilt Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 3,009 SF duplex built in 1910; Two‑family layout with a separate kitchen on each upper level; First‑floor kitchen opens to a patio and backyard
