Updated Two-Family Home in
For Sale
$1,098,000
Pending
414 Chestnut St, Brooklyn, NY 11208
Renovated two-family home with modern finishes and private backyard.
Property Size2,708 SF
Lot Size0.05 Acres
Days on Market235
Property Features for 414 Chestnut St
General Information
Standard status
Pending
Size
2,708 SF
Lot size
0.05 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$7,039
Building Details
Building Size
2,708 SF
Year Built
1899
Units
2
Listing Agency:
Corcoran Group
Listed By:
Dimitrios Koufakos
(917) 502-1772
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 28 at 10:12AM
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.
Located in Brooklyn, 414 Chestnut Street is a renovated two-family home featuring modern finishes throughout. Both apartments include updated kitchens, stylish living areas, and hardwood floors. The property includes a spacious private backyard suitable for gardening, entertaining, or relaxing. Each unit has a new boiler system. Off-street parking is available. The property is move-in ready and offers flexibility for owner-users or investors seeking cash flow. Transportation options include proximity to the J/Z trains at Crescent St, the A/C lines, and major highways such as Atlantic Ave, Jackie Robinson Parkway, BQE, and Van Wyck Expressway.
Key Highlights
- Fully renovated two‑family home, move‑in ready.
- Two updated apartments with modern finishes, including updated kitchens and hardwood floors.
- Spacious private backyard.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,515
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,300
$1.4M
Cap Rate 7%
$993,071
$993.1K
Cap Rate 9%
$772,389
$772.4K
Market Conditions
NOI Build-Up for 2,708 SF
Gross rent
$104.0K $38.40/SF
− Vacancy
−$4.7K −$1.73/SF
EGI
$99.3K $36.67/SF
− OpEx
−$29.8K −$11.00/SF
NOI
$69.5K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,390,300
Cap Rate 7%
$993,071
Cap Rate 9%
$772,389
Alternative Uses
Best Use
Multifamily LT 5
$993.1K
$868.9K – $1.16M
NOI $69,515 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$884.2K
$773.7K – $1.03M
NOI $61,897 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,987 @ 7.0% cap · market cap 10.56%
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
Location Intelligence
Trade Area within ½ mile
2,960
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated two-family home with modern finishes and private backyard.
Where is this duplex located?
The property is located at 414 Chestnut St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: Fully renovated two‑family home, move‑in ready.; Two updated apartments with modern finishes, including **updated kitchens and hardwood floors.**; Spacious private backyard.**
