East New York Two-Family
For Sale
$799,000
428 Newport Street, Brooklyn, NY 11207
Two-family brick home in active Brooklyn market, tenants in place.
Property Size2,000 SF
Price / SF$399.50
Days on Market303
Property Features for 428 Newport Street
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$2,739
Amenities
No, No, Driveway
Radiant
Square Feet
Finished, Yes
1st Floor Bedrm, First Floor Full Bath, Public
First Floor Bedroom, First Floor Full Bath
1st Fl Master Bedroom
No
Brick
Driveway
Building Details
Year Built
1910
Listing Agency:
Charles Rutenberg Realty Inc
Listed By:
Jaleel Mussington · License #10401334023
(516) 575-7500
Source:
Compass
Added: Dec 28, 2025
Changed: Oct 25
Last Checked: Oct 26 at 7:33PM
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 Charles Rutenberg Realty Inc
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Investment Insights
Based on property information with market context.
This solid brick, semi-attached two-family home is located in East New York, Brooklyn. The property offers an opportunity to own in an active market. The building contains one 2-bedroom, 1-bath unit and one 3-bedroom, 1-bath unit. The property is being sold with tenants in place. The property size is approximately 2000 square feet. Some updating is needed.
Key Highlights
- Two‑family brick home in East New York
- Strong income potential with two units: a 2‑bedroom and a 3‑bedroom
- Opportunity to owner‑occupy or build a rental portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,043
Cap Rate
8.77%
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 8.77%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 7.64%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,658
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-family brick home in active Brooklyn market, tenants in place.
Where is this duplex located?
The property is located at 428 Newport Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑family brick home in East New York; Strong income potential with two units: **a 2‑bedroom and a 3‑bedroom**; Opportunity to owner‑occupy or build a rental portfolio
