Semi-Attached Two-Family
437 East 46th Street Brooklyn, NY 11203
For Sale
$885,000
Semi-attached two-family layout with 2-bedroom over 2-bedroom units, a garage, private driveway, and street-access basement.
Property Size2,480 SF
Price / SF$356.85
Days on Market46
Property Features for 437 East 46th Street
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1960
Listing Agency:
Charles Rutenberg Realty Inc
(516) 575-7500
Listed By:
Tonya L. Williams
(516) 575-7500
Source:
Compass
Added: Jun 9
Changed: Jul 21
Last Checked: Jul 23 at 7:17AM
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
Investment Insights
Based on property information with market context.
This semi-attached two-family home features a 2-bedroom-over-2-bedroom layout. The property includes a garage and a private driveway. An unfinished walk-out basement provides direct street-level access, along with a private interior entrance to the owner’s unit and the backyard.
The home is sold as-is and is in need of TLC. Tenants have been notified to vacate.
The interior configuration supports separate unit living while the basement’s direct access and interior connection to the owner’s unit and backyard offer added flexibility for future use.
The home is sold as-is and is in need of TLC. Tenants have been notified to vacate.
The interior configuration supports separate unit living while the basement’s direct access and interior connection to the owner’s unit and backyard offer added flexibility for future use.
Key Highlights
- Semi‑attached 2‑family home with 2‑bedroom‑over‑2‑bedroom unit layout
- Walk‑out unfinished basement with direct street‑level access and a private interior entrance
- Brick construction with driveway and garage
Financial Insights For Apartment 5plus
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 | $140.5k | $56.64 |
| − Vacancy | −$2.8k | −$1.13 |
| EGI | $137.7k | $55.51 |
| − OpEx | −$61.9k | −$24.98 |
| NOI | $75.7k | $30.53 |
2,480 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.09M – $1.45M
NOI $86,854 @ 7.0% cap · market cap 9.81%
Second Best
Apartment 5plus
$1.08M
$946.4K – $1.26M
NOI $75,712 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$2.05M
$1.80M – $2.40M
NOI $143,741 @ 7.0% cap · market cap 16.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Semi-attached two-family layout with 2-bedroom over 2-bedroom units, a garage, private driveway, and street-access basement.
Where is this duplex located?
The property is located at 437 East 46th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Semi‑attached 2‑family home with 2‑bedroom‑over‑2‑bedroom unit layout; Walk‑out unfinished basement with direct street‑level access and a private interior entrance; Brick construction with driveway and garage
