Flatbush Brick Two-Family
For Sale
$899,000
Pending
448 E 29th St, Brooklyn, NY 11226
Two-family brick house with finished basement in Flatbush, vacant.
Property Size3,156 SF
Lot Size0.05 Acres
Days on Market335
Property Features for 448 E 29th St
General Information
Standard status
Pending
Size
3,156 SF
Lot size
0.05 Acres
Property subtype
Other
Taxes and HOA fees
Annual Taxes
$7,685
Building Details
Building Size
3,156 SF
Year Built
1915
Units
2
Listing Agency:
Discount Realty Consultants
Listed By:
Sophie Aguilera
(646) 801-7116
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 25
Last Checked: Oct 28 at 8:08AM
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 Discount Realty Consultants
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is a brick two-family house with a full finished basement. It is located in the Flatbush neighborhood. The property will be delivered vacant across all units.
Key Highlights
- Delivered vacant: seize the opportunity for immediate occupancy or rental income.
- Two‑family brick building: durable construction, potential for multiple income streams.
- Full finished basement: adds significant living space with various possibilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$80,000
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,000
$1.6M
Cap Rate 7%
$1,142,857
$1.1M
Cap Rate 9%
$888,889
$888.9K
Market Conditions
NOI Build-Up for 3,156 SF
Gross rent
$119.3K $37.80/SF
− Vacancy
−$5.0K −$1.59/SF
EGI
$114.3K $36.21/SF
− OpEx
−$34.3K −$10.86/SF
NOI
$80.0K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,600,000
Cap Rate 7%
$1,142,857
Cap Rate 9%
$888,889
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$1.00M – $1.33M
NOI $80,000 @ 7.0% cap · market cap 8.90%
Second Best
Apartment 5plus
$1.06M
$924.8K – $1.23M
NOI $73,987 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $109,193 @ 7.0% cap · market cap 12.15%
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
4,010
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
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 - Two-family brick house with finished basement in Flatbush, vacant.
Where is this duplex located?
The property is located at 448 E 29th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Delivered vacant: seize the opportunity for immediate occupancy or rental income.; Two‑family brick building: durable construction, potential for multiple income streams.; Full finished basement: adds significant living space with various possibilities.
