Two-Family
For Sale
$1,725,000
Pending
457 Saint Johns Pl, Brooklyn, NY 11238
Two-unit brownstone requiring complete renovation in a highly walkable Brooklyn setting.
Property Size1,824 SF
Days on Market52
Property Features for 457 Saint Johns Pl
General Information
Standard status
Pending
Size
1,824 SF
Property subtype
Multi Family
Property Condition
Severity
Major Repairs Needed
Evidence
In need of a complete renovation
Additional Details
Public Transit
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,375
Building Details
Building Size
1,824 SF
Year Built
1910
Stories
2
Construction
brownstone
Listing Agency:
Jabour Realty Company
Listed By:
Peter Asmar
(718) 748-1800
Source:
Elliman
Added: Sep 10
Changed: Oct 29
Last Checked: Oct 30 at 4:28PM
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 Jabour Realty Company
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Investment Insights
Based on property information with market context.
Built in 1910, this two-family brownstone at 457 Saint Johns Pl presents a substantial renovation project. The property requires a complete overhaul, allowing the future owner to rework the existing building into a customized residential asset. The two-unit configuration provides a defined starting point for planning the renovation and redesign.
The property is located in Brooklyn, NY 11238. WalkScore is 87, indicating a Very Walkable setting, while a BikeScore of 88 reflects a Very Bikeable environment. A TransitScore of 100 identifies the area as a Rider's Paradise.
The property is located in Brooklyn, NY 11238. WalkScore is 87, indicating a Very Walkable setting, while a BikeScore of 88 reflects a Very Bikeable environment. A TransitScore of 100 identifies the area as a Rider's Paradise.
Key Highlights
- Two‑family brownstone built in 1910
- Complete renovation required
- Located at 457 Saint Johns Pl, Brooklyn, NY 11238
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,880
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,600
$1.3M
Cap Rate 7%
$912,571
$912.6K
Cap Rate 9%
$709,778
$709.8K
Market Conditions
NOI Build-Up for 1,824 SF
Gross rent
$93.0K $51.00/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$91.3K $50.03/SF
− OpEx
−$27.4K −$15.01/SF
NOI
$63.9K $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%
$1,277,600
Cap Rate 7%
$912,571
Cap Rate 9%
$709,778
Alternative Uses
Best Use
Multifamily LT 5
$912.6K
$798.5K – $1.06M
NOI $63,880 @ 7.0% cap · market cap 3.70%
Second Best
Apartment 5plus
$795.5K
$696.1K – $928.1K
NOI $55,685 @ 7.0% cap · market cap 3.23%
Theoretical Best
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,719 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 11238, NY
60,090
Population
29,588
Households
2
Avg Household Size
35
Median Age
71%
College-Educated
93%
High-School Grad
1.8 sq mi
ZIP Area
33,383
Density / Sq Mi
$132,957
Median Household Income
$85,179
Median Earnings
$2,511
Median Rent
$1,146,000
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-unit brownstone requiring complete renovation in a highly walkable Brooklyn setting.
Where is this duplex located?
The property is located at 457 Saint Johns Pl Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Two‑family brownstone built in 1910; Complete renovation required; Located at 457 Saint Johns Pl, Brooklyn, NY 11238
