Duplex Property Requiring
464 Van Sicklen Street, Brooklyn, NY 11223
For Sale
$875,000
The three-bedroom residence dates to 1930 and is described as needing updating.
Property Size1,548 SF
Price / SF$565.25
Days on Market65
Property Features for 464 Van Sicklen Street
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Ashford Homes LLC
Listed By:
Kawing Chiu · License NY #10301208208
(929) 364-1301
Source:
Gosenproperties
Added: Sep 7
Changed: Nov 3
Last Checked: Nov 4 at 7:32AM
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 Ashford Homes LLC
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Investment Insights
Based on property information with market context.
This duplex property contains a three-bedroom residence that was built in 1930. The home needs updating, with a layout that includes three bedrooms. The available information identifies the property as a duplex but does not establish its current configuration.
Key Highlights
- 1,548‑square‑foot property
- Three‑bedroom residence
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,214
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,084,280
$1.1M
Cap Rate 7%
$774,486
$774.5K
Cap Rate 9%
$602,378
$602.4K
Market Conditions
NOI Build-Up for 1,548 SF
Gross rent
$78.9K $51.00/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$77.4K $50.03/SF
− OpEx
−$23.2K −$15.01/SF
NOI
$54.2K $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%
$1,084,280
Cap Rate 7%
$774,486
Cap Rate 9%
$602,378
Alternative Uses
Best Use
Multifamily LT 5
$774.5K
$677.7K – $903.6K
NOI $54,214 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$675.1K
$590.7K – $787.7K
NOI $47,259 @ 7.0% cap · market cap 5.40%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,722 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,686
Businesses Nearby
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Business Placement
Demographics for 11223, NY
83,519
Population
28,857
Households
2.9
Avg Household Size
37
Median Age
34%
College-Educated
78%
High-School Grad
2.1 sq mi
ZIP Area
39,771
Density / Sq Mi
$63,950
Median Household Income
$40,592
Median Earnings
$1,653
Median Rent
$1,063,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brooklyn, NY
Properties on Market for Duplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The three-bedroom residence dates to 1930 and is described as needing updating.
Where is this duplex located?
The property is located at 464 Van Sicklen Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 1,548‑square‑foot property; Three‑bedroom residence; Built in 1930
