Duplex with Finished
For Sale
$929,000
467 Atkins Ave, Brooklyn, NY 11208
The upper apartment has three bedrooms, and the first-floor residence has two.
Property Size1,702 SF
Days on Market8
Property Features for 467 Atkins Ave
General Information
Standard status
Active
Size
1,702 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR, 1 x 2BR
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$2,802
Building Details
Building Size
1,702 SF
Year Built
1920
Buildings
1
Stories
2
Construction
modern-style
Listing Agency:
Exit All Seasons Realty
Listed By:
Adebanjo Anthony Olatunji
(718) 345-4545
Source:
Elliman
Added: Oct 4
Changed: Oct 6
Last Checked: Oct 9 at 11:13PM
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 Exit All Seasons Realty
Investment Insights
Based on property information with market context.
Built in 1920, this renovated duplex contains two apartments: a three-bedroom unit on the second floor and a two-bedroom unit on the first. A finished basement adds further interior space.
The property is near Linden Boulevard and several subway lines, including the 2, 3, 4 and 5 trains, as well as multiple bus routes. Gateway Center, with more than 45 stores and restaurants, is a few blocks away. The property has a Walk Score of 87, Transit Score of 88 and Bike Score of 56.
The property is near Linden Boulevard and several subway lines, including the 2, 3, 4 and 5 trains, as well as multiple bus routes. Gateway Center, with more than 45 stores and restaurants, is a few blocks away. The property has a Walk Score of 87, Transit Score of 88 and Bike Score of 56.
Key Highlights
- Two apartments: three bedrooms upstairs and two bedrooms on the first floor
- Finished basement
- Renovated; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,691
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,820
$873.8K
Cap Rate 7%
$624,157
$624.2K
Cap Rate 9%
$485,456
$485.5K
Market Conditions
NOI Build-Up for 1,702 SF
Gross rent
$65.4K $38.40/SF
− Vacancy
−$2.9K −$1.73/SF
EGI
$62.4K $36.67/SF
− OpEx
−$18.7K −$11.00/SF
NOI
$43.7K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$873,820
Cap Rate 7%
$624,157
Cap Rate 9%
$485,456
Alternative Uses
Best Use
Multifamily LT 5
$624.2K
$546.1K – $728.2K
NOI $43,691 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$555.8K
$486.3K – $648.4K
NOI $38,903 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$1.04M
$911.2K – $1.21M
NOI $72,899 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
Explore this area
Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The upper apartment has three bedrooms, and the first-floor residence has two.
Where is this duplex located?
The property is located at 467 Atkins Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Two apartments: three bedrooms upstairs and two bedrooms on the first floor; Finished basement; Renovated; built in 1920
