Renovated Two-Family
For Sale
$1,080,000
469 Atkins Avenue, Brooklyn, NY 11208
Two separate apartments offer a three-bedroom layout, with a finished basement and garage adding functional space.
Property Size2,880 SF
Lot Size0.05 Acres
Price / SF$375
Days on Market21
Property Features for 469 Atkins Avenue
General Information
Standard status
Active
Size
2,880 SF
Total Parking Spaces
1
Lot size
0.05 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,545
Amenities
hardwood floors
new bathrooms
new appliances
full finished basement
separate entrance
shared driveway
natural gas heating
First Floor Bedroom
First Floor Full Bath
Building Details
Building Size
2,880 SF
Year Built
1920
Buildings
1
Units
2
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Victoria Chang
(347) 781-8888
Source:
Halknopfrealty
Added: Oct 9
Changed: Oct 27
Last Checked: Oct 27 at 4:00AM
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 Winzone Realty Inc
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Investment Insights
Based on property information with market context.
This renovated duplex contains two apartments, each with 3 bedrooms and 2 full bathrooms. Interior updates include hardwood flooring, new bathrooms, and new appliances. A finished basement has its own entrance and an additional full bathroom, while natural gas provides the heating. The property also includes a one-car garage and a shared driveway.
The building contains approximately 2,880 square feet on a 2,000-square-foot lot. Built in 1920, it is configured as a legal two-family residence.
The building contains approximately 2,880 square feet on a 2,000-square-foot lot. Built in 1920, it is configured as a legal two-family residence.
Key Highlights
- Two apartments, each with 3 bedrooms and 2 full bathrooms
- Approximately 2,880 square feet on a 2,000‑square‑foot lot
- Finished basement with separate entrance and additional full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,931
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,478,620
$1.5M
Cap Rate 7%
$1,056,157
$1.1M
Cap Rate 9%
$821,456
$821.5K
Market Conditions
NOI Build-Up for 2,880 SF
Gross rent
$110.6K $38.40/SF
− Vacancy
−$5.0K −$1.73/SF
EGI
$105.6K $36.67/SF
− OpEx
−$31.7K −$11.00/SF
NOI
$73.9K $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%
$1,478,620
Cap Rate 7%
$1,056,157
Cap Rate 9%
$821,456
Alternative Uses
Best Use
Multifamily LT 5
$1.06M
$924.1K – $1.23M
NOI $73,931 @ 7.0% cap · market cap 6.85%
Second Best
Apartment 5plus
$940.4K
$822.9K – $1.10M
NOI $65,829 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,354 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,964
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments offer a three-bedroom layout, with a finished basement and garage adding functional space.
Where is this duplex located?
The property is located at 469 Atkins Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Two apartments, each with 3 bedrooms and 2 full bathrooms; Approximately 2,880 square feet on a 2,000‑square‑foot lot; Finished basement with separate entrance and additional full bathroom
