Two-Family Townhouse with Expansion
4807 Fort Hamilton Parkway Brooklyn, NY 11219
For Sale
$1,999,000
MULTI_FAMILY - Brooklyn, NY
Property Size3,300 SF
Lot Size0.05 Acres
Price / SF$605.76
Days on Market22
Property Features for 4807 Fort Hamilton Parkway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 3
- Interior features
- Dryer, Washer
- Basement
- Full, Finished
- Standard status
- Active
- Size
- 3,300 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 847
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 2
Listing Agency:
Keller Williams LandMark II
(347) 846-1200
Listed By:
George Herrera
(347) 846-1200
Added: Jul 3
Changed: Jul 21
Last Checked: Jul 24 at 8:06AM
MLS# 502762
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This attached stone townhouse is configured as a two-family home with three levels and a basement, totaling approximately 3,300 interior square feet. Both units are currently vacant and require TLC, presenting an owner-operator or investor the chance to renovate and restore the property. The building sits on an approximately 20' by 55' footprint.
The property is located in Brooklyn in the Borough Park area at 4807 Fort Hamilton Parkway. It is zoned R6, and the listing notes that the zoning allows an additional 1,750 interior square feet and a fourth level. The area is described as convenient to transportation and shopping, with nearby access to the D train to Manhattan and downtown Brooklyn.
With both units available, the home can be positioned for renovation and re-occupancy as a two-family rental, or as a redevelopment-minded conversion and expansion scenario consistent with the stated R6 zoning allowance. The existing structure plus basement provides a straightforward base for repositioning, while the noted zoning capacity supports consideration of additional building area through a planned fourth level.
The property is located in Brooklyn in the Borough Park area at 4807 Fort Hamilton Parkway. It is zoned R6, and the listing notes that the zoning allows an additional 1,750 interior square feet and a fourth level. The area is described as convenient to transportation and shopping, with nearby access to the D train to Manhattan and downtown Brooklyn.
With both units available, the home can be positioned for renovation and re-occupancy as a two-family rental, or as a redevelopment-minded conversion and expansion scenario consistent with the stated R6 zoning allowance. The existing structure plus basement provides a straightforward base for repositioning, while the noted zoning capacity supports consideration of additional building area through a planned fourth level.
Key Highlights
- Solid attached stone 2‑family townhouse with 3 levels plus basement for 3,300 interior SF total
- Both units are vacant and in need of TLC
- R6 zoning allows for an additional 1,750 interior SF and a fourth level
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.6k | $43.20 |
| − Vacancy | −$6.4k | −$1.94 |
| EGI | $136.1k | $41.26 |
| − OpEx | −$40.8k | −$12.38 |
| NOI | $95.3k | $28.88 |
3,300 SF · lease $43.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.36M
$1.19M – $1.59M
NOI $95,301 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,547 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.14M
$1.87M – $2.50M
NOI $149,751 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant two-unit townhouse offers three levels plus basement, with R6 zoning allowing an additional fourth level.
Where is this duplex located?
The property is located at 4807 Fort Hamilton Parkway Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Solid attached stone 2‑family townhouse with 3 levels plus basement for 3,300 interior SF total; Both units are vacant and in need of TLC; R6 zoning allows for an additional 1,750 interior SF and a fourth level
