Duplex with Finished
483 Ashford St, Brooklyn, NY 11207
For Sale
$1,197,000
Two residential levels offer separate living and kitchen areas, with additional finished space below grade.
Property Size2,000 SF
Price / SF$598.50
Days on Market15
Property Features for 483 Ashford St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Renovated
Buildings
Stories
Listing Agency:
Neighborhood Elite Homes LLC
Listed By:
Minhazur Rahman
(347) 885-0408
Source:
Exprealty
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 7:44AM
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 Neighborhood Elite Homes LLC
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Investment Insights
Based on property information with market context.
This duplex has two residential floors and a finished basement with two exterior entrances and one interior entrance. The first floor contains three bedrooms and two full bathrooms; the second has four bedrooms and two full bathrooms. Each floor includes an open kitchen and living area. The basement has an additional full bathroom and ceilings approximately 8 feet high.
Renovation work completed in 2026 included a new roof, modern kitchens, stainless steel appliances, tile, and wood flooring. The property has five full bathrooms across the two floors and basement. Building permits, an architect’s plan, and building department approval are identified as part of the renovation.
Renovation work completed in 2026 included a new roof, modern kitchens, stainless steel appliances, tile, and wood flooring. The property has five full bathrooms across the two floors and basement. Building permits, an architect’s plan, and building department approval are identified as part of the renovation.
Key Highlights
- Two residential floors with three bedrooms and two full bathrooms on the first level
- Second level includes four bedrooms and two full bathrooms
- Finished basement with two exterior entrances, one interior entrance, and a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,043
Cap Rate
5.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,400,860
$1.4M
Cap Rate 7%
$1,000,614
$1.0M
Cap Rate 9%
$778,256
$778.3K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$102.0K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$100.1K $50.03/SF
− OpEx
−$30.0K −$15.01/SF
NOI
$70.0K $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%
$1,400,860
Cap Rate 7%
$1,000,614
Cap Rate 9%
$778,256
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$875.5K – $1.17M
NOI $70,043 @ 7.0% cap · market cap 5.85%
Second Best
Apartment 5plus
$872.3K
$763.2K – $1.02M
NOI $61,058 @ 7.0% cap · market cap 5.10%
Theoretical Best
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,785
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Market
Average Price Trend$/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 - Two residential levels offer separate living and kitchen areas, with additional finished space below grade.
Where is this duplex located?
The property is located at 483 Ashford St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,197,000.
What are key features of this property?
This property features: Two residential floors with three bedrooms and two full bathrooms on the first level; Second level includes four bedrooms and two full bathrooms; Finished basement with two exterior entrances, one interior entrance, and a full bathroom
