Two-Family
For Sale
$2,195,000
490 Irving Avenue, Brooklyn, NY 11237
Newly built duplex with custom interiors, private outdoor space, and layouts suited to multi-generational living or rental use.
Property Size3,288 SF
Price / SF$667.58
Days on Market152
Property Features for 490 Irving Avenue
General Information
Standard status
Active
Size
3,288 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,967
Building Details
Building Size
3,288 SF
Year Built
2025
Buildings
1
Listing Agency:
R New York
(917) 344-0205
Listed By:
Tatyana Salvatore
(917) 344-0205
Source:
Cbwarburg
Added: Mar 5
Changed: Aug 4
Last Checked: Aug 4 at 6:06AM
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 R New York
Investment Insights
Based on property information with market context.
This two-family townhouse delivers 3,288 square feet of newly built residential space, completed in 2025. The interiors feature open-concept living areas, wide-plank hardwood flooring, a custom kitchen with premium cabinetry, Calacatta Gold marble countertops, stainless steel appliances, and a skylight. The property also includes generously sized bedrooms, spa-inspired bathrooms, a custom laundry room, modern mechanical systems, and a backyard for outdoor use.
Located at 490 Irving Avenue in Brooklyn, the home is near cafes, bakeries, restaurants, parks, and green spaces. Transportation options provide connectivity to Manhattan and surrounding neighborhoods. Its two-family configuration supports owner occupancy, multi-generational living, or rental use.
Located at 490 Irving Avenue in Brooklyn, the home is near cafes, bakeries, restaurants, parks, and green spaces. Transportation options provide connectivity to Manhattan and surrounding neighborhoods. Its two-family configuration supports owner occupancy, multi-generational living, or rental use.
Key Highlights
- 3,288 Sqft two‑family townhouse at 490 Irving Avenue
- Built in 2025 with modern mechanical systems
- Custom kitchen with premium cabinetry and Calacatta Gold marble countertops
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 | $167.7k | $51.00 |
| − Vacancy | −$3.2k | −$0.97 |
| EGI | $164.5k | $50.03 |
| − OpEx | −$49.4k | −$15.01 |
| NOI | $115.2k | $35.02 |
3,288 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.92M
NOI $115,151 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$1.43M
$1.25M – $1.67M
NOI $100,379 @ 7.0% cap · market cap 4.57%
Theoretical Best
Specialty Retail
$2.72M
$2.38M – $3.18M
NOI $190,572 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,619
Businesses Nearby
Explore this area
Business Placement
Demographics for 11237, NY
49,418
Population
18,801
Households
2.6
Avg Household Size
31
Median Age
41%
College-Educated
76%
High-School Grad
1.0 sq mi
ZIP Area
49,418
Density / Sq Mi
$82,570
Median Household Income
$43,421
Median Earnings
$2,109
Median Rent
$1,063,700
Median Home Value
Market
Properties on Market for Duplexes in Brooklyn
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 - Newly built duplex with custom interiors, private outdoor space, and layouts suited to multi-generational living or rental use.
Where is this duplex located?
The property is located at 490 Irving Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 3,288 Sqft two‑family townhouse at 490 Irving Avenue; Built in 2025 with modern mechanical systems; Custom kitchen with premium cabinetry and Calacatta Gold marble countertops
