Two-Family Residence with Buildable
50 Lake Street Brooklyn, NY 11223
New
50 Lake Street, Brooklyn, NY, 11223
$1,080,000
For Sale
$1,080,000
MULTI_FAMILY - Brooklyn, NY
Property Size1,600 SF
Lot Size0.05 Acres
Price / SF$675
Days on Market3
Property Features for 50 Lake Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- Driveway
- Interior features
- First Floor Bedroom, First Floor Full Bath, Open Kitchen
- Standard status
- Active
- APN
- 06679-0027
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9194
Utilities
- Utilities
- Water Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1955
- Number of units
- 2
- Building materials
- Brick
Listing Agency
Winzone Realty Inc
(718) 899-7000
8115 Queens Blvd Ste 2A, ELMHURST, NY
Listed by
Chung Kit Cheung
(646) 942-8477
Added: Jul 16 Checked: Jul 18 at 2:06 am
MLS# 1027300
Listing URL
Copyright © 2026 OneKey MLS. 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 two-family residence offers a total building size of 1,600 sq ft and sits on a 2,100 sq ft lot. The property also includes an additional 1,400 sq ft of buildable area, and it is located in an R5A zoning district.
Situated in the heart of Gravesend, the home is described as being steps from King Highway, with nearby supermarket, restaurant, and park access. The listing also notes it is one block to the F train.
As presented, the offering provides both an existing two-family structure and additional buildable area within the stated R5A zoning district.
Situated in the heart of Gravesend, the home is described as being steps from King Highway, with nearby supermarket, restaurant, and park access. The listing also notes it is one block to the F train.
As presented, the offering provides both an existing two-family structure and additional buildable area within the stated R5A zoning district.
Key Highlights
- 2‑family brick home built in 1955 with 1,600 sq ft building size
- Additional buildable area of 1,400 sq ft on a 2,100 sq ft lot
- Zoned R5A
Local 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 | $81.6k | $51.00 |
| − Vacancy | −$1.6k | −$0.97 |
| EGI | $80.0k | $50.03 |
| − OpEx | −$24.0k | −$15.01 |
| NOI | $56.0k | $35.02 |
1,600 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$800.5K
$700.4K – $933.9K
NOI $56,035 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$697.8K
$610.6K – $814.1K
NOI $48,846 @ 7.0% cap · market cap 4.52%
Theoretical Best
Specialty Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family home in Gravesend with 1,400 sq ft of additional buildable area in an R5A zoning district.
Where is this duplex located?
The property is located at 50 Lake Street 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: 2‑family brick home built in 1955 with 1,600 sq ft building size; Additional buildable area of 1,400 sq ft on a 2,100 sq ft lot; Zoned R5A
