Detached Duplex with
For Sale
$1,198,000
5007 Surf Avenue, Brooklyn, NY 11224
Residential, Brooklyn, NY
Property Size2,432 SF
Lot Size0.20 Acres
Price / SF$492.60
Days on Market47
Property Features for 5007 Surf Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3-1
Bedrooms
3
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 2
Parking features
Garage - Detached
Patio and Porch features
Porch, Patio, Deck
Interior features
Deck, Dishwasher, Fireplace, Laundry Area, Patio Garden, Pool, Porch, Refrigerator, Stove, Terrace, Washer
Fireplace
1
Basement
Full, Finished
Subdivision
Seagate
Standard status
Active
Size
2,432 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
6771
Amenities
wood deck
patio/garden area
storage house
shed
fire pit
enclosed garden
above-ground pool
decking
working fireplace
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Flooring type
Tile, Hardwood
Roof type
Asphalt
Buildings
1
Listing Agency:
Compass Greater NY, LLC
Listed By:
Kurt Vikki · License #10401239518
(212) 913-9058
Added: Sep 21
Changed: Oct 28
Last Checked: Nov 6 at 4:06AM
MLS# 504742
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.
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Investment Insights
Based on property information with market context.
This detached duplex is currently arranged as a single-family residence across three levels, with 2,432 square feet of living space on a 0.2013-acre lot. The first floor includes a living room with a working fireplace, formal dining room, sitting room, kitchen, and half bath. Three bedrooms, a full bathroom, laundry area, and linen storage occupy the second floor, while the third floor provides an attic room and additional storage. The basement adds open space with direct rear access.
Outdoor amenities include a front porch, rear deck, patio and garden areas, storage structures, an enclosed garden, fire pit, above-ground pool, and a full driveway leading to a detached garage. The property was built in 1930 and includes hardwood and tile flooring, a dishwasher, refrigerator, stove, and washer. Zoning is R3-1, and the property is identified as a duplex.
Outdoor amenities include a front porch, rear deck, patio and garden areas, storage structures, an enclosed garden, fire pit, above-ground pool, and a full driveway leading to a detached garage. The property was built in 1930 and includes hardwood and tile flooring, a dishwasher, refrigerator, stove, and washer. Zoning is R3-1, and the property is identified as a duplex.
Key Highlights
- 2,432 square feet on a 0.2013‑acre lot
- Two‑family property currently used as a single‑family residence
- Three floors plus an open basement with rear yard access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,173
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,703,460
$1.7M
Cap Rate 7%
$1,216,757
$1.2M
Cap Rate 9%
$946,367
$946.4K
Market Conditions
NOI Build-Up for 2,432 SF
Gross rent
$124.0K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$121.7K $50.03/SF
− OpEx
−$36.5K −$15.01/SF
NOI
$85.2K $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%
$1,703,460
Cap Rate 7%
$1,216,757
Cap Rate 9%
$946,367
Alternative Uses
Best Use
Multifamily LT 5
$1.22M
$1.06M – $1.42M
NOI $85,173 @ 7.0% cap · market cap 7.11%
Second Best
Apartment 5plus
$1.06M
$928.1K – $1.24M
NOI $74,246 @ 7.0% cap · market cap 6.20%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.35M
NOI $140,959 @ 7.0% cap · market cap 11.77%
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
365
Businesses Nearby
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Business Placement
Demographics for 11224, NY
46,019
Population
21,354
Households
2.2
Avg Household Size
46
Median Age
33%
College-Educated
82%
High-School Grad
1.6 sq mi
ZIP Area
28,762
Density / Sq Mi
$41,449
Median Household Income
$41,233
Median Earnings
$905
Median Rent
$512,900
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 - Three-level residence with private outdoor areas, a detached garage, and adaptable two-family configuration.
Where is this duplex located?
The property is located at 5007 Surf Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,198,000.
What are key features of this property?
This property features: 2,432 square feet on a 0.2013‑acre lot; Two‑family property currently used as a single‑family residence; Three floors plus an open basement with rear yard access
