Two-Family Brownstone
For Sale
$2,295,000
519 MONROE St, Brooklyn, NY 11221
Four-story duplex-over-duplex home with 5 bedrooms, 4.5 baths, and separate laundry for each residence.
Property Size3,000 SF
Price / SF$765
Days on Market9
Property Features for 519 MONROE St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Building Size
760 SF
Year Built
1899
Stories
4
Construction
brownstone
Tenancy
Multi
Listing Agency:
(347) 906-0871
Listed By:
Elizabeth Mendoza · License #10401365550
(347) 906-0871
Source:
Elliman
Added: Jul 24
Changed: Jul 25
Last Checked: Aug 1 at 6:43AM
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 Elizabeth Mendoza
Investment Insights
Based on property information with market context.
This restored two-family brownstone offers a flexible duplex-over-duplex layout across four stories. The lower duplex includes an open-concept living and dining area, a kitchen with stainless steel appliances, abundant cabinetry, a center island, and a peninsula with seating, plus a powder room and direct access to a private backyard. A finished lower level with nearly seven-foot ceilings, a full bathroom, and additional bonus space provides options for a home office, fitness area, media or recreation use, or other permitted uses. The parlor level features two bedrooms and a full bathroom with a double vanity.
The upper duplex includes a bright living space with exposed brick and recessed lighting, a modern white kitchen with stainless steel appliances and a breakfast bar, and a bedroom with a full bathroom. The upper floor includes two additional bedrooms, another full bathroom, ample storage, and a dedicated laundry area. Separate laundry for each residence adds convenience. Located in Bedford-Stuyvesant, the home is described as very walkable and a rider’s paradise, with bike and transit access to support commuting throughout Brooklyn and Manhattan.
The upper duplex includes a bright living space with exposed brick and recessed lighting, a modern white kitchen with stainless steel appliances and a breakfast bar, and a bedroom with a full bathroom. The upper floor includes two additional bedrooms, another full bathroom, ample storage, and a dedicated laundry area. Separate laundry for each residence adds convenience. Located in Bedford-Stuyvesant, the home is described as very walkable and a rider’s paradise, with bike and transit access to support commuting throughout Brooklyn and Manhattan.
Key Highlights
- Two‑family, four‑story brownstone built in 1899 with 3,000+ SF and 5 bedrooms, 4.5 bathrooms
- Duplex‑over‑duplex layout with flexible living setup for owner‑occupancy or rental use
- Separate laundry for each residence for added convenience
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 | $153.0k | $51.00 |
| − Vacancy | −$2.9k | −$0.97 |
| EGI | $150.1k | $50.03 |
| − OpEx | −$45.0k | −$15.01 |
| NOI | $105.1k | $35.02 |
3,000 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 3.99%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,302
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
Market
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 - Four-story duplex-over-duplex home with 5 bedrooms, 4.5 baths, and separate laundry for each residence.
Where is this duplex located?
The property is located at 519 MONROE St Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Two‑family, four‑story brownstone built in 1899 with 3,000+ SF and 5 bedrooms, 4.5 bathrooms; Duplex‑over‑duplex layout with flexible living setup for owner‑occupancy or rental use; Separate laundry for each residence for added convenience
