Two-Family Brownstone
519 MONROE St, Brooklyn, NY 11221
For Sale
$2,195,000
Four-story duplex-over-duplex home with 5 bedrooms, 4.5 baths, and separate laundry for each residence.
Property Size760 SF
Price / SF$731.67
Days on Market110
Property Features for 519 MONROE St
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Construction
Tenancy
Listing Agency:
280 Metropolitan
Listed By:
Elizabeth Mendoza · License NY #10401365550
(347) 906-0871
Source:
Elliman
Added: Jul 24
Changed: Nov 10
Last Checked: Nov 8 at 7:33AM
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 280 Metropolitan
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Investment Insights
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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
Estimated NOI and Cap Rate
NOI / Yr
$105,065
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,300
$2.1M
Cap Rate 7%
$1,500,929
$1.5M
Cap Rate 9%
$1,167,389
$1.2M
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$153.0K $51.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$150.1K $50.03/SF
− OpEx
−$45.0K −$15.01/SF
NOI
$105.1K $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%
$2,101,300
Cap Rate 7%
$1,500,929
Cap Rate 9%
$1,167,389
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,065 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$1.31M
$1.14M – $1.53M
NOI $91,587 @ 7.0% cap · market cap 4.17%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.90M
NOI $173,880 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,302
Businesses Nearby
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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
$1,061,400
Median Home Value
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Market
Average Price Trend$/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 - 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 $2,195,000.
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
