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 Size760 SF
Price / SF$765
Days on Market61
Property Features for 519 MONROE St
General Information
Standard status
Active
Size
760 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$51,708
Building Details
Building Size
760 SF
Year Built
1899
Stories
3
Units
2
Construction
brownstone
Tenancy
Multi
Listed By:
Elizabeth Mendoza · License #10401365550
(347) 906-0871
Source:
Elliman
Added: Jul 24
Changed: Sep 13
Last Checked: Sep 21 at 7:36AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,065
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.58%
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
