Two-Family Duplex with
544 VAN BUREN Street, Brooklyn, NY 11221
For Sale
$1,899,000
A renovated brick residence pairs a three-bedroom owner’s home with a separate one-bedroom apartment and private outdoor space.
Property Size2,850 SF
Lot Size0.04 Acres
Price / SF$666.32
Days on Market122
Property Features for 544 VAN BUREN Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Public Transit
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Year Renovated
Buildings
Construction
Listing Agency:
Corcoran Group
Listed By:
Anthony L Morris · License NY 30MO0951810
(646) 523-5711
Source:
Dallien
Added: Jul 12
Changed: Nov 7
Last Checked: Nov 9 at 8:44PM
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 Corcoran Group
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Investment Insights
Based on property information with market context.
This 2,850-square-foot brick property is configured as a legal two-family residence, with an owner’s three-bedroom, one-and-a-half-bathroom home spanning the basement and first two floors, plus a separate one-bedroom, one-bathroom apartment on the top floor. The owner’s unit includes a finished basement with laundry, and the property has a south-facing garden. Built in 1899 and gut-renovated in 2006, the home occupies a 19-by-100-foot lot. Public records indicate a 3.0 residential FAR and approximately 5,700 square feet of maximum buildable area, compared with approximately 2,850 square feet currently built. Any expansion would require review of applicable zoning, approvals, and independent due diligence.
The property is on Van Buren Street in Brooklyn, near the Bedford-Stuyvesant and Bushwick border. Nearby transportation includes the J and Z trains at Kosciuszko Street, as well as the B38, B46, B46-SBS, B47, B52, and Q24 bus lines.
The property is on Van Buren Street in Brooklyn, near the Bedford-Stuyvesant and Bushwick border. Nearby transportation includes the J and Z trains at Kosciuszko Street, as well as the B38, B46, B46-SBS, B47, B52, and Q24 bus lines.
Key Highlights
- Legal two‑family layout: three‑bedroom, 1.5‑bath owner’s residence and separate one‑bedroom, one‑bath apartment
- 2,850 square feet on a 19' x 100' lot
- Public records indicate 3.0 residential FAR and approximately 5,700 square feet of maximum buildable area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,812
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,996,240
$2.0M
Cap Rate 7%
$1,425,886
$1.4M
Cap Rate 9%
$1,109,022
$1.1M
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$145.4K $51.00/SF
− Vacancy
−$2.8K −$0.97/SF
EGI
$142.6K $50.03/SF
− OpEx
−$42.8K −$15.01/SF
NOI
$99.8K $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%
$1,996,240
Cap Rate 7%
$1,425,886
Cap Rate 9%
$1,109,022
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,812 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$1.24M
$1.09M – $1.45M
NOI $87,008 @ 7.0% cap · market cap 4.58%
Theoretical Best
Specialty Retail
$2.36M
$2.06M – $2.75M
NOI $165,186 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,584
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 - A renovated brick residence pairs a three-bedroom owner’s home with a separate one-bedroom apartment and private outdoor space.
Where is this duplex located?
The property is located at 544 VAN BUREN Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: Legal two‑family layout: three‑bedroom, 1.5‑bath owner’s residence and separate one‑bedroom, one‑bath apartment; 2,850 square feet on a 19' x 100' lot; Public records indicate 3.0 residential FAR and approximately 5,700 square feet of maximum buildable area
