Two-Unit
New
For Sale
$700,000
5518 Whitty Ln, Brooklyn, NY 11203
The occupied property contains two separate residences with distinct bedroom and bathroom configurations.
Property Size1,890 SF
Days on Market7
Property Features for 5518 Whitty Ln
General Information
Standard status
Active
Size
1,890 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$6,913
Building Details
Building Size
1,890 SF
Year Built
1940
Stories
2
Listing Agency:
eXp Realty BKNY
Listed By:
Tia Edwards-Hutchinson
(888) 276-0630
Source:
Elliman
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 16 at 10:44AM
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 eXp Realty BKNY
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Investment Insights
Based on property information with market context.
This Brooklyn duplex contains two living units: one has 1 bedroom and 1 bathroom, while the other has 3 bedrooms and 1.5 bathrooms. The property is currently occupied and is being sold as is. Built in 1940, it is located at 5518 Whitty Ln.
The property has a walk score of 81, a transit score of 85, and a bike score of 61.
The property has a walk score of 81, a transit score of 85, and a bike score of 61.
Key Highlights
- Two units: one with 1 bedroom and 1 bathroom; the other with 3 bedrooms and 1.5 bathrooms
- Currently occupied; sold as is
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,700
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,000
$1.2M
Cap Rate 7%
$824,286
$824.3K
Cap Rate 9%
$641,111
$641.1K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$107.0K $56.64/SF
− Vacancy
−$2.1K −$1.13/SF
EGI
$104.9K $55.51/SF
− OpEx
−$47.2K −$24.98/SF
NOI
$57.7K $30.53/SF
Area
Brooklyn, NY
Vacancy
2.00%
Lease Rate
$56.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,154,000
Cap Rate 7%
$824,286
Cap Rate 9%
$641,111
Alternative Uses
Best Use
Multifamily LT 5
$945.6K
$827.4K – $1.10M
NOI $66,191 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$824.3K
$721.3K – $961.7K
NOI $57,700 @ 7.0% cap · market cap 8.24%
Theoretical Best
Specialty Retail
$1.56M
$1.37M – $1.83M
NOI $109,544 @ 7.0% cap · market cap 15.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,175
Businesses Nearby
Explore this area
Business Placement
Demographics for 11203, NY
81,824
Population
33,434
Households
2.4
Avg Household Size
41
Median Age
26%
College-Educated
88%
High-School Grad
2.1 sq mi
ZIP Area
38,964
Density / Sq Mi
$68,028
Median Household Income
$47,302
Median Earnings
$1,566
Median Rent
$677,700
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
Frequently Asked Questions
What type of property is this?
Duplex - The occupied property contains two separate residences with distinct bedroom and bathroom configurations.
Where is this duplex located?
The property is located at 5518 Whitty Ln Brooklyn, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two units: one with 1 bedroom and 1 bathroom; the other with 3 bedrooms and 1.5 bathrooms; Currently occupied; sold as is; Built in 1940
