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Building Details

Year built 1940

Floors in Building 2

Number of units 2

Flooring type Hardwood

Building materials Brick

Roof type Rubber

Listing Agency: eXp Realty BKNY

Listed By: Tia Edwards-Hutchinson Show Phone

Added: Oct 9 Changed: Oct 13 Last Checked: Oct 15 at 4:06PM

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MLS# 505236

Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

At 5518 Whitty Lane, this 1,890-square-foot duplex contains two residences: one with 1 bedroom and 1 bathroom, and another with 3 bedrooms and 1.5 bathrooms. The building dates to 1940 and has brick construction, hardwood flooring, a rubber roof, and an attached garage. The property is currently occupied and offered as-is.

The parcel measures 0.0393 acres and is zoned R4. The property is in Brooklyn, New York.

Key Highlights

• Two residences: one with 1 bedroom and 1 bathroom; the other with 3 bedrooms and 1.5 bathrooms
• 1,890 square feet on a 0.0393‑acre parcel
• Currently occupied; offered as‑is

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

Is this asking price fair?

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 (±1% cap)

NOI $66,191 @ 7.0% cap · market cap 9.46%

Second Best

Apartment 5plus

$824.3K

$721.3K – $961.7K (±1% cap)

NOI $57,700 @ 7.0% cap · market cap 8.24%

Theoretical Best

Specialty Retail

$1.56M

$1.37M – $1.83M (±1% cap)

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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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two occupied residences feature one-bedroom and three-bedroom layouts, with one and one-and-a-half bathrooms, respectively.

Where is this duplex located?

The property is located at 5518 Whitty Lane 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 residences: one with 1 bedroom and 1 bathroom; the other with 3 bedrooms and 1.5 bathrooms; 1,890 square feet on a 0.0393‑acre parcel; Currently occupied; offered as‑is