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    Brooklyn Two-Family Brick Home Title is generated by Realmo AI

    565 E 81st Street, Brooklyn, NY 11236

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    Claim this Listing
    For Sale
    $950,000

    MULTI_FAMILY - Brooklyn, NY

    Property size:
    2,304 SF
    Lot size:
    0.04 Acres
    Price / SF:
    $412/SF
    Added:
    Sep 21, 2025
    Days on Market:
    264
    Last Refresh:
    Jun 11 at 4:06 am

    Property Features for 565 E 81st Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R5B
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Bathroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 5, Bedroom 1
    Parking features
    Garage - Attached
    Interior features
    Refrigerator, Stove
    Basement
    Finished, Full
    Standard status
    Active
    Size
    2,304 SF
    Lot size
    0.04 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7662

    Building Details

    Year built
    1960
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Hardwood
    Building materials
    Brick

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    Listing Contact
    Kwesi Cunningham

    Listing agent Kwesi Cunningham

    Listing office Excell Choice Realty 495 Flatbush Avenue, Brooklyn, NY

    Listing date Sep 21, 2025

    MLS# 495991 Listing URL

    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.

    HighLights

    • Two‑family brick home in Canarsie, Brooklyn, built in 1960
    • Duplex unit layout: 3‑bedroom over a 2‑bedroom unit
    • Finished basement includes a half bath and space for washer/dryer setup
    • Interior includes hardwood flooring and kitchen appliances including a refrigerator and stove
    • Attached garage connected to the finished basement and leads to the backyard
    • Backyard space with access via the two‑car garage

    Overview

    This two-family brick home is located in Canarsie, Brooklyn. The property features a 3-bedroom duplex over a 2-bedroom unit with a finished basement. The main floor of the duplex unit has a living room, dining room, kitchen, and a half bath. The top floor has three nice-sized bedrooms and a full bath. The additional two-bedroom, one-full-bath unit is suitable for additional rental income. The finished basement is a versatile space that can be converted. It includes a half bath and space for a washer and dryer setup. The basement also connects to a two-car garage, which leads to the backyard. The backyard space is suitable for entertaining. The home is close to restaurants, shopping, a gym, and other amenities. The property is zoned R5B and the lot size is 0.0413 acres. The property size is 2304 square feet.

    Local Financial Insights For Multifamily LT 5

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $117.5k $51.00
    − Vacancy −$2.2k −$0.97
    EGI $115.3k $50.03
    − OpEx −$34.6k −$15.01
    NOI $80.7k $35.02
    2,304 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $1.15M
    $1.01M – $1.34M (±1% cap)
    NOI $80,690 @ 7.0% cap · market cap 8.49%
    Second Best
    Apartment 5plus
    $1.00M
    $879.2K – $1.17M (±1% cap)
    NOI $70,339 @ 7.0% cap · market cap 7.40%
    Theoretical Best
    Specialty Retail
    $1.91M
    $1.67M – $2.23M (±1% cap)
    NOI $133,540 @ 7.0% cap · market cap 14.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.916641
    Latitude
    40.640031

    FAQs

    What type of property is this?
    Duplex - Two-family brick home in Canarsie, Brooklyn with finished basement.
    Where is this duplex located?
    The property is located at 565 E 81st Street Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Two‑family brick home in Canarsie, Brooklyn, built in 1960; Duplex unit layout: 3‑bedroom over a 2‑bedroom unit; Finished basement includes a half bath and space for washer/dryer setup
    More about this property
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