Two-Unit Duplex with Finished
605 Sheffield Avenue, Brooklyn, NY 11207
For Sale
New
$1,149,000
Pending
Two separate apartments offer a three-bedroom layout and a four-bedroom layout, with finished lower-level space.
Property Size2,200 SF
Days on Market4
Property Features for 605 Sheffield Avenue
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Finished,Full
4
Yes
7
First Floor Bedroom
Finished, Full
Public
No
Shared Driveway
2200
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(516) 788-8382
Listed By:
Ace Kalia
Source:
Sunluxrealty
Added: Nov 10
Changed: Nov 13
Last Checked: Nov 13 at 4:19AM
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 Ace Kalia
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Investment Insights
Based on property information with market context.
This legal two-family duplex contains two apartments: one with 3 bedrooms and 2 bathrooms, and another with 4 bedrooms and 2 bathrooms. A finished basement adds further interior space. The property measures 2,200 square feet and was built in 1910.
Updates include a replacement roof and windows, along with improvements to the electrical and plumbing systems and exterior capping. The home is at 605 Sheffield Avenue in Brooklyn, New York.
Updates include a replacement roof and windows, along with improvements to the electrical and plumbing systems and exterior capping. The home is at 605 Sheffield Avenue in Brooklyn, New York.
Key Highlights
- Two legal residential units: one 3‑bedroom, 2‑bathroom apartment and one 4‑bedroom, 2‑bathroom apartment
- Finished basement provides additional interior space
- 2,200 square feet; built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,048
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,540,960
$1.5M
Cap Rate 7%
$1,100,686
$1.1M
Cap Rate 9%
$856,089
$856.1K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$112.2K $51.00/SF
− Vacancy
−$2.1K −$0.97/SF
EGI
$110.1K $50.03/SF
− OpEx
−$33.0K −$15.01/SF
NOI
$77.0K $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%
$1,540,960
Cap Rate 7%
$1,100,686
Cap Rate 9%
$856,089
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$963.1K – $1.28M
NOI $77,048 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$959.5K
$839.6K – $1.12M
NOI $67,164 @ 7.0% cap · market cap 5.85%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.13M
NOI $127,512 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,336
Businesses Nearby
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Business Placement
Demographics for 11207, NY
100,330
Population
38,030
Households
2.6
Avg Household Size
35
Median Age
19%
College-Educated
81%
High-School Grad
2.7 sq mi
ZIP Area
37,159
Density / Sq Mi
$55,419
Median Household Income
$41,008
Median Earnings
$1,443
Median Rent
$657,400
Median Home Value
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Market
Average Price Trend$/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 - Two separate apartments offer a three-bedroom layout and a four-bedroom layout, with finished lower-level space.
Where is this duplex located?
The property is located at 605 Sheffield Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Two legal residential units: one 3‑bedroom, 2‑bathroom apartment and one 4‑bedroom, 2‑bathroom apartment; Finished basement provides additional interior space; 2,200 square feet; built in 1910
