Spacious Brick Duplex in
For Sale
$825,000
Pending
637 SARATOGA Ave, Brooklyn, NY 11212
Two-family brick duplex in a desirable Brooklyn neighborhood.
Property Size2,196 SF
Lot Size0.06 Acres
Days on Market338
Property Features for 637 SARATOGA Ave
General Information
Standard status
Pending
Size
2,196 SF
Lot size
0.06 Acres
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,772
Building Details
Building Size
2,196 SF
Units
2
Listing Agency:
Brown Harris Stevens Residential Sales LLC
Listed By:
Budhram Ramkissoon
(646) 842-1110
Source:
Elliman
Added: Nov 27, 2025
Changed: Oct 25
Last Checked: Oct 30 at 2:31PM
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 Brown Harris Stevens Residential Sales LLC
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Investment Insights
Based on property information with market context.
This spacious two-family brick duplex is located in a desirable Brooklyn neighborhood. The property is situated close to the #3 and #4 trains. The duplex features four bedrooms and two bathrooms. The solid brick exterior and prime location in a desirable area add significant value to this property, making it a great long-term investment. This property presents a fantastic opportunity for those who want to personalize it for their own use or as an investment.
Key Highlights
- Spacious 4‑bedroom, 2‑bath duplex.
- Located in a desirable neighborhood.
- Close proximity to the #3 and #4 trains.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,042
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,840
$1.3M
Cap Rate 7%
$957,743
$957.7K
Cap Rate 9%
$744,911
$744.9K
Market Conditions
NOI Build-Up for 2,196 SF
Gross rent
$124.4K $56.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$121.9K $55.51/SF
− OpEx
−$54.9K −$24.98/SF
NOI
$67.0K $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%
$1,340,840
Cap Rate 7%
$957,743
Cap Rate 9%
$744,911
Alternative Uses
Best Use
Multifamily LT 5
$1.10M
$961.4K – $1.28M
NOI $76,908 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$957.7K
$838.0K – $1.12M
NOI $67,042 @ 7.0% cap · market cap 8.13%
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,280 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
3,708
Businesses Nearby
Explore this area
Business Placement
Demographics for 11212, NY
91,574
Population
34,782
Households
2.6
Avg Household Size
36
Median Age
16%
College-Educated
78%
High-School Grad
1.5 sq mi
ZIP Area
61,049
Density / Sq Mi
$40,060
Median Household Income
$32,553
Median Earnings
$1,231
Median Rent
$549,400
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 - Two-family brick duplex in a desirable Brooklyn neighborhood.
Where is this duplex located?
The property is located at 637 SARATOGA Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Spacious 4‑bedroom, 2‑bath duplex.; Located in a desirable neighborhood.; Close proximity to the #3 and #4 trains.
