Renovated Two-Family
For Sale
$899,000
661 Sheffield Ave, Brooklyn, NY 11207
Residential Income, Brooklyn, NY
Property Size1,230 SF
Lot Size0.08 Acres
Price / SF$730.89
Days on Market18
Property Features for 661 Sheffield Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
7
Bathrooms
5
Half bathrooms
5
Rooms
Bedroom 6, Bathroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 5, Bedroom 2, Bedroom 4, Bedroom 7, Bedroom 5, Bathroom 2, Bedroom 1
Interior features
Entrance Foyer, Master Downstairs
Subdivision
East New York
Standard status
Active
Size
1,230 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Annual Amount
2994
Utilities
Heating system
Natural Gas
Building Details
Floors in Building
3
Buildings
1
Listing Agency:
5 BORO REALTY CORP
(917) 705-0005
Listed By:
Nina Sabag
855-305-DEAL
Added: Oct 9
Changed: Oct 25
Last Checked: Oct 26 at 8:06PM
MLS# 12042148
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-family duplex offers 7 bedrooms and 5 bathrooms, with a finished basement adding to its interior configuration. The property measures 1,230 square feet and occupies a 0.084-acre lot. Renovation work was completed approximately two years ago, and heating is provided by natural gas.
Interior details include an entrance foyer and a master bedroom on the downstairs level. The property is located in Brooklyn, New York.
Interior details include an entrance foyer and a master bedroom on the downstairs level. The property is located in Brooklyn, New York.
Key Highlights
- Two‑family duplex with 7 bedrooms and 5 bathrooms
- Finished basement
- 1,230 square feet on a 0.084‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,077
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$861,540
$861.5K
Cap Rate 7%
$615,386
$615.4K
Cap Rate 9%
$478,633
$478.6K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$62.7K $51.00/SF
− Vacancy
−$1.2K −$0.97/SF
EGI
$61.5K $50.03/SF
− OpEx
−$18.5K −$15.01/SF
NOI
$43.1K $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%
$861,540
Cap Rate 7%
$615,386
Cap Rate 9%
$478,633
Alternative Uses
Best Use
Multifamily LT 5
$615.4K
$538.5K – $718.0K
NOI $43,077 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$536.4K
$469.4K – $625.9K
NOI $37,551 @ 7.0% cap · market cap 4.18%
Theoretical Best
Specialty Retail
$1.02M
$891.1K – $1.19M
NOI $71,291 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,339
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - A finished basement and seven-bedroom layout provide additional space within this two-family residence.
Where is this duplex located?
The property is located at 661 Sheffield Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Two‑family duplex with 7 bedrooms and 5 bathrooms; Finished basement; 1,230 square feet on a 0.084‑acre lot
