Two-Family Duplex with Finished
685 Essex Street, Brooklyn, NY 11208
For Sale
$1,075,000
Residential, Brooklyn, NY
Property Size2,120 SF
Lot Size0.06 Acres
Price / SF$507.08
Days on Market48
Property Features for 685 Essex Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Interior features
Basement
Subdivision
Standard status
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Amenities
finished basement
backyard
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Listing Agency:
Excell Choice Realty
Listed By:
Jeloni Cunningham
(718) 705-4646
Added: Sep 23
Changed: Nov 7
Last Checked: Nov 9 at 12:06PM
MLS# 504816
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.
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Investment Insights
Based on property information with market context.
This 2,120-square-foot, brick, semi-detached duplex in Brooklyn contains two residences, each with three bedrooms and one bathroom. The first-floor home also has a living room and dining room. Hardwood flooring runs throughout, and the property includes a full finished basement with a separate entrance, backyard space, and a parking space. Refrigerator and stove are included.
Built in 1930, the property occupies a 0.0574-acre lot and is zoned R5.
Built in 1930, the property occupies a 0.0574-acre lot and is zoned R5.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 2,120 square feet in a brick, semi‑detached building
- Full finished basement with a separate entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,421
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,420
$1.1M
Cap Rate 7%
$777,443
$777.4K
Cap Rate 9%
$604,678
$604.7K
Market Conditions
NOI Build-Up for 2,120 SF
Gross rent
$81.4K $38.40/SF
− Vacancy
−$3.7K −$1.73/SF
EGI
$77.7K $36.67/SF
− OpEx
−$23.3K −$11.00/SF
NOI
$54.4K $25.67/SF
Area
ZIP 11208
Vacancy
4.50%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,088,420
Cap Rate 7%
$777,443
Cap Rate 9%
$604,678
Alternative Uses
Best Use
Multifamily LT 5
$777.4K
$680.3K – $907.0K
NOI $54,421 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$692.2K
$605.7K – $807.6K
NOI $48,457 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,802 @ 7.0% cap · market cap 8.45%
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
2,161
Businesses Nearby
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Business Placement
Demographics for 11208, NY
101,958
Population
37,261
Households
2.7
Avg Household Size
35
Median Age
16%
College-Educated
82%
High-School Grad
2.7 sq mi
ZIP Area
37,762
Density / Sq Mi
$59,988
Median Household Income
$40,156
Median Earnings
$1,563
Median Rent
$638,200
Median Home Value
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Market
Average Price Trend$/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 three-bedroom residences are complemented by a finished lower level with its own entrance and backyard access.
Where is this duplex located?
The property is located at 685 Essex Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 2,120 square feet in a brick, semi‑detached building; Full finished basement with a separate entrance
