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Williamsburg Two-Family Home Opportunity
For Sale
$1,700,000
Pending

68A Middleton Street, Brooklyn, NY 11206

Two-family home in Williamsburg with updated boiler and hot water.

Property Size1,920 SF
Days on Market563

Property Features for 68A Middleton Street

General Information

Standard status Pending
Size 1,920 SF
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $2,093

Building Details

Year Built 1901
Listing Agency: RE/MAX Edge
Listed By: Cynthia Mora · License #10401320699
Source: Exitrealty
Added: Mar 28, 2025 Changed: Oct 4 Last Checked: Oct 4 at 8:03AM

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 RE/MAX Edge

Investment Insights

Based on property information with market context.

This two-family home is located on Middleton Street in Williamsburg. Sold as-is, this property offers potential for a buyer looking to bring their vision to life. The home features a recently updated boiler and hot water heater, both installed approximately one year ago. The property is situated in a neighborhood with access to schools, shops, and public transportation. The backyard offers outdoor potential. The property will be delivered vacant.

Key Highlights

  • Two‑family home in Williamsburg.
  • Recently updated boiler and hot water heater (approximately one year old).
  • Delivered vacant.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$67,242
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,840 $1.3M
Cap Rate 7%
$960,600 $960.6K
Cap Rate 9%
$747,133 $747.1K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$97.9K $51.00/SF
− Vacancy
−$1.9K −$0.97/SF
EGI
$96.1K $50.03/SF
− OpEx
−$28.8K −$15.01/SF
NOI
$67.2K $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%
$1,344,840
Cap Rate 7%
$960,600
Cap Rate 9%
$747,133

Alternative Uses

Best Use
Multifamily LT 5
$960.6K
$840.5K – $1.12M (±1% cap)
NOI $67,242 @ 7.0% cap · market cap 3.96%
Second Best
Apartment 5plus
$837.4K
$732.7K – $976.9K (±1% cap)
NOI $58,616 @ 7.0% cap · market cap 3.45%
Theoretical Best
Specialty Retail
$1.59M
$1.39M – $1.85M (±1% cap)
NOI $111,283 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Law Firm Nursing Home Acupuncture Real Estate Agency (Bike/Boat/Book/etc) Store Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,856
Businesses Nearby

Demographics for 11206, NY

91,549
Population
34,838
Households
2.6
Avg Household Size
30
Median Age
36%
College-Educated
77%
High-School Grad
1.4 sq mi
ZIP Area
65,392
Density / Sq Mi
$57,280
Median Household Income
$44,145
Median Earnings
$1,558
Median Rent
$822,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-family home in Williamsburg with updated boiler and hot water.
Where is this duplex located?
The property is located at 68A Middleton Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two‑family home in Williamsburg.; Recently updated boiler and hot water heater (approximately one year old).; Delivered vacant.
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