Detached Two-Family
69 Martense Street, Brooklyn, NY 11226
For Sale
$1,888,888
Pending
Residential Income, Brooklyn, NY
Property Size2,660 SF
Lot Size0.10 Acres
Days on Market289
Property Features for 69 Martense Street
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Basement
Special listing conditions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Water source
Amenities
laundry room
recreation space
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Mitra Hakimi Realty Group LLC
Listed By:
Etan Hakimi · License NY #1014541
(718) 268-5588
Added: Jan 25
Changed: Nov 6
Last Checked: Nov 9 at 1:06PM
MLS# 955280
Copyright © 2026 OneKey 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 detached Colonial-style duplex, built in 1930, contains 2,660 square feet of living space on a 4,176-square-foot lot measuring 29.92 feet by 139.58 feet. Each apartment includes three bedrooms, a living room, dining room, full bathroom, and windowed eat-in kitchen. The semi-finished basement has its own entrance, laundry room, and recreation area. A 22-by-55-foot building footprint, frame construction, natural-gas heat, driveway, garage, and parking lot are also included.
The property is located at 69 Martense Street in Brooklyn’s Flatbush section, near Prospect Park, Brooklyn Botanic Garden, and Kings Theatre. Transit options cited for the property include the 2 and 5 trains at Church Avenue, the B and Q lines, and the B35, B41, and B44 bus routes.
R7A zoning and a 4.0 FAR are identified, with 16,704 buildable square feet cited for potential residential development subject to independent verification. The property is an estate sale, and closing is subject to issuance of Letters from the Surrogate’s Court.
The property is located at 69 Martense Street in Brooklyn’s Flatbush section, near Prospect Park, Brooklyn Botanic Garden, and Kings Theatre. Transit options cited for the property include the 2 and 5 trains at Church Avenue, the B and Q lines, and the B35, B41, and B44 bus routes.
R7A zoning and a 4.0 FAR are identified, with 16,704 buildable square feet cited for potential residential development subject to independent verification. The property is an estate sale, and closing is subject to issuance of Letters from the Surrogate’s Court.
Key Highlights
- Two‑family detached residence with two three‑bedroom apartments
- 4,176‑square‑foot lot measuring 29.92 ft x 139.58 ft
- 2,660 square feet of living space with a 22x55 building footprint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,427
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,540
$1.3M
Cap Rate 7%
$963,243
$963.2K
Cap Rate 9%
$749,189
$749.2K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$100.5K $37.80/SF
− Vacancy
−$4.2K −$1.59/SF
EGI
$96.3K $36.21/SF
− OpEx
−$28.9K −$10.86/SF
NOI
$67.4K $25.35/SF
Area
ZIP 11226
Vacancy
4.20%
Lease Rate
$37.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,348,540
Cap Rate 7%
$963,243
Cap Rate 9%
$749,189
Alternative Uses
Best Use
Multifamily LT 5
$963.2K
$842.8K – $1.12M
NOI $67,427 @ 7.0% cap · market cap 3.57%
Second Best
Apartment 5plus
$890.8K
$779.5K – $1.04M
NOI $62,359 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $92,032 @ 7.0% cap · market cap 4.87%
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
5,488
Businesses Nearby
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Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
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Market
Average Price Trend$/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 - Detached two-family residence with two three-bedroom apartments, a separate-entry basement, and public water and sewer service.
Where is this duplex located?
The property is located at 69 Martense Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,888,888.
What are key features of this property?
This property features: Two‑family detached residence with two three‑bedroom apartments; 4,176‑square‑foot lot measuring 29.92 ft x 139.58 ft; 2,660 square feet of living space with a 22x55 building footprint
