Well-Kept Two-Unit Brick
690A Lexington Avenue Brooklyn, NY 11221
690A Lexington Avenue, Brooklyn, NY, 11221
$1,300,000
For Sale
$1,300,000
Two-family brick residence with community driveway parking for two cars and distinct unit layouts.
Property Size2,820 SF
Price / SF$460.99
Days on Market148
Property Features for 690A Lexington Avenue
General Information
- Standard status
- Active
- Size
- 2,820 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2002
Listing agency
Tiger Realty
(718) 838-2600
Listed by
Bao Yan (Serena) Ma
Source
Penrealty
Added: Feb 24 Updated: Jul 21 at 7:59AM Checked: Jul 21 at 7:59AM
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 Tiger Realty
Investment Insights
Based on property information with market context.
This well-kept two-family brick residence is configured as a duplex on a 20x100 lot, with a 20x47 building size. The property offers community driveway parking for two cars. The first unit features 3 bedrooms and 2 full/three-quarter baths, while the second apartment has 2 bedrooms and 1 full bath.
The home is located at 690A Lexington Avenue in Brooklyn, NY 11221.
A total of two separate apartments are in place, making the property suitable for both owner-occupants seeking rental income and investors looking for a residential income asset.
The home is located at 690A Lexington Avenue in Brooklyn, NY 11221.
A total of two separate apartments are in place, making the property suitable for both owner-occupants seeking rental income and investors looking for a residential income asset.
Key Highlights
- Well‑kept 2‑family brick residence built in 2002
- Each unit features distinct layouts: one duplex unit has 3 bedrooms and 2 3/4 baths; the second apartment has 2 bedrooms and 1 full bath
- 20x47 building size on a 20x100 lot
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.8k | $51.00 |
| − Vacancy | −$2.7k | −$0.97 |
| EGI | $141.1k | $50.03 |
| − OpEx | −$42.3k | −$15.01 |
| NOI | $98.8k | $35.02 |
2,820 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.41M
$1.23M – $1.65M
NOI $98,761 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$1.23M
$1.08M – $1.43M
NOI $86,092 @ 7.0% cap · market cap 6.62%
Theoretical Best
Specialty Retail
$2.33M
$2.04M – $2.72M
NOI $163,447 @ 7.0% cap · market cap 12.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-family brick residence with community driveway parking for two cars and distinct unit layouts.
Where is this duplex located?
The property is located at 690A Lexington Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Well‑kept 2‑family brick residence built in 2002; Each unit features distinct layouts: one duplex unit has 3 bedrooms and 2 3/4 baths; the second apartment has 2 bedrooms and 1 full bath; 20x47 building size on a 20x100 lot
