Two-Unit Duplex with Private
New
For Sale
$1,399,000
71 Bleecker Street, Brooklyn, NY 11221
Two separate residences provide a three-bedroom upper home and a two-bedroom lower unit, each with its own laundry.
Property Size2,080 SF
Price / SF$672.60
Days on Market3
Property Features for 71 Bleecker Street
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Multi Family
Units
Unit Mix
1 x 3BR/1.5BA, 1 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,501
Amenities
private parking
mini-split AC
laundry
outdoor access
eat-in kitchen
Building Details
Building Size
2,080 SF
Year Built
1996
Buildings
1
Listing Agency:
Compass
Listed By:
Marta J Maletz
(917) 599-8181
Source:
Penrealty
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 10 at 2:44AM
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 Compass
Investment Insights
Based on property information with market context.
This two-family property contains 2,080 square feet and was built in 1996. The upper residence has three bedrooms, one and a half bathrooms, an eat-in kitchen, mini-split air conditioning, and laundry. The lower unit includes two bedrooms, laundry, mini-split air conditioning, and outdoor access. Private parking is also part of the property.
A finished basement of approximately 1,000 square feet offers additional space. The lower unit may be combined with the basement to form a duplex configuration. The property is located on Bleecker Street in Brooklyn’s Bushwick neighborhood, near transportation, dining, and neighborhood amenities.
A finished basement of approximately 1,000 square feet offers additional space. The lower unit may be combined with the basement to form a duplex configuration. The property is located on Bleecker Street in Brooklyn’s Bushwick neighborhood, near transportation, dining, and neighborhood amenities.
Key Highlights
- Two‑family property with a three‑bedroom upper residence and a two‑bedroom lower unit
- Private parking on site
- Finished basement of approximately 1,000 square feet, with potential to connect to the lower unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,845
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,456,900
$1.5M
Cap Rate 7%
$1,040,643
$1.0M
Cap Rate 9%
$809,389
$809.4K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$106.1K $51.00/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$104.1K $50.03/SF
− OpEx
−$31.2K −$15.01/SF
NOI
$72.8K $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%
$1,456,900
Cap Rate 7%
$1,040,643
Cap Rate 9%
$809,389
Alternative Uses
Best Use
Multifamily LT 5
$1.04M
$910.6K – $1.21M
NOI $72,845 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$907.1K
$793.8K – $1.06M
NOI $63,500 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$1.72M
$1.51M – $2.01M
NOI $120,557 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
5,009
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences provide a three-bedroom upper home and a two-bedroom lower unit, each with its own laundry.
Where is this duplex located?
The property is located at 71 Bleecker Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Two‑family property with a three‑bedroom upper residence and a two‑bedroom lower unit; Private parking on site; Finished basement of approximately 1,000 square feet, with potential to connect to the lower unit
