Two-Family Semi-Detached Brick
721 E 94th St Brooklyn, NY 11236
For Sale
$750,000
Two 2-bedroom, 1-bath units with private front and rear yards, delivered vacant for customization at closing.
Property Size1,012 SF
Lot Size0.06 Acres
Price / SF$741.11
Days on Market55
Property Features for 721 E 94th St
General Information
- Standard status
- Active
- Size
- 1,012 SF
- Lot size
- 0.06 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing Agency:
RE/MAX Real Estate Professionals
(718) 532-2000
Listed By:
Billy Apter · License #BEA5721
(718) 532-2000
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 26 at 9:41AM
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 Real Estate Professionals
Investment Insights
Based on property information with market context.
This two-family semi-detached brick home is set on a 28x100 lot and offers a 22x46 building footprint with two separate, flexible four-room unit layouts. Each unit includes 2 bedrooms and 1 bathroom, making the arrangement workable for owner-occupancy or tenant rental use. The property features private front and rear yards for added outdoor space, and a community driveway for convenient parking. The home is delivered vacant at closing, providing the opportunity to personalize finishes and upgrades as desired.
Located in the heart of Canarsie, the property is close to Rockaway Parkway’s shopping and service offerings, including Stop & Shop, BJ’s Wholesale Club, local eateries, and essential businesses. Recreational options nearby include Canarsie Pier within the Gateway National Recreation Area, offering bayfront walking and outdoor activities.
With two self-contained residences and outdoor space tied to the building, this home can fit households seeking a live-in setup while maintaining rental income from a second unit. For buyers focused on straightforward residential income, the clear two-unit configuration and vacant delivery can simplify planning for occupancy and future improvements.
Located in the heart of Canarsie, the property is close to Rockaway Parkway’s shopping and service offerings, including Stop & Shop, BJ’s Wholesale Club, local eateries, and essential businesses. Recreational options nearby include Canarsie Pier within the Gateway National Recreation Area, offering bayfront walking and outdoor activities.
With two self-contained residences and outdoor space tied to the building, this home can fit households seeking a live-in setup while maintaining rental income from a second unit. For buyers focused on straightforward residential income, the clear two-unit configuration and vacant delivery can simplify planning for occupancy and future improvements.
Key Highlights
- Two‑family semi‑detached brick home built in 1950 in Canarsie
- Two 2‑bedroom, 1‑bath units, each with a four‑room flexible layout
- Set on a 28x100 lot with a 22x46 building footprint
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 | $51.6k | $51.00 |
| − Vacancy | −$981 | −$0.97 |
| EGI | $50.6k | $50.03 |
| − OpEx | −$15.2k | −$15.01 |
| NOI | $35.4k | $35.02 |
1,012 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.3K
$443.0K – $590.7K
NOI $35,442 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$441.4K
$386.2K – $514.9K
NOI $30,895 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$837.9K
$733.2K – $977.6K
NOI $58,656 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with private front and rear yards, delivered vacant for customization at closing.
Where is this duplex located?
The property is located at 721 E 94th St Brooklyn, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑family semi‑detached brick home built in 1950 in Canarsie; Two 2‑bedroom, 1‑bath units, each with a four‑room flexible layout; Set on a 28x100 lot with a 22x46 building footprint
