Sunset Park Two-Family
For Sale
$1,680,000
729 47th Street, Brooklyn, NY 11220
Two-family house in Sunset Park with parking and finished basement.
Property Size2,146 SF
Price / SF$782.85
Days on Market1443
Property Features for 729 47th Street
General Information
Standard status
Active
Size
2,146 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$7,708
Building Details
Year Built
1920
Listing Agency:
RE/MAX Edge
Listed By:
Cuie (Maggie) Wu · License #10401322631
(718) 612-3088
Source:
Exitrealty
Added: Oct 30, 2022
Changed: Oct 6
Last Checked: Oct 5 at 4:19PM
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 is a legal two-family house located in Sunset Park. The first floor features 3 bedrooms and one bathroom. The second floor includes four bedrooms and one bathroom. The property also has a finished basement with a separate entrance. A community driveway provides two parking spaces. The property is conveniently located near local shops and transportation. The house is being sold AS IS.
Key Highlights
- Legal two‑family house: Offers potential for rental income or multi‑generational living.
- Finished basement with separate entrance: Provides additional living space or rental opportunity.
- Community driveway with two parking spaces: Addresses a common parking challenge in urban areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,896
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,920
$1.3M
Cap Rate 7%
$912,800
$912.8K
Cap Rate 9%
$709,956
$710.0K
Market Conditions
NOI Build-Up for 2,146 SF
Gross rent
$95.3K $44.40/SF
− Vacancy
−$4.0K −$1.86/SF
EGI
$91.3K $42.54/SF
− OpEx
−$27.4K −$12.76/SF
NOI
$63.9K $29.77/SF
Area
ZIP 11220
Vacancy
4.20%
Lease Rate
$44.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,920
Cap Rate 7%
$912,800
Cap Rate 9%
$709,956
Alternative Uses
Best Use
Multifamily LT 5
$912.8K
$798.7K – $1.06M
NOI $63,896 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$817.5K
$715.3K – $953.8K
NOI $57,227 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,384 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,194
Businesses Nearby
Explore this area
Business Placement
Demographics for 11220, NY
105,797
Population
30,897
Households
3.4
Avg Household Size
35
Median Age
25%
College-Educated
62%
High-School Grad
1.7 sq mi
ZIP Area
62,234
Density / Sq Mi
$64,201
Median Household Income
$31,489
Median Earnings
$1,688
Median Rent
$1,021,200
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family house in Sunset Park with parking and finished basement.
Where is this duplex located?
The property is located at 729 47th Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,680,000.
What are key features of this property?
This property features: Legal two‑family house: Offers potential for rental income or multi‑generational living.; Finished basement with separate entrance: Provides additional living space or rental opportunity.; Community driveway with two parking spaces: Addresses a common parking challenge in urban areas.
