Brooklyn Two-Family House For
729 47th Street Brooklyn, NY 11220
729 47th Street, Brooklyn, NY, 11220
$1,680,000
For Sale
$1,680,000
MULTI_FAMILY - Brooklyn, NY
Property Size2,146 SF
Lot Size0.05 Acres
Price / SF$782.85
Days on Market1383
Property Features for 729 47th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6B
- Bathrooms
- 3
- Rooms
- Bathroom 1, Bathroom 3, Bathroom 2
- Parking features
- Garage - Attached
- Patio and Porch features
- Porch
- Interior features
- A/C Unit - Window, Porch, Refrigerator, Stove
- Basement
- Finished
- Standard status
- Active
- Size
- 2,146 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Annual Amount
- 7708
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Flat
Listing agency
RE/MAX Edge
(718) 612-3088
Listed by
Cuie (Maggie) Wu · License #10401322631
(718) 612-3088
Added: Oct 10, 2022 Updated: May 14 at 2:57PM Checked: Jul 23 at 9:06AM
MLS# 467305
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This legal two-family house is located in Sunset Park, Brooklyn. The first floor features 3 bedrooms and one bathroom, while the second floor offers 4 bedrooms and one bathroom. The property includes a finished basement with a separate entrance. A community driveway provides two parking spaces. The house is conveniently located near local shops and transportation. The lot size is 0.0459 acres and the property size is 2146 square feet. The property is being sold AS IS. The zoning is R6B.
Key Highlights
- Legal two‑family house
- Finished basement with separate entrance
- Community driveway with two parking spaces
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 | $95.3k | $44.40 |
| − Vacancy | −$4.0k | −$1.86 |
| EGI | $91.3k | $42.54 |
| − OpEx | −$27.4k | −$12.76 |
| NOI | $63.9k | $29.77 |
2,146 SF · lease $44.40/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal two-family house in Sunset Park, convenient to shops.
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; Finished basement with separate entrance; Community driveway with two parking spaces
