Waterfront Duplex with Finished
For Sale
$649,000
73 Bartlett Place, Brooklyn, NY 11229
Residential, Duplex, Brooklyn, NY
Property Size756 SF
Lot Size0.04 Acres
Price / SF$858.47
Days on Market657
Property Features for 73 Bartlett Place
General Information
Property type
Residential
Property subtype
Duplex
Zoning
R4
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2
Patio and Porch features
Deck
Interior features
Central Air - Split, Deck, Dishwasher, Dryer, Laundry Area, Microwave, Refrigerator, Stove, Washer
Basement
Finished, Full
Subdivision
Gerritsen Beach
Standard status
Active
Size
756 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
4440
Utilities
Water front
1
Amenities
split systems
granite countertops
stainless-steel appliances
walk-in closet
deck
dock
Building Details
Year built
1920
Floors in Building
2
Flooring type
Tile, Hardwood
Architectural style
Other
Listing Agency:
Brooklyn4U Rltyof DykerHeights
Listed By:
Maria Fabbro
(718) 236-1800
Added: Jan 8, 2025
Changed: Oct 23
Last Checked: Oct 27 at 8:06PM
MLS# 488463
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.
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Investment Insights
Based on property information with market context.
This R4-zoned duplex was built in 1920 and has 756 square feet of property size. The residence includes 3 bedrooms, 2 full baths, hardwood and tile flooring, and split-system cooling in every room. Interior improvements include granite kitchen countertops, stainless-steel appliances, large closets, and a walk-in closet in the primary bedroom.
A finished stand-up attic and full finished basement add usable space, with the basement offering a separate exit to the deck and dock area. The waterfront setting includes room for up to at least 2 boats and views from the property. Transportation, shopping, and restaurants are described as being within a short distance.
A finished stand-up attic and full finished basement add usable space, with the basement offering a separate exit to the deck and dock area. The waterfront setting includes room for up to at least 2 boats and views from the property. Transportation, shopping, and restaurants are described as being within a short distance.
Key Highlights
- Waterfront duplex with R4 zoning
- 3 bedrooms and 2 full baths
- 756 square feet; built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,476
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,520
$529.5K
Cap Rate 7%
$378,229
$378.2K
Cap Rate 9%
$294,178
$294.2K
Market Conditions
NOI Build-Up for 756 SF
Gross rent
$38.6K $51.00/SF
− Vacancy
−$733 −$0.97/SF
EGI
$37.8K $50.03/SF
− OpEx
−$11.3K −$15.01/SF
NOI
$26.5K $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%
$529,520
Cap Rate 7%
$378,229
Cap Rate 9%
$294,178
Alternative Uses
Best Use
Multifamily LT 5
$378.2K
$331.0K – $441.3K
NOI $26,476 @ 7.0% cap · market cap 4.08%
Second Best
Apartment 5plus
$329.7K
$288.5K – $384.7K
NOI $23,080 @ 7.0% cap · market cap 3.56%
Theoretical Best
Specialty Retail
$626.0K
$547.7K – $730.3K
NOI $43,818 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
557
Businesses Nearby
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Demographics for 11229, NY
83,669
Population
33,353
Households
2.5
Avg Household Size
40
Median Age
41%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
41,835
Density / Sq Mi
$72,556
Median Household Income
$52,948
Median Earnings
$1,666
Median Rent
$812,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated duplex with a finished attic, basement, deck, and dock area for boat access.
Where is this duplex located?
The property is located at 73 Bartlett Place Brooklyn, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Waterfront duplex with R4 zoning; 3 bedrooms and 2 full baths; 756 square feet; built in 1920
