Modern Two-Family Duplex
For Sale
$1,600,000
Pending
733 Greene Avenue, Brooklyn, NY 11221
Contemporary two-residence townhouse with private outdoor areas, separate utilities, and flexible lower-level space.
Property Size3,300 SF
Lot Size0.04 Acres
Days on Market57
Property Features for 733 Greene Avenue
General Information
Standard status
Pending
Size
3,300 SF
Lot size
0.04 Acres
Property subtype
Multi Family
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2.5BA, 1 x 2BR/2BA
Multifamily Units
2
Additional Details
Gross Income
$48,000
Taxes and HOA fees
Annual Taxes
$20,436
Amenities
private terraces
private backyard
central A/C and heat
in-unit washer/dryer
Building Details
Building Size
3,300 SF
Year Built
2014
Buildings
1
Stories
3
Tenancy
Single
Listing Agency:
Compass
Listed By:
Julie E Cohen
(917) 885-3365
Source:
Miradorrealestate
Added: Sep 1
Changed: Oct 25
Last Checked: Oct 26 at 10:28PM
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
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Investment Insights
Based on property information with market context.
Built in 2014, this approximately 3,300-square-foot two-family townhouse at 733 Greene Avenue is arranged across three stories on a 20-foot-wide lot. The upper residence measures approximately 1,650 square feet with three bedrooms, 2.5 bathrooms, three private terraces, an open kitchen and living area, in-unit laundry, and a primary suite with private bath. The approximately 1,450-square-foot garden duplex includes two bedrooms, two full bathrooms, a windowed recreation room, laundry, and direct access to a private backyard.
Both residences feature central A/C and heat, stainless steel appliances, quartz countertops, center islands, white oak flooring, recessed lighting, and separate metering. The lower-level recreation room provides additional storage and flexible space for an office, guest area, studio, or sleeping area. Herbert Von King Park, restaurants, shops, markets, and daily conveniences are nearby, while the Bedford-Nostrand G train and Kosciuszko Street J train stations are approximately seven blocks away.
Both residences feature central A/C and heat, stainless steel appliances, quartz countertops, center islands, white oak flooring, recessed lighting, and separate metering. The lower-level recreation room provides additional storage and flexible space for an office, guest area, studio, or sleeping area. Herbert Von King Park, restaurants, shops, markets, and daily conveniences are nearby, while the Bedford-Nostrand G train and Kosciuszko Street J train stations are approximately seven blocks away.
Key Highlights
- Approximately 3,300 square feet of interior space across two residences
- Upper 3‑bedroom, 2.5‑bathroom duplex with three private terraces
- Lower 2‑bedroom, 2‑bathroom garden duplex with private backyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,572
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,311,440
$2.3M
Cap Rate 7%
$1,651,029
$1.7M
Cap Rate 9%
$1,284,133
$1.3M
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$168.3K $51.00/SF
− Vacancy
−$3.2K −$0.97/SF
EGI
$165.1K $50.03/SF
− OpEx
−$49.5K −$15.01/SF
NOI
$115.6K $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%
$2,311,440
Cap Rate 7%
$1,651,029
Cap Rate 9%
$1,284,133
Alternative Uses
Best Use
Multifamily LT 5
$1.65M
$1.44M – $1.93M
NOI $115,572 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,746 @ 7.0% cap · market cap 6.30%
Theoretical Best
Specialty Retail
$2.73M
$2.39M – $3.19M
NOI $191,268 @ 7.0% cap · market cap 11.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,936
Businesses Nearby
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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
Frequently Asked Questions
What type of property is this?
Duplex - Contemporary two-residence townhouse with private outdoor areas, separate utilities, and flexible lower-level space.
Where is this duplex located?
The property is located at 733 Greene Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Approximately 3,300 square feet of interior space across two residences; Upper 3‑bedroom, 2.5‑bathroom duplex with three private terraces; Lower 2‑bedroom, 2‑bathroom garden duplex with private backyard
